Mortgage Insurance
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Mortgage paid if you cannot work due to accident, sickness or unemployment |
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Excess Periods are flexible, you to choose when your benefits payments start |
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Top up your benefits by 25% to cover additional household expenses e.g. utility bills |
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Free and confidential Jobcare Back to Work Service to help you return to work |
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Help with redundancy matters and tax information - free helpline |
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Unemployment benefit is also available for people who are self employed |
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Simple on-line application process, full 12 months benefit, no medical required |
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Mortgage Insurance to safeguard your family and your home |
This page has been dedicated to customers who are looking for Mortgage Insurance and may not be aware it is generally called either Mortgage Payment Protection Insurance or MPPI when serching on-line. This insurance is probably the cheapest and easist to buy that will cover your mortgage and other household bills if you are unable to work due to accident, sickness or unemployment.
Mortgage Insurance three simple steps
1. Step 1 just select the amount you want to be paid and type of benefit
i:protect Mortgage Protection Insurance can be tailored to protect up to 75% of your gross monthly income (your pay before tax) or £1,500, whichever is the lesser amount. You decide whether you would like full accident, sickness and unemployment cover or just accident and sickness cover only. The benefits you select should enable you to pay your mortgage each month.
2. Step 2 select how long you would like to wait before you are paid
Flexible Excess periods mean you can choose when your benefit is paid from. So you can set your accident and sickness payments to kick in when your sick pay from work ceases and select your unemployment benefits to commence when your payment in lieu runs out. This level of flexibility means that your i:protect Mortgage Protection Insurance premiums can often be made cheaper by simply tailoring your benefit payments for when you need them most.
3. Step 3 choose if you want to include a 'top up' to pay other bills
You can take out additional cover to pay you up to 25% more than the amount you pay for your mortgage. Your total monthly benefit is still subject to the maximum of 75% of your gross monthly income or £1,500 per month whichever is the lesser amount. Use i:protect Mortgage Protection Insurance to cover your mortgage repayments and to help contribute toward:
- Household expenses and loans
- Vital insurance premiums
- Minimum credit card repayments
- Electricity, Gas and Water bills
- Supermarket bills
- Car fuel costs and more...
Mortgage Insurance bonus benefits
The is help when you need it
i:protect Mortgage Payment Protection Insurance provides you with a confidential and independent back to work advice service. This service is free (you only pay the cost of any telephone calls) and is provided by employment specialists Jobcare Services Limited. Advisors are available to offer you practical advice to help you to find the right job, their services include:
- Preparation of CV's
- Application letters
- Finding job vacancies
- Advice on interview techniques
- Advice about self-employment or career change
Help if you need advice regarding Redundancy issues these can include both Taxation and Legal matters, it is essential to know your rights and entitlement under your contract of employment as well as State Benefits. For more information about this free Redundancy Helpline please click here.
Are you Self Employed?
With over 10% of i:protect policyholders self employed it is good to know that the benefits available are identical to company employees. There is one difference - to support a claim for unemployment you will need to provide evidence that your business has ceased to trade as a direct result of the inability to pay your debts when they become due. Please Note: for people who are self employed this insurance cover has not been designed to pay benefit for any period of unemployment which is due to a temporary loss of work or a temporary lack of work.
Treating customers fairly
This is not a complex insurance product that is designed to cover you for long term accident and sickness up to the age of 65. An i:protect Mortgage Payment Protection policy is very quick and easy to apply for on-line. You do not have to complete long forms, detail your family medical history or be examined by a doctor. Your policy can run for as long as you need it and you know it will pay you for up to a full year in respect of any valid claim. This is usually more than enough time to recover from an accident or illness, or indeed find another job in the event of redundancy.
Great value cover
Please take the opportunity to get a quote and se how little it would cost to secure your home in the event you lost you income and were unable to work due to accident sickness or unemployment.
Saving money by switching cover
If you are already insured elsewhere, you could save a great deal of money by switching your Mortgage Payment Protection Insurance to i:protect. Get a quote to check prices first or go to this dedicated web page for more information about switching cover: Please click here for full details of Free to Switch.
| There are other providers of short-term Income Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk |
Do you need to know more about i:protect Mortgage Payment Protection Insurance (MPPI)?
- How much would it cost? Take 2 minutes to get a quick quote - Go to the Top of this Page and click 'Get a Quote'.
- For more detail about i:protect Mortgage Payment Protection Insurance please click on the green navigation buttons on the right hand side near the top of this page. Please Go to the Top of this Page.