Mortgage Protection Insurance
|
|
Your Mortgage paid if you cannot work due to accident, sickness or unemployment |
|
|
Flexible Excess Periods allow you to choose when your benefits payments start |
|
|
Top up your benefits by 25% to cover additional household expenses e.g. utility bills |
|
|
Free and confidential Jobcare Back to Work Service to help you return to work |
|
|
Legal Helpline to help you with redundancy matters and tax information |
|
|
Unemployment benefit also available for self employed |
|
|
Up to 12 month benefit, simple on line application process, no medical required |
Mortgage Payment Protection three simple steps
1. Select the amount you want to be paid and what for
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. Select when you want to be 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. You can choose to top up your monthly benefits
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:
- Home improvement and/or car loans
- Important insurance premiums
- Credit card repayments
- Utility bills
- Food bills
- Fuel costs and more...
Mortgage Payment Protection more benefits
Help when you need it most
i:protect Mortgage Payment Protection Insurance provides you 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 PMA Limited. Advisors are available to offer you practical advice to help you find the right job their services include:
- CV preparation
- Letters of application
- Sourcing vacancies
- Interview techniques
- Self-employment advice
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.
Self Employed?
Over 10% of i:protect policyholders are self employed and the benefits available are identical to company employees. The only difference being 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.
Straightforward Cover
Unlike complex insurance products designed to cover you for long term accident and sickness up to age 65. An i:protect Mortgage Payment Protection policy is very quick and easy to apply for on-line. There is no need 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 involuntary unemployment .
Great Value
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.
Switch Cover to save money
Finally, if you are already insured elsewhere, but realise you could save a great deal of money by switching your Mortgage Payment Protection Insurance to i:protect to save money, please click here for full details of our Free to Switch initiative.
Need to know more about i:protect Mortgage Payment Protection?
- 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. Go to the Top of this Page.
- If you would like to know more about the reasons why people buy this insurance please see 'Reasons to buy MPPI from i:protect' below.
Reasons to buy MPPI from i:protect
Protect your mortgage. Pay only £12.40 per month for £1000 monthly benefit*...
i:protect insurance offers a range of products geared towards protecting various aspects of your lifestyle and most importantly your mortgage.
* Example Quote - Full Accident, Sickness and Unemployment cover. Monthly benefit of £1000.00 payable for up to a year for any valid claim. The premium is only £12.40 per month and is based on a 30 year old with 180 day deferment period.
 |
|
Use i:protect Mortgage Payment Protection Insurance to protect your mortgage payments. You can also cover up to 25% more than your mortgage repayments to help you pay your loans, credit card repayments, important insurance premiums, utility bills, food bills and more. Click for more information...
This type of insurance is an alternative for people who have been unable to accumulate savings. In the UK, the average family has saved less than the equivalent two months pay. Over a quarter of the population have virtually no savings at all (Yorkshire Building Society survey reported by Daily Mail 25 July 2008).
Most people in this position would find it impossible to save the equivalent of 4 to 6 months salary which is considered the minimum to draw upon during periods of unemployment. Yet....
'the monthly premiums for i:protect Mortgage Payment Protection Insurance are less than a subscription to Sky TV'
This insurance to secure the financial wellbeing of the average family is very affordable given the alternative........ Click for more information about price
Mortgage Protection Insurance Quote
People visiting the i:protectinsurance website have been using best mortgage protection and mortgage protection cover as their search criteria. We have found many new customers have commenced their enquiry for mortgage payment insurance when in fact they needed income protection rather than mortgage insurance cover.
Mortgage Insurance Unemployment Cover and Redundancy Insurance
A quote for mortgage payment cover is available on this page by simply clicking on the Quote Now button. However i:protect will not offer cover for redundancy alone - a full explanation is given on the Product Overview page. Nevertheless, if you wish, your mortgage insurance protection plan can still be focused upon unemployment cover. You can reduce your premium to an almost insignificant sum in respect of your accident and sickness cover cover within your mortgage repayment insurance.
The flexibility of the excess periods on iprotects Mortgage Payment Protection Policy - MPPI - enables this to be accomplished as follows. Apply the maximum 180 day excess to your accident and sickness cover and back to day one (ie nil excess) to your unemployment cover. This will reduce your premium for the non-unemployment elements of your cover to a minimum. Though, you should always tailor excess periods for all benefits to your personal circumstances.
Compare Mortgage Payment Protection
Instead of just searching for cheap mortgage payment protection you may want to compare mortgage payment protection insurance visiting individual UK websites or searching for mortgage repayment cover on the mortgage payment protection insurance comparison web sites. However before you do so, the iprotect Top Ten Tips is easy read and will help you to decide what is best for you.
Cheap mortgage insurance is often just that and the best quote for you would not necessarily be the cheapest. For example, some policies do not offer redundancy or unemployment cover. If you are looking for help to choose please click on this link.