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Product Overview
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Flexible Mortgage Protection Insurance
i:protect Mortgage Payment Protection Insurance is designed to pay your monthly mortgage repayment in the event that you are off work through accident, sickness or involuntary unemployment. Levels of Cover i:protect Mortgage Payment Protection Insurance can be tailored to protect your mortgage and up to a further 25% above your monthly mortgage repayment providing it does not exceed 75% of your gross monthly income (your pay before tax) or £1500, whichever is the lesser amount. Benefit Payments can be paid for up to 12 months for any one claim and are not subject to Income Tax or NI contributions. You decide whether you would like full accident, sickness and unemployment cover or just accident and sickness cover only. Flexible Excess Periods Flexible Excess periods mean you can choose when you receive payments under your policy. So you can set your accident and sickness benefits to commence when your sick pay from work ceases and select your unemployment benefits to start when your payment in lieu runs out. This level of flexibility means that your i:protect Mortgage Payment Protection Insurance premiums can often be made cheaper by simply tailoring your benefit payments to when you need them most. Back to Work Services i:protect Mortgage Payment Protection Insurance comes with a free, independent and confidential back to work advice service that can be used in the unfortunate event that you need to make an unemployment claim. You or your immediate family (in the same household) can utilise the following services:
Eligibility Criteria i:protect Mortgage Payment Protection Insurance is suitable for anyone who is a UK resident, aged 18 to 64 (cover ceases at the age of 65), is actively working and who is in permanent full-time employment or self-employment for 16 hours per week and has been so for the last 6 consecutive months and a named party to a mortgage agreement on their main residence.
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