Benefits Explained

Protection in uncertain times

Mortgage payment protection is a safety net that will pay out monthly benefits to help protect your mortgage repayments.

In an uncertain economic climate, this type of protection helps reassure you that if an unexpected change happens at work, and you are left unemployed, or you are unable to work following an accident or illness, you will have some breathing space regarding your mortgage until you get yourself back on your feet.

Flexible cover: choose your protection

You get to decide which circumstances are covered for mortgage protection with these options:

• Firstly decide whether you want mortgage payment only cover, or if you want household bills also protected.
• Next decide the type of circumstance you want covered, you have two options:

1) Accident, Sickness and Unemployment cover or 2) Accident and Sickness cover only.

• Finally, you can choose whether you want cover back to Day 1, or from Day 30 of whichever type of benefit applies.

You can select either type of cover, with appropriate premiums attached to all configurations of your mortgage protection plan.

Add to that, when you purchase with us, unlike many other providers, you will be able to set the benefit amount you want paid out, and this will correspond to the premium you pay.

• Set the monthly benefit level when you apply.

The amount of cover you select will be shown on your policy documents (on the schedule). Monthly benefits start at £100 and go up a maximum of £2000; with a stipulation that they don't exceed 50% of your gross monthly salary.

So, for example, you can decide to obtain £500 cover, to meet exactly your current mortgage repayments, and when you qualify for these, you would receive up to 12 monthly payments of £500.

Consider your own situation, and make your own mind up on the level of cover you feel appropriate. Going through our quote system only takes a few minutes: there you can see exactly how much protection you get for the monthly fee.

Phone for quote: 012 345 678