Mortgage Payment Protection Insurance

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What is it?

This type of plan can ensure that you are able to continue to make your mortgage (and other related expenditure) payments in the event of accident, sickness or unemployment. It is often referred to as Accident, Sickness and Unemployment cover. These plans usually pay benefits for up to 2 years, however, if you are seeking a plan that pays for longer period then Income Protection Insurance will be more suitable.

There is no legal requirement to have such cover and potential mis-selling of these products has generated much interest from the media and the industry regulator in recent years. However, this doesn’t mean that they are not right for some people and can provide valuable protection in the right circumstances.

Who is it for?

For those who are worried about being able to continue their mortgage payments in the event of losing income due to accident, sickness or unemployment.

Want to find out more?

If you would like more information regarding this type of plan or wish to arrange a free, no obligation, financial review please contact us on 0161 941 5972 and you will be able to speak to one of our Independent Financial Advisors.