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Mortgage Payment Protection Insurance

Information on Mortgage Payment Protection Insurance


  Mortgage Payment Protection Insurance

Protection of your mortgage payments can be as important as the mortgage itself and the selection of the most suitable plan for your needs requires careful consideration on the grounds of both affordability and also plan benefits.

It can mean the difference between financial comfort should the correct planning be in place or hardship when you are unable to meet your mortgage commitment perhaps because you have a long-term illness, or may have become unemployed due to no fault of your own.

Benefits can be paid each month to cover your mortgage payment, and also other related commitments, such as the monthly premiums for your life assurance and home insurance plans.

The plans you can choose from are normally renewable each year and provide cover for up to two years of monthly income benefit.

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