Mortgage Protection Insurance
Not only is your home one of the most important things you will ever own, it’s also one of the most expensive. If, like most people in the UK, you purchased
your home with a mortgage, then the right kind of insurance policy can make sure you and your family are protected should you become unable to work.
Your mortgage repayments will be one of your largest monthly outgoings. So with that in mind, it’s important that you have a plan in place that considers
how these monthly payments are going to be maintained if you or your partner were to lose your income.
Mortgage protection insurance is designed to take care of your monthly mortgage payments should you stop receiving a wage due to injury, illness or redundancy.
This kind of insurance is especially useful if you’re self-employed, and therefore not entitled to receive redundancy or sickness pay.