For most people, mortgage is their biggest monthly outgoing. Have you thought about how you would pay for your mortgage if you are unable to work? What would happen if you lose your job and you don’t have another source of income? Or what if you get badly injured due to an accident and need time to recuperate? What will happen if you become seriously ill and cannot work? You can easily lose all your savings if you cannot work for a prolonged period of time. Therefore, You should always prepare for unexpected events that might happen in the future. It is best to consider Mortgage Payment Protection Insurance to protect you from financial loss.
Mortgage Payment Protection Insurance covers the cost of mortgage payments in the event of accident, sickness or unemployment that prevent you from working. This plan will only pay out for a maximum of 1 year. In most cases, Mortgage Payment Protection have two payout options. Most policies have a payout of either 31 days or 60 days after you are unable to work. However, some policies will backdate the benefit from day one you were first out of work.
We can help you choose the best plan that will cover your mortgage payments should the unexpected happen. Just click on the “Get A Free Quote” button and we will get in touch with you.