Mortgage Protection Insurance Products

In the case of a couple, the death of either borrower before redemption can result in severe financial hardship for the survivor. If the main income earner dies - how will the survivor afford the continuing repayments?

Mortgage protection policies are available to repay the outstanding capital balance of the mortgage in the event of either death or critical illness during the mortgage term, and are written on a joint life basis where appropriate. The comparatively low cost of the policy brings added peace of mind and financial security in the event of a premature death or diagnosis of a critical illness if a critical illness option is selected.

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Unemployment insurance is an insurance that can help you keep up with the monthly payments you usually make on credit cards, loans, and the mortgage should you be unfortunate enough to experience involuntary unemployment such as redundancy or insolvency.

In such cases the insurance will provide a monthly tax free amount that was agreed at outset for a set period of time. Typically Unemployment Insurance will be combined with an Accident & Sickness Policy which like an Unemployment policy pays out a  monthly tax free amount that was agreed at outset for a set period of time if you becoming unwell rather than unemployed, due to accident or sickness.

Get a Unemployment Insurance Quote

Accident and Sickness insurance, which is very often an added feature of Unemployment Insurance, matches the need for short-term income to be used for repaying the mortgage each month, usually for up to two years.

This insurance will pay a tax-free monthly benefit, if you are unable to work due to an accident or sickness..

Get an Accident & Sickness Insurance quote

Permanent health insurance probably costs a little more than sickness and accident cover, but meets the need for long-term income replacement. A PHI policy will pay an income benefit to the policy holder during disability caused by sickness and injury. Benefit starts at the end of an initial waiting period that is usually tied in to an employers sick pay scheme . The benefit is payable until the policyholder returns to work, dies or the policy term expires, whichever is the earlier.

Get a Income Protection Quote