Do you need mortgage payment protection insurance?

• Covers the insured for a period of 12 months.
• Is optional with your mortgage.
• You must be permanently employed for 12 months to claim the unemployment benefit.
• The self employed who cease trading will require proof of ceasing business from the Inland Revenue.
• Contract workers need to have worked for greater than 12 months and have had their annual contract renewed.
• There is right to cancel within 14 days.
• Pre-existing medical conditions, stress and back ache may not be covered.
• The policy will not apply:
• If your under 18 or over 65 years of age.
• You work less than 16 hours per week.
• You are aware of redundancy or unemployment.
• You have an existing illness which must be covered.

Note

The opinions expressed in this article are those of the individual writers and are not representative of Insurur.co.uk.