| Have you ever thought of how you would meet your | | | | from specialist providers is the cost effective option. |
| mortgage repayments if you lost your job or if you are | | | | The borrower needs to research and weigh the pros |
| unable work due to an accident or a long illness? If you | | | | and cons of the policy before applying for it. |
| have not thought about this, it is time you did! Because | | | | Are you eligible for Mortgage Payment Protection |
| you have an excellent cost effective option to protect | | | | Insurance? |
| your home in such circumstances- Mortgage Payment | | | | You are eligible for Mortgage Payment Protection |
| Protection Insurance. | | | | Insurance if:oYou are over 18 years of age and under |
| What is Mortgage Payment Protection Insurance? | | | | 65 years of ageoYou have already availed a |
| Mortgage is one of the biggest financial commitments | | | | mortgage or will be taking out a nationwide |
| in a persons life. Mortgage Payment Protection | | | | mortgageoYou are employed and have been |
| Insurance is a sensible option for anyone who wants | | | | employed for the last 6 months. However you need |
| to protect their home from advent of unfortunate | | | | not be employed for 6 months if you are taking a new |
| circumstances. When you choose Mortgage Payment | | | | mortgage or a further advanceoYou will be living in |
| Protection Insurance you can pay your monthly | | | | United Kingdom permanently |
| mortgage repayments even if you are off work due | | | | However there are a few exclusions when Mortgage |
| to illness or you are unemployed. Mortgage Payment | | | | Payment Protection Insurance will not pay out. For |
| Protection Insurance from some companies also cover | | | | instance when you voluntarily leave your job because |
| building insurance. | | | | of misconduct or dishonest behavior or if you suffer |
| These policies require a Qualifying Period of around 28 | | | | from long term financial problems which dont display |
| days, which is a minimum number of days before you | | | | any realistic chance of recovery. Most homeowners |
| can claim against the policy. Once you qualify the | | | | who have a full time working partner or savings to the |
| insurance company you have applied with will pay you | | | | tune of £8,000 will not be able to claim |
| until you get a job or reach the maximum number of | | | | Mortgage Payment Protection Insurance. |
| months that the insurance company will pay out (which | | | | Life is full of uncertainties. It is difficult to imagine how |
| is generally for a year with exception of few | | | | you would cope with unemployment, accidents and |
| companies which will pay for two years). | | | | many other unfortunate circumstances. But you can |
| You might feel that Mortgage Payment Protection | | | | ensure that you sail through trying financial times with |
| Insurance with your mortgage lender is the logical step. | | | | Mortgage Payment Protection Insurance. Protect your |
| However most mortgage lenders charge heavily. In | | | | home and yourself with Mortgage Payment Protection |
| such cases Mortgage Payment Protection Insurance | | | | Insurance. |