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What is Mortgage Life Insurance?
Also known as Mortgage Payment Protection Insurance or MPPI for short. It is a variation of ASU cover (Accident, Sickness & Unemployment Insurance) which is directly linked to your mortgage and will pay you a tax free monthly amount to help cover your mortgage should you be unable to work due to an accident, sickness or being made redundant.
Why do I need Mortgage Life Insurance?
Well it’s a bit of an obvious one but what would happen if you where involved in an accident or became sick and was no longer able to work or was made redundant?
Could you and / or your family continue to pay your mortgage whilst you are off work and without your income?
Most employers will only pay you a maximum of 4 weeks sick pay and then you must rely on state benefits for your income so if you own your own home and have a mortgage on it then it could be a very wise decision to protect your re-payments with a Mortgage Life Insurance Policy.
What if I have some questions regarding Mortgage Life Insurance?
Please visit our FAQ’s section which contains many of our most frequently asked questions regarding life insurance. If you can’t find what your looking for there then after filling in our form you can simply speak to one of our qualified and friendly advisors who will be more than happy to answer any questions you may have. This advice will be free and impartial.
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