Mortgage Payment Protection Insurance Basics

Attention!Did you know...

mortgageprotect is administered by MMS and is underwritten by Lloyds of London, one of the most financially stable and established insurance markets in the world-giving you complete peace of mind.

With all insurance policies some limits and exclusions may apply. For more information please review our Summary of Cover

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In the current climate, it’s more important than ever to ensure that you and your family have financial protection.

Did you know that the Confederation of British Industry (CBI) has forecast unemployment to break the 3,000,000 mark in 2009? That equates to one in every ten workers in the UK – a terrifying number. The chances are more than one of your friends will be made redundant in the next year. Could you be another one of these poor unfortunates? If so, how would you pay for your mortgage?

If you’d rather be safe than sorry then take a look at our mortgageprotect policy.

mortgageprotect is designed to take care of your monthly mortgage payments and related outgoings in the event that you are unable to work after an accident, if you fall sick or lose your job..

With mortgageprotect you'll benefit from:

  • Peace of mind for less - mortgageprotect starts from £3.00 per £100 of full cover*
  • A fixed monthly benefit for up to 12 months while you find another job or recuperate.
  • Cover up to 125% of your monthly mortgage payment - benefits paid directly to you, tax-free.
  • A return to work benefit if you receive less than your usual basic salary from your employer.
  • Money back guarantee – if you change your mind within 30 days, don’t worry, we’ll give you a refund providing you haven't made a claim.

Here's to providing you with a great deal on your mortgage payment protection insurance!

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* This rate can be achieved by customers aged 18-30 (our research indicates that 27% of people who typically buy mortgage protection fall within the 25-29 year old age band), 30-day excess, with an initial exclusion on unemployment cover of 60 days for new borrowers and 90 days for existing borrowers. Other conditions may apply.

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