Short Term Income Protection Plans
Mortgage Payment Protection
Mortgage payment protection insurance is designed to pay your mortgage commitment in the event of Accident Sickness or Redundancy. Mortgage payment protection is also known as MPPI, Payment Protection, ASU and Accident Sickness Insurance. This policy will cover your residential mortgage but does not cover buy to let mortgages. You can insure your mortgage payment plus extra to cover other regular monthly commitments. The additional amount offered depends on the insurance company. The insurance can pay out up to £2000 per month, depending on the provider.
Rental Payment Protection
Rental Payment Protection insurance is designed to pay your Rental commitment in the event of Accident Sickness or Redundancy. Rental payment protection is also known as Payment Protection, ASU and Accident Sickness Insurance. You can insure the rental payment plus extra to cover other regular monthly commitments. The additional amount offered depends on the insurance company. The insurance can pay out up to £2000 per month depending on the provider.
Loan Payment Protection
Loan Payment Protection insurance is designed to pay your Loan commitment in the event of Accident Sickness and/or Redundancy. Loan payment protection is also known as Payment Protection, ASU and Accident Sickness Insurance. This policy usually covers the amount of the loan payment only but some providers will offer up to 25% extra to cover other monthly commitments. The insurance can pay out up to £1000 per month.
Income Protection
Ideal for those without a mortgage, rent or loan. Income Protection Insurance will pay out a fixed monthly sum in the event of Accident, Sickness or Unemployment. It is designed to replace your income and will ensure your monthly commitments are met and your family are protected if you become unemployed or unable to work due to accident & sickness. Policies will pay out for a maximum of 12 or 24 months. You do not need to have a mortgage, rental agreement or loan agreement to be eligible to take out this policy.
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- Income Protection Insurance
- Accident Insurance
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- Accident, Sickness and Unemployment Insurance
- Income Payment Protection Insurance
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