Mortgage protection

You and your loved ones should be protected if you are unable to pay your mortgage. You have a commitment to make mortgage payment for a number of years to come and no one knows what will happen in the future. It is therefore prudent to insure against not being able to make your mortgage payments. There are a variety of mortgage protection products available. Here is a brief explanation of the main protection products:

 

• Mortgage Protection insurance – pays off a repayment mortgage in the event of death
• Level term Assurance – pays off an interest only mortgage in the event of death
• Mortgage Payment Protection – covers mortgage payments for up to 2 years if you are unable to work due to sickness and unemployment
• Mortgage Payment Protection – provides a monthly tax free income when you are unable to work
• Critical Illness- provides a lump sum on diagnosis of certain serious illnesses