Mortgage Payment Protection
Help to pay your mortgage each month if you can't work because of an accident, sickness or unemployment, for a limited period.
A waiting period, an excess period, a limited benefit period and exclusions apply. See Important things to know.
What it is
Mortgage Payment Protection is an insurance policy that can pay a monthly amount towards your mortgage if you're unable to work because of an accident, sickness or unemployment. A waiting period, an excess period, a limited benefit period and exclusions apply.
Who it may suit
- People with a mortgage who would struggle to keep up repayments if their income stopped.
- People without much in savings or sick pay from an employer to fall back on.
- Employed or self-employed people who want a safety net for a set period.
What it doesn't do
- It doesn't pay off your mortgage.
- It doesn't pay out forever — benefit is paid for a limited time per claim.
- It doesn't cover conditions or circumstances excluded in the policy, such as health conditions you already have.
- It isn't life insurance and doesn't pay out on death.