'COVERING MORTGAGES, LOANS AND RENT. UNEMPLOYMENT COVER FROM £2.35 per MONTH per £100' (Premiums will depend on individual circumstances)

Mortgage Payment Protection Insurance

Mortgage Payment Protection Insurance (MPPI) is designed to cover the amount you pay for your mortgage each month and can include your Home Insurance payment and your Life Cover payment. You can also have extra cover of up to 25% of the combined total of your insured commitments. You can also include your monthly loan commitments.

The maximum monthly benefit you can insure is £2,000.00 or 65% of your monthly income, whichever is the lower.

Mortgage Payment Protection Insurance - Example 1

I have a mortgage and a loan.
J P Jones earns £2,700.00 PCM
65% = £1,755.00
Maximum allowable is £1,755.00 PCM

Payments PCM
Mortgage Payment £520.00
Home Insurance Payment £36.00
Life Cover Payment £44.00
Loan Payment £400.00
Total £1,000.00
+ 25% £250.00
Total Amount Insured £1,250.00
Cost of Unemployment Only with a 30 day Excess is £34.38