If you stopped getting an income due to being out of work, could you afford to pay your mortgage? If your answer is no, you should consider a mortgage protection policy.

Mortgage payment protection insurance (MPPI) will pay you a monthly income for a set term if you cannot work, e.g. 2 years.

Most insurers let you choose a payout that matches your monthly mortgage repayments. Some insurers also let you add cover for your bills, for example an extra 25%.

What cover can you choose?

When you apply for mortgage protection, you can choose from three types of cover:

  1. Accident and sickness

  2. Unemployment

  3. Accident, sickness and unemployment

You can get an income paid to you for a set term, with most policies offering a payout term of up to two years.

If you would like a policy that pays out an income for a longer term, get quotes for a standard income protection policy instead.

How much does it cost?

The price of income protection is affected by:

  • Your age

  • Your health, including any pre-existing medical conditions

  • Your type of job

  • The payout you choose

When you apply for a policy, make sure you give correct information about yourself. If you do not, your insurer may not pay out when you make a claim.

Complete our online quote form to find the cheapest income protection policy.