Let's compare mortgage protection insurance
A home is likely be the biggest investment you will make in your life. You’ll work hard to be able to buy it, maintain it and pay off the mortgage each month so it’s really important that you have protection in place to make sure you can keep paying your mortgage and keep your home, should the unexpected happen.
There’s the chance that you of your partner could be made redundant, or worse, one of you become unwell or injured in an accident so you can’t work for an extended period of time. Without your monthly income you may not be able to pay your mortgage each month which could mean your home is repossessed. Even if you have savings set aside, these could quickly disappear without any money coming in.
We know it’s not a nice thing to think about, but it’s important to plan for, especially if you have monthly financial commitments, children to support and bills to pay.
So what policies are out there to help protect you and your family? We’ve put together the following answers to some questions often thought but rarely asked about Mortgage Protection.