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Accident and sickness only, unemployment only, and accident, sickness and unemployment combined. You can choose which is best for you, for example, your employer might provide a great sick pay package and so you might only be concerned with unemployment insurance. Alternatively, you might be self-employed and therefore can’t make yourself redundant, so may only want accident and sickness.

You can choose a sum that represents your mortgage amount or your total bills.  Most insurers allow you to cover 50% of your gross pay (before tax is deducted) but some will cover up to as much as 65%.

Again, you can choose between 6 months, 12 months and 24 months but 12 months is by far the most common.

It doesn’t.  The idea of this insurance is to take over when you’re sick pay ends. 

Some employers will provide you with your salary for a period of time when you’re ill, with some of the better packages paying you for up to 12 months.  Others have little or none, so you should check what your employer will pay you and for how long before taking out protection. The longer you receive the benefit, the longer the deferment period on your pay out can be which can help lower your premium you also need to consider some  policies may not pay out if you are still in receipt of your salary.

If you’re self-employed you have no benefits from an employer so Mortgage Protection may be something you consider.  

Our friendly advisers at Assured Futures understand that Mortgage Protection can be complicated and daunting, and they’re just at the end of the phone.  Call Freephone 0808 141 1332.

The cost will vary from person to person as insurance providers calculate these based on the level of cover you need, how much you need and for how long. Use our mortgage protection comparison service to compare prices and features to find the right cover for you.