Mortgage Payment Protection Insurance (MPPI) offers financial protection to cover your mortgage payments and mortgage related expediture, for up to 24 months should you be unable to work due to accident, sickness or unemployment, or if they leave work to become a full time carer (please note that unemployment cover is for a maximum 12 months only).

Overview

• Type of cover - Accident, Sickness and Unemployment (ASU) or Accident and Sickness(AS) or Unemployment only (U).
• Maximum monthly benefit - Up to a maximum of £2000 or 75% of gross monthly income, whichever is less.
• Benefit period - 12 months or 24 months.
• Can be on a single or joint basis.
• Qualification Period - from 30 days, 60 days or 180 days
• Cost of Premiums* - ASU-£5.53, AS-£3.16, U- £5.15, Prices per £100 of cover and include IPT at the current rate.

(*these premiums are based on 180 day excess period with benefits payable over 12 months and are correct as of 01/05/2012)