Mortgage Payment Protection Insurance

How would your clients continue to meet their mortgage payments if they were unable to work due to an accident, sickness or unemployment?

Underwritten by Aviva Insurance Limited, our MPPI product is called MortgageProtector and is designed for new mortgage borrowers (those whose mortgage agreement, or re-mortgage agreement has been in force for 30 days or less).

MortgageProtector helps your clients to continue to meet their mortgage payments, in the event of:

• Involuntary redundancy
• Having to register as a carer for an immediate family member
• An accident or sickness (disability) that prevents them from working.

Cover at a glance

• Up to £3,000 monthly benefit, subject to a maximum of 75% of gross monthly income
  Please note: The maximum monthly benefit amount your client can select will be their monthly mortgage repayment, plus related insurance premiums, plus an additional 33% on top of this amount, subject to the above limits
• The option to defer the first 3 or 6 months premium payments
• Full Accident, Sickness & Unemployment, Accident & Sickness only and Unemployment only cover options available

What’s not covered

As with all insurance policies there are certain circumstances when your client will not be able to make a claim, known as exclusions. Some examples include

• Claims relating to pre-existing medical conditions are excluded. Your client cannot claim for any pre-existing medical condition which they knew about, or should reasonably have known about at the policy start date, or which they had seen or arranged to see a doctor about during the 12 months immediately before the policy start date. This will not apply if they have been symptom free, have not received treatment or consulted a doctor about the condition in the 12 months before the start of their accident or sickness claim.
• Self inflicted injuries, cosmetic surgery or drug or alcohol abuse
• Back conditions, or mental or nervous disorders such as stress