Playing It Safe With Uk Mortgage Payment Protection Insurance

Posted by Nick Niesen on October 29th, 2010

UK mortgage payment protection insurance is one of the best things to happen to the mortgage industry in the last few years. However, high street banks and lenders recognised an opportunity to make a profit when they saw one, and this often clouds the general public?s judgement of the product. Many dismiss UK mortgage payment protection insurance before probing into it as far as they should to see what it ca actually do for them.

UK mortgage payment protection insurance is a protective policy that will pay out for up to 24 months? if an individual is sick, injured as the result of an accident or involuntarily unemployed. All three situations would result in an individual being unable to work for a period of time and thus would jeopardise the financial security of a household in the ensuing months, if not years. It would certainly mean that it would be a struggle to keep up with mortgage repayments.

UK mortgage payment protection insurance will pay the mortgage and related bills, such as home and contents insurance, for the period of time laid out in the terms and conditions of the policy. Anybody over the age of 18 and up to the age of 64 is eligible for UK mortgage payment protection insurance as long as they work over sixteen hours a week. This ensures that the majority of main wage earners are completely covered, and it is often them paying the mortgage and related bills.

There are many advantages and benefits to having UK mortgage payment protection insurance. It is an essential product these days and is most definitely worth its weight in gold to those who need it. Even if you hope that you will never need to use it, UK mortgage payment protection insurance is worth investing in just in case.

Nick Niesen

About the Author

Nick Niesen
Joined: April 29th, 2015
Articles Posted: 33,848

Learn to Play Piano with Chords | Playing Piano with Chords
Learn the magic ingredient to piano playing in all styles: Chords! Discover easy ways to play and create the music you like.
Video Surgeon for Guitarists
Jumpstart Your Guitar Playing By 614% By Using What The Pros Use It'll Quickly Become Your Go-To Learning Tool
N°1 Top Internet Acoustic Blues Guitar Instructor
These 37 complete lessons encapsulate everything learned from playing as a professional blues player over the past 40 years, and contain everything you need learn to play old style blues guitar in exactly the same way.
Guitar Control | 3 Secrets to Killer Guitar Control by Claude Johnson
Choose our Killer Guitar Control Secrets course to learn how to master the basic skills and advanced playing techniques!
How to Read Ledger Line Notes
How you can read ledger line notes - easily and quickly. Multimedia ebook with proven memory aids for reading any ledger note on the piano. Free bonus ebook on playing music scales.
Zero Limits Music
Whether you just picked up the guitar, have been playing for a while, or your friends are impressed that you’ve mastered Guitar Hero!
Advertise Here