What is Mortgage Protection?
This is a type of insurance that is designed to pay your monthly mortgage amount in the event that you are unable to work due to one of three reasons, namely Accident, Sickness or Unemployment. (More commonly known as "ASU")
It can also be used as a stand-alone policy that does not necessarily require you to have a mortgage, as it can also be used to cover things like rent payments, household bills, loans or credit cards.
Why have Mortgage Protection?
Nobody wants the unthinkable to happen; however having this protection in place will allow you to get back on track without the additional worry of life’s on-going demands to pay monthly bills.
These plans are designed for anyone that is employed or self-employed that has a mortgage, on either a repayment or interest only basis. There are various plans you can take out which our experts at JF Financial Associates are able to advise you on, each being calculated on percentage of your monthly income and offering differing benefits.
Why use a Broker for Mortgage Protection Needs?
Still not sure if Mortgage Protection is for you, if you answer No to any of these questions, you may want to seek further professional advice from one of JF Financial Associates mortgage and insurance advisors in Norwich
- If you found yourself unable to work, could you still pay all of your monthly outgoings?
- Do you have sufficient money in savings to cover your bills for more than a couple of months?
- Could your partner or family afford to pay your mortgage each month if you couldn’t?
- If you are made redundant, would the payout cover your expenses until you find a new job?
Don’t delay, give one of our experienced JF Financial Associates Insurance Brokers a call today on 0845 508 8588
Rest assured JF Financial Associates will never sell you something you don’t want. We offer impartial advice on what you need!
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk