Mortgage and Lifestyle Protection
Long-term accident and sickness cover that pays out until your client is able to go back to work.
Mortgage & Lifestyle Protection is a superior mortgage payment protection product and provides accident and sickness cover with the option to add unemployment cover.
Accident and Sickness Cover
When your client takes out Mortgage & Lifestyle Protection, they’ll be covered for long-term accident and sickness – not just 12 or 24 months like traditional MPPI.
We’ll pay out if your client cannot do their own job due to an accident or sickness, right up until they are to return to work or the end of the plan term.
Unemployment Cover
Your client can include unemployment cover to their plan whether they’re employed or self-employed.
If they’re employed, and their employer makes them involuntarily unemployed, they can claim under this cover.
For the self-employed, unemployment cover will pay out if they are declared bankrupt or if their business becomes insolvent or goes into liquidation.
Unemployment cover pays out for a maximum of 12 months for each claim and for a total of 36 months possible over the life of the plan.
Unemployment cover will match the accident & sickness cover chosen and cannot be taken on it's own.
Who can apply for Mortgage & Lifestyle Protection?
- Your client needs to be permanently living in the UK
- Aged 17-65
- Either employed or self employed
- The premium is at least £10 per month
- The plan lasts at least five years