Income protection cover and redundancy insurance cover is simply put, income protection which offers borrowers the security of knowing that their essential repayments will be made if their life takes an unpredicted turn. For example, if you’re in an accident and are temporarily made immobile, a lack of comprehensive income protection cover could mean that you’re forced to rely on state disability benefits, around £70 per week, which won’t be enough to keep up your mortgage repayments.
Income protection cover plans, however, will provide you with a tax free monthly payment until you’re able to work once again. Other income protection plans even allow for cover up to retirement age. Please get in touch if you would like a hassle free income protection quote
Accident sickness and unemployment cover (ASU Cover)
Accident, sickness and unemployment cover can give you peace of mind of knowing that in the event of redundancy or illness your mortgage payments will be made and your home will be safe. Find the best value accident, sickness and unemployment cover with Ascot Mortgages – impartial advice you can rely on. There are many deals available throughout the UK. Our service can save you time, hassle and money when looking for accident, sickness and unemployment cover.
Nobody can predict what will happen in the future. That is why taking out suitable mortgage payment protection plan or mortgage life cover insurance can give you the security of knowing that if the unexpected happens, you are prepared for it. Many standard mortgages do not have any protection insurance included, so it is important to decide what kind of separate cover you will need. Accident, sickness and unemployment cover insures you against changes in your circumstances due to redundancy, disability, or illness. Usually these payments are made after 30 consecutive days of non-working, up to a maximum of 12 months.
Other types of mortgage protection insurance
If you would like to arrange a free consultation to help you understand which mortgage protection product will be right for your situation, including mortgage payment protection insurance, mortgage life insurance, income protection insurance and critical illness insurance cover, and any other options available please contact Ascot Mortgages – we are will be happy to explain things in a clear, unbiased and helpful way.
There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. This will typically cost £3 per month for every £100 of benefit. For impartial information about insurance, please visit the website at www.moneymadeclear.org.uk
Ascot Mortgages are an Independent “Whole of Market” UK Mortgage Broker. We are dedicated to providing the very best financial advice and the highest standards in customer service.
Please contact Ascot today, and you will be very glad you did.