Mortgage Protection Assurance

by | Jul 14, 2013 | News | 0 comments

  • Mortgage Protection Assurance is a lump sum benefit in the event of death, serious illness or both.
  • Cover decreases each year in line with the mortgage.
  • Optional benefits usually do not apply.
  • Cover is in line with the term of the mortgage.
  • Costs should be kept in line with the mortgage as payment of the mortgage is paramount.  Paying extra would be advised to ensure mortgage is covered.
  • Costs vary by age, smoking status and policy term.
  • Premiums and cover are guaranteed.
  • No tax relief on premiums and no tax on benefit.