|I want a short term mortgage income replacement policy that will pay benefits for up to 12 months.|
|I want Mortgage protection life insurance|
|I want a long term mortgage income protection plan|
There are numerous Mortgage loan protection policies available however the cheap mortgage protection insurance policies are not always the best. The main difference between mortgage protection plans is usually the initial unemployment exclusion period.
For those aged under 35 our cheapest mortgage protection policy is underwritten by Cardiff pinnacle. The accident and sickness only rate starts from £1.16 with an initial unemployment period of zero days. However this policy is only available for new mortgages. For those aged over 35 we recommend the Paymentshield mortgage protection policy, with rates starting at £2.00.
Policies which combine protection and mortgage usually have a number of features in common. The initial unemployment exclusion period is usually Zero days for existing mortgages but can be as high as 180 days for new mortgages. This differs from stand alone income protection plans where the lowest initial unemployment exclusion period is likely to be 60 days.