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Payment Protection Insurance
Could you still support your family and keep your home if you lost your income through ill health, accident or unemployment?
At mortgageforce™ we believe that protecting your family and home is one of the most important financial decisions you will make.
When taking out a mortgage, you should review your home insurance arrangements.
It is very important to take the precaution of protecting yourself and your family against the risk of losing your home and if you are unable to work due to, accident, sickness and unemployment.
If you were to lose even part of your income, a previously affordable mortgage could become a heavy burden. State benefits are not as generous as they used to be and far fewer people are now eligible. If you need to claim, you could be in for a shock.
Payment Protection insurance provides monthly benefits in the event that you have time off work through sickness, unemployment or following an accident. You can take cover to protect you in each of these events, or you can select individual elements to protect, which provides for a cheaper cost of insurance.
Payment protection can be selected to protect you from the day of the loss of income occuring or else you can select a 30 or 60 day excess period, which can reduce the cost of the cover and can fit in with any benefits your employer may provide.
Your mortgageforce™ consultant will discuss the options and provide a quotation to match your requirements.
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