What is this mortgage payment protection policy designed to do? This mortgage payment protection insurance policy is designed to offer protection for your monthly mortgage payments and related expenses by providing claims benefits if you are unable to work due to unemployment or incapacity.If you do not truthfully provide all the information we ask for on your application form or when you claim. If you commit suicide in the first 24 months of the plan. (Time period may vary, please check the individual Life assurance company literature) Further details of what is covered, and any limits to the cover are provided in the Technical Guide provided by the on-line quotation facility. You can download copy of these.
What if we never need to file a claim on the policy, do we get our money back? A: Some of the programs we offer provide the option of a complete return of premium at the end of the policy term.
Q: Do you offer discounted life insurance policies? A: No. It is illegal to offer a discount to induce someone to buy a life insurance policy; however, you do not need a discount if the regular cost of the policy is low enough. We offer some of the lowest mortgage protection life insurance rates available in the United States.You can claim for unemployment under this mortgage payment protection insurance policy in the circumstances detailed in Section 7 of the policy document.The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan. Mortgage protection policies are generally available to cover a range of mortgage repayment periods, e.
What if I am not sure whether this product is suitable for me? If you have any doubt about whether Mortgage Protection Life assurance is suitable for your circumstances, please read our ""Find Out More"" section from the ""Life Assurance"" tab on our home page.This mortgage payment protection insurance policy provides claims benefits, subject to you being eligible, for a maximum of 12 months, provided that your incapacity of unemployment has not ended, or the mortgage payment protection insurance policy has not reached its End Date.
When can I claim for unemployment? You can claim for unemployment under this mortgage payment protection insurance policy in the circumstances detailed in Section 7 of the policy document.Some of these benefits are optional such as Waiver of Premium Benefit and Indexation. If required, they must be chosen at the start of the plan and there may be an additional cost. For full details see the Life Assurance companies literature You can choose to include Waiver of Payment benefit.
Can I make multiple claims under this mortgage payment protection policy? Yes, it is possible to make more than one claim under this mortgage payment protection insurance policy. Full details are explained in Section 11 of the policy document.The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan. Mortgage protection policies are generally available to cover a range of mortgage repayment periods, e.g.
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