AXA : Protection Account-Mortgage Protection cover

• Pays a regular monthly amount if you are unable to work due to illness or injury and suffer a loss of earnings as a result
• Designed specifically to protect your mortgage payment and related mortgage expenses rather than your regular income

• Aged 18 to 59
• Employees, self employed,part-time workers,  and housepersons
• All at least 5 years away from retirement

  
   

Maximum amount payable

• 150% of monthly mortgage payment
• 30% of earnings
• £1500

• Normal occupation
• Minimum cover period 5 years
• Limited cover for those not in full time work
• Proportionate cover
• Rehabilitation cover
• Hospitalisation cover
• Payment Protection Cover

Benefits

• You choose the amount
• Guaranteed or reviewable basis
• No need to advise change of occupation
• Waiver of premium while benefits being paid
• Guaranteed option to amend cover on specified life changing events
• Helplines

Options

• Deferred period; 4/8/13/26/52/104 weeks
• Retirement age ; 50 to 65
• Index-linking