Shepherds Friendly : Mortgage Payment Protection Plan

Product profile

Description

If an accident or sickness prevented you from working, any sick pay you receive may only cover you for a limited period, while the mortgage and other related household bills may go on mounting up. 
 

For

• Aged 18 to 59
• The self-employed and employees

Maximum amount payable

• £2000 per month
• 60% of monthly income or net profit
• 150% of monthly mortgage costs

Period of cover

• Minimum five years

Basis of cover

• Premium is age based
• Normal occupation

Benefits

• You choose the amount

Options

• 100% of mortgage costs
• 150% of mortgage costs
• Deferred period; 4/8/13/26/52 weeks

Not Covered

• Cosmetic surgery

• Taking part in dangerous activities 

 

Last updated: 18 October 2010