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Mortgage Payment Protection Insurance

Aug 6, 2008
What are the exclusions for unemployment? The unemployment exclusions for this mortgage payment protection insurance policy are fully explained in Section 8 of the policy document.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. This information is fully explained in Sections 5.

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.A: No.

Why do I need to make this decision today? A: If you are a busy person, then THIS is right the right time to protect your family and their home. LIFE is what happens when you're making plans, so be prepared for the GOOD as well as the BAD. Once you spend the few minutes necessary to get the information and rates you want, you and your family can be protected. Q: I thought the my mortgage lender made me buy this insurance so I would qualify for the loan.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., 15, 20, 25 or 30 years. Although the face amount decreases over time, the premium is usually level in amount.If you do not truthfully provide all the information we ask for on your application form or when you claim.

What are the exclusions for incapacity? The incapacity exclusions under this mortgage payment protection insurance policy are fully explained in Section 6 of the policy document.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.Some of these benefits are optional such as Waiver of Premium Benefit and Indexation.

Will I have to take a medical exam? A: Some of the programs we offer do not require a medical exam from most applicants, and others will cover ALMOST everyone. Besides, it doesn't cost anything to get information.A: If you are a busy person, then THIS is right the right time to protect your family and their home. LIFE is what happens when you're making plans, so be prepared for the GOOD as well as the BAD. Once you spend the few minutes necessary to get the information and rates you want, you and your family can be protected. Q: I thought the my mortgage lender made me buy this insurance so I would qualify for the loan.

When will the plan not pay out? 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.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.
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