Why mortgage clients need income protection
'The risks for going off work sick are far higher than dying or becoming critically ill'
That far more life and CI cover is taken out by mortgage applicants compared to IP is a 'strange paradox'
Could it be possible that the protection industry might have made a mistake? What I'm talking about is the phrase ‘mortgage protection'. When you say the words ‘mortgage protection' what protection insurance do you instinctively think of? You're probably thinking of life cover? Critical illness cover? Or perhaps decreasing term assurance? These are all insurance products that provide a lump sum to repay the mortgage in full should one of the mortgagors die or suffer a critical illness during...
More on Income Protection
British Friendly removes day one and week one IP
Until further notice
LV= stops offering day one and week one IP
During COVID-19
Tracey Clarke: 'We regret cancelling our IP policy'
'One of the first things to go'
Do you remember Seven Families? Mental health video
'When physical health suffers, mental health can suffer too'
L&G tweaks IP due to coronavirus
‘Uncertain times’
