What is mortgage payment protection insurance?
Mortgage protection insurance is designed to protect you and your loved ones should you experience a loss of income or if something should happen to you. It provides a much needed income if you can no longer act as the breadwinner for your family.
There is much more to insurance than simply selecting the term and amount and, the myriad options can make it difficult to choose the right policy. At Derngate Wealth Management we can take the time to help you make sense of mortgage protection insurance and help you find the right plan for your circumstances. We can also customise a basic insurance plan with additional features that cover any specific financial concerns you might have, such as a potential loss of income from critical illness.
Derngate Wealth Management's financial and mortgage advisers offer comprehensive mortgage protection advice for those looking to ease their worries about the future. With such uncertainty around job security, we can help you take control of your mortgage and give you peace of mind over the future of your finances.
At Derngate Wealth Management we are independent financial and mortgage advisors who have access to the whole market. We can offer friendly and impartial advice about a wide range of insurance products.
Critical illness cover
House and Contents insurance
It’s a common misconception that the state will provide an income in the event of long-term sickness. However, this is not the case and many people overestimate the benefits provided by their employer. Income mortgage protection will provide an income in the event of long-term sickness and can also help make sure that you do not fall behind on your mortgage repayments and are able to maintain your current lifestyle for you and your family.
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income.
For free and impartial money advice from the government, you can visit the following website: www.moneyadviceservice.org.uk.