Lighthouse Financial Services Ltd

Why take out MPPI?

Mortgage protection insurance (MPPI), is designed to pay an amount equivalent to your monthly mortgage repayments in case you are unable to work due to an accident, sickness or unemployment. It is suitable for those who would struggle to meet their repayments if they were out of work, those that are self-employed and anyone who does not have another insurance policy in place to protect them against a loss of earnings. Though state benefits are available, you normally have to be incapacitated or unemployed for a prolonged period before this support begins. By contrast, mortgage protection (MPPI) is usually offered on a short-term basis, typically for 6 - 24 months.

There are several options!

There are several options available:

• Accident, sickness and unemployment insurance
• Accident and sickness only
• Unemployment insurance only

MPPI can be used for both repayment mortgages and interest-only mortgages, and you may also be able to add on additional cover such as for other household bills and indemnities.

Why use an adviser?

Terms and conditions need to be looked at carefully to look for things like exclusions (circumstances in which you will not be covered) and wait periods (the length of time you will have to wait before you are eligible to claim and receive a payout). As independent advisors we can assess your financial needs as a whole and make sure you get the right protection.

Other insurances from Lighthouse Financial Services

Lighthouse Financial Services Ltd can also provide advice for:

Household Insurance

For Mortgage Payment Protection Insurance and Household Insurance we normally provide cover from a limited number of providers.