Product A example
| Covers |
Accident and sickness and unemployment. Separate life cover is sold to protect the mortgage. |
| Waiting periods |
30 days excess |
| Premium frequency |
Monthly |
| Premium calculation basis |
£’s per £100 monthly benefit. |
| Price |
Average £5.50 per £100 |
| Maximum benefit |
12 months for both unemployment and accident and sickness |
| Notable terms and exclusions |
N/A |
Other comments
Unlike most mortgage insurance products joint cover for more than one borrower is available.
It is often possible to cover more than just the monthly repayment. For example the monthly premium on the life cover to protect the mortgage can be included.
Often there are no exclusions for back complaints and nervous disorders.