Mortgage and Income Protection FAQ

Q. I have had my mortgage for over 12 months, can I start a Mortgage Payment Protection Plan now?

A. Yes, you don’t have to take out the MPPI at the start of your mortgage.

Q. We have a joint mortgage, but as I am the main earner, can we insure just the main income?

A. Yes. It is possible to insure just one income, this obviously only pays out if anything happens to that income.

Q. How much should I expect to pay?

A. Premiums vary between individuals. They are affected by gender, hobbies, occupation, age, health and whether you are a smoker. The premiums will also differ greatly between companies, so make sure you shop around!

Q. I have suffered with a stroke approximately 2 years ago, will I be able to get Income Protection Insurance?

A. Yes, you will be able to get cover. However, when filling out the application you must declare your health history and you will find that insurers will not cover you for pre-existing health problems or any illnesses which are a direct result of pre- existing conditions.

Download the Mortgage and Income Protection PDF Guide here - see our other free PDF guides here

Guide Contents

Mortgage & Income protection plans
What Is a mortgage payment protection (MPPI)?
What is an income protection plan (PHI)?
Different types of income protection insurance
Where to get your insurance cover
Applying for your MPPI or your PHI
Mortgage and income protection FAQ
Where to get further help on mortgage and income protection

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