Applying for your Mortgage Protection Plan or your Income Protection Plan

Once you have decided on the right policy for you take extreme care when completing your application, as any incorrect information will lead to the policy being invalid. Insurance companies will investigate the information you give if you should ever want to make a claim.

Most Insurance companies will only provide a MPPI (Mortgage Protection Plan) or a PHI (Permanent Health Insurance) if you....

• are over 18 years old
• in permanent employment which has been continuous for at least 6 months
• are NOT aware of any impending redundancies
• declare all medical conditions, most insurers will not provide cover for income loss related to pre existing medical conditions

Premiums on your policy are calculated and maybe affected by the information that you give, such as:

• Age
• Gender
• Whether you smoke
• Hobbies
  Insurers WILL
  investigate your application if you
  make a claim.
• Health
• Occupation

Obviously, if you are a Lorry driver who is a heavy smoker and your hobby is sky diving, your premiums may be higher than someone who is a non smoker, works in an office and likes aerobics!

Remember.... ensure that all the information you give is correct and true as your policy will be void if you fail to declare relevant information.

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

Guide Contents

Mortgage & Income Protection Insurance Plans
What is a mortgage payment protection insurance (MPPI)?
What is income protection insurance or permanent health insurance - PHI?
Different types of income protection cover
Where to get your insurance cover
Applying for your Mortgage Protection Plan or your Income Protection Plan
Income Protection Plan - Mortgage Protection Plan FAQ
Where to get further help on mortgage protection advice

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