Monday, 18 May 2009

Mortgage Protection - What is it and why do we need it?

There are a whole stack of reasons to protect your mortgage, the statistics in this Jump Life Insurance article give you details on critical illness and death that many of us do not want to know, but have to face up to sooner or later. Once you have looked at these if you require more assistance deciding if you can afford to have mortgage protection, contact Jump Life Insurance for more information or get an online quote.

One in four men, who are now aged 20, will not live to 65 years old
Source: Swis Re 2001

An Income Protection Insurance Policy pays you a tax-free monthly income during periods when you are unable to work due to long-term sickness, accident or injury. Read through the Jump Life Insurance article to help you decide what insurance policy to take out.

The State will not pay your mortgage in any case if you have over £8,000 in savings, and the mortgage was taken out after 1 October 1995
Source: Redmayne Consulting, 04.2003

The maximum State Disability Living Allowance is only £97.15 per week
Source: Redmayne Consulting, 04.2003

Four million people in the UK are currently claiming income support
Source: Office of National Statistics

Stress leads to a million claims for disability
Source: Financial Times, 03.2004

People are 19 times more likely to be off work for more than six months due to illness or injury than they are to die before the age of 65
Source: Department for Work and Pensions

Over 1,650 people die in Britain every day
Source: National Statistics Online 11.2003

Every week 6,200 people are killed or injured in road traffic car accidents
Source: Office for National Statistics

One in five adults have a mortgage with no associated life insurance (2.2 million nationally)
Source: Scottish Widows survey of 2,037 adults, 08.2005

Owner occupation is just under 70% in the UK and just under 80% in Ireland
Source: European Mortgage Federation, European Commission, 2000

Jump Money is a specialist in Mortgage Protection and is happy to answer any questions you may have related to Mortgage Protection Life Insurance, life assurance, term insurance and life cover. The company will strive to fit an insurance package to the exact criteria you need in order to help you avoid buying products you do not need as well as helping you fully understand your purchase. To find out more about how Jump Money can help you protect yourself and your belongings call now on 0844 4170894 or fill in an online quote form today.

No comments: