Mortgage Protection (Accident, Sickness & Unemployment) - frequently asked questions

What is mortgage protection?

Mortgage protection or commonly known as accident sickness and unemployment is a form of insurance where you can ensure your mortgage will continue to be paid even if you are unable to work through accident, illness or even redundancy.

What type of cover do I need?

You can choose exactly what you wish to protect yourself against. The policy can be for redundancy only or accident & sickness only or for redundancy, accident & sickness. Click here to obtain a free Mortgage Protection Quote from Jump Life Insurance.

How much cover do I need?

The maximum protection you can obtain is £1500 per month. You are restricted to 60% of your current income but this is paid tax free. We can help you to calculate exactly what cover you require. You can insure the full amount of your mortgage and mortgage related insurances usually up to 125% of your mortgage costs.

How long will the insurance pay out?

Policies can pay out for up to 24 months. You choose how long you want the benefits paid for at the outset when you speak to a member of the Jump Money team.

Are there any deferment periods?

Yes but again you choose how long you wish to wait before the policy starts to pay. This can usually be 30, 60 or 90 days but payments can be made back to day 1. The longer the deferment period, the cheaper the premium tends to be.

Who can take out a policy?

Anyone can take accident, sickness and unemployment who is currently earning an income, including the self employed.

Self employed people can be more at risk than an employed person as they won't receive sickness benefit from their employers.

What do I need to do next?

You can search our website for a quotation or you can contact one of our experts who will help you decide exactly what cover you need.

You can obtain a Mortgage Protection quote from Jump Life Insurance here