Safeguard The Roof Over Our Head With Mortgage Protection Cover
No one can predict what will happen in the future but at least when it comes to something as important as the roof over your head you can safeguard against the unknown. Mortgage protection cover is taken out to insure against the possibility that sometime in the future you might find yourself having time off work after suffering from an accident, illness or if you should become unexpectedly redundant.
Suddenly finding yourself without an income would mean you could be left struggling where to find the money to make your mortgage repayments each month. Even if you have savings these would dwindle rapidly if you should be out of work for any length of time, you cannot rely on the State to step in and help as the help they do give is very little.
Mortgage protection cover could give you an income which would be tax free once you had been out of work for a specific amount of time. The waiting period can be anywhere between day 31 and 90 after the event and the majority of good quality policies will be back dated to the first day of coming out of work and then continue for between 12 and 24 months....
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