If you are buying a product then of course you want to learn everything there is to know about that product, and when it comes to mortgage protection this should be especially so. Mortgage protection insurance is a valuable product that could help to save the roof over your head if you should find yourself out of work but only if you understand the product and have ensured that the policy is right for your circumstances.
Mortgage protection can only work for you if you buy it properly after reading the small print and the key facts regarding a policy. Exclusions will vary slightly from provider to provider but the premiums vary vastly and it is essential that you go to a standalone provider and let them quote on the cover for you.
Many homeowners find that they are forced in to taking their lenders policy at the time that they take their mortgage, but, historically, this is the most expensive way to buy your cover. You can shop around for it and shouldnt be forced in to taking your lenders mortgage protection cover.
Mortgage protection insurance an give you a lump sum of money each month which is tax free and which you can use to ensure that you keep...