Mortgage Protection Assurance

• Mortgage Protection Assurance is a lump sum benefit in the event of death, serious illness or both.

• Cover decreases each year in line with the mortgage.

• Optional benefits usually do not apply.

• Cover is in line with the term of the mortgage.

• Costs should be kept in line with the mortgage as payment of the mortgage is paramount.  Paying extra would be advised to ensure mortgage is covered.

• Costs vary by age, smoking status and policy term.

• Premiums and cover are guaranteed.

• No tax relief on premiums and no tax on benefit.