What is Mortgage Protection Insurance

Mortgage protection insurance is group of insurance policies designed to take care of your mortgage when something unexpected happens to you.

Mortgage Protection is an insurance taken out on the mortgage borrower (you, the person who is responsible for repaying the mortgage).

If the borrower for some reason cannot meet their obligations of paying the mortgage to the bank, the mortgage protection policy will take care of those obligations.


What is redundancy insurance

Redundancy Insurance Protection is an insurance policy that will pay you a monthly income if you get made redundant from your job.

It will not pay you if you get fired, or decide you don’t want to work anymore, you must get made redundant to be able to make a claim.

If you took out Redundancy Insurance at some point in the past and you are made redundant, the insurance company will start paying you money at the beginning of every month to help keep you afloat financially until you get another job.