Is mortgage protection better with your provider?
(Please note: Antmortgageprotection.co.uk was created to provide the customer with further information surrounding mortgage payment protection insurance. However, if you are looking to find out about AntInsurance's mortgage protection product then please go to our award winning antinsurance main site.)
Mortgage protection policies can pay once your income from work dries up because of incapacity or redundancy. When this happens you have the advantage of knowing your insurance will take care of your monthly mortgage payments.
Mortgage protection insurance can usually be obtained from your provider but the rates they charge are uncompetitive when compared with those offered by the independent sector. Many mortgage holders are unable to afford the cost of the providers insurance so they either take no protection at all or they cover a lower amount to save on their payments.
We at Ant Insurance recognise that mortgage rates are high and that householders need to reduce their insurance costs to the minimum. Our mortgage payment protection rates can be up to 90% cheaper than insurance provided by the lender. This means that their customers get only one pounds worth of mortgage insurance for every in ten pounds they pay. Unlike such providers we do not over charge for mortgage insurance, so our payment protection represents considerable value for consumers.
Unlike other internet providers, we also supply mortgage payment protection insurance with shorter benefit periods. Providers never sell payment protection policies that pay for less than a year per claim, yet we know that most workers (63%) return to work within 3 to 6 months. If you believe it might take you a year to find another job if made unemployed, then a 12 month benefit period may suit you. However many of our customers tell us they have never been out of work for longer than two or three months and would find it easy and quick to find another job, so why to they have to buy a 12 month insurance policy.
This is why we introduced mortgage payment protection insurance with 3 or 6 month benefit periods. No all customers have the same needs so we at Ant Insurance provide mortgage protection for 3 or 6 month benefit periods as well as the usual 12. This enables customers to reduce their payments even further and we believe this helps mortgage holders for whom protection was previously beyond them, to take out the level of insurance they need at a price they can afford.