Ant Mortgage Protection Insurance - for our customers

Many of our customers receive full pay followed by half pay for sickness and most of those are public sector workers. While you are receiving your usual salary (months 1-6) you cannot claim on the insurance. However in the second insurance period (months 7-12) when your pay drops to half, you can make a full claim on the insurance provided the half pay includes statutory sick pay (most employer's payments do but please check). This means that if you took your maximum protection of 75% of net income, you would also receive half pay from your employer making a total of 125% of your salary. The extra money may be useful to help pay for medication, taxi fares, nursing or child care etc. For more information about public sector workers please visit our FAQ Jargon buster via the left hand navigation bar and click on the letter P or click here and scroll down to 'Public Sector Workers'.

Our simple low-cost mortgage payment protection (click here) can bring peace of mind for you and your family. In the event of accident, sickness or unemployment you find yourself unable to work, our mortgage protection will provide the essential insurance help you need to help you pay your monthly mortgage repayments.

Mortgage payment protection will vary in price and the quality is not all the same. It seems that the banks and other lenders are continuing to over-charge customers for their own mortgage protection insurance, so it pays to seek out a standalone provider that can provide the insurance at a fraction of the price. To check how much you can save on your insurance premiums simply click on the quick quote and enter your details. Mortgage payment protection insurance does not have to cost the earth. We estimate that if a mortgage holder who has a typically priced lender’s own mortgage protection insurance policy, were to switch to Ant insurance, the borrower could save the equivalent of half a percent off their mortgage rate. If there was any figure that demonstrated the savings that can be gained by switching insurance providers, this is surely it. Why keep your lender provided mortgage protection insurance when you can switch and save up to 90% on your premium?

It is a fact that most workers in the UK return to work within three or six months so it may suit you to take our mortgage payment protection insurance that pays out for three or six months per claim rather than the usual twelve months protection per claim. This way you can more easily afford our mortgage protection cover and have it pay out for the number of months you need rather than the number of month dictated to you by your lender. Because this is an income protection insurance that maintains your income, the insurance payments are made directly into your bank and it is up to you how you spend it. Payments are not made directly to your mortgage provider as in many mortgage payment protection insurance policies on the market.

Income protection insurance is not tied to any mortgage or loan, it simply replaces the income you would have received from your employer with payments from the insurance. If you want to cover just the amount of your mortgage, that is absolutely acceptable, simply apply for the amount that corresponds to your monthly mortgage. You do not need to provide evidence of the existence of your mortgage; in fact you do not need to have a mortgage, just an income. A substantial number of workers do not have a mortgage but their home is as important to them as a mortgage holder. Income protection insurance enables workers to cover the amount they are paying in rent and they may add any extras such as loans, credit cards and utility bills to the final amount they cover. Protection insurance is no longer exclusively available to mortgage holders; people in rented accommodation can enjoy exactly the same benefits.

Whether you are a mortgage holder matching your mortgage payment only or a tenant matching your rental payment only, please remember that if you lose your income, you will still need to live and the payments you will need to make will exceed your mortgage or your rent. In other words if you take insurance to cover just your mortgage payment and nothing else, you will still have to find the means of paying for your other monthly outgoings. It can be extremely useful to ask yourself who would pay your additional expenses over and above your mortgage payment if you lost your income. The reality is that you might struggle to make ends meet even though your mortgage payment expenses are covered. You might well conclude you would need to cover more than just your mortgage and if so, you can top up your mortgage protection insurance to cover up to 75% of your net monthly income. However there is a top ceiling of £2000 on this insurance cover, so we cannot provide protection insurance for any amount greater than £2000 per month. For a mortgage payment protection our quick quote will instantly provide you with your premium.

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