What are the differences between an unemployment insurance a loan payment protection insurance and a mortgage payment protection insurance?

Unemployment Insurance:

This unemployment insurance (as income protection) covers a percentage of your income and is paid directly to you and you choose how to spend it. Our unemployment insurance is an income insurance policy but we also provide mortgage protection insurance policies both based on your income. Income protection can provide for a loan as well as your other regular outgoings. You simply decide on the proportion of your income to cover within the limits allowable. Mortgage protection can help pay your monthly mortgage with the option to add other mortgage related costs to your cover.

Traditional loan protection insurances

Traditional loan protection insurance policies tend to be limited only to the amount of your monthly loan payment. Such policies are generally tied to the loan so once the loan has been repaid, the loan protection insurance must cease.

With our income protection insuance, you can add a loan repayment to the calculation when deciding on the level of cover but the insurance is not tied to the actual loan. This means that you can keep the insurance going even after the loan has been repaid.