The Importance of Mortgage Protection...
We’re not here to sell you something you don’t need—we’re here to give you honest, practical advice. We’ll guide you through your options and help you decide what’s right for you and your family, so you can move forward with confidence knowing that you, your home, and your future are protected.
WHAT IS MORTGAGE PROTECTION?
Mortgage protection is a type of insurance designed to help cover your monthly mortgage payments if something unexpected happens—such as losing your job, becoming seriously ill, or passing away. It’s there to help protect your home and your loved ones from financial pressure during difficult times.
It’s not always required by your mortgage lender, but it can offer real peace of mind, knowing that your home is protected no matter what life throws your way.
Types of Mortgage Protection:
Life Insurance
This pays out a lump sum if you pass away during the term of your mortgage. It’s often used to pay off the remaining mortgage so your family or loved ones can stay in the home without worrying about repayments.
Critical Illness Cover
This pays a lump sum if you're diagnosed with a serious illness (like cancer, heart attack, or stroke). It can be used to repay your mortgage or help cover living costs while you recover.
Income Protection
If you’re unable to work due to illness or injury, this type of cover pays you a regular income—helping you keep up with your mortgage payments, other essential bills and maintain your lifestyle until you can return to work.
Mortgage Payment Protection Insurance (MPPI)
This specifically covers your monthly mortgage payments for a limited time (usually up to 12–24 months) if you're made redundant or unable to work due to illness or injury.
Do I Need Mortgage Protection?
It depends on your situation, but it’s worth considering—especially if you have dependents or if losing your income would make keeping up with payments difficult.
At CJ Mortgage Hub, we’ll talk through your options, explain what each policy covers (and what it doesn’t), and help you find the right level of protection for your circumstances and budget.
