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Maurice Said:

advice with mortgage payment protection insurance (sickness ,redundancy,and unemployment cover)?

We Answered:

think about wage protection that cover your actual wage.

Agnes Said:

Do you think this is a bad time to try and start selling insurance?

We Answered:

It is a bad time to make any money selling insurance. But it might be the perfect time to break into the business. For the first time in years, the companies have time to properly train you. So that you are ready to make some money when the economy improves. You will have to have enuf money to get thru the bad times.

The normal insurance is probably a better avenue than "final expenses" since money is tight.

Dustin Said:

mortgage payment protection insurance question?

We Answered:

A mortgage life insurance policy offered through your lender is a group term policy that pays using EITHER an amortization schedule OR by using the outstanding balance at the date of death, minus outstanding late fees.

Mortgage disability polices typically pay the monthly amount due to the lender. These policies only pay up to a certain number of months, such as 24, 48 or 72 months. Benefits end when the disability ceases or the maximum benefit is paid.

Premiums will vary according to age, but are not adjusted according to health. Typically, if an applicant has any health conditions, the coverage is declined.

Mortgage unemployment insurance is available, but very few insurers are willing to cover this any more. Ask your mortgage lender if this is available.

One thing to keep in mind is that the mortgage company is the beneficiary of any proceeds paid due to death or disability. These policies do not provide income directly to you. If you want income in the event of such a loss, speak with an agent and get quotes for a term life policy and/or disability income policy.

I hope this helps.

David Said:

Is PMI (mortgage protection insurance) a scam?

We Answered:

PMI is paying off on all these foreclosures. And in doing so it is often the savior to the defaulting borrower for the bank to not seek more money from them after liquidating their property. PMI is not a scam

Ramona Said:

UK Mortgage Protection - is it worth it?

We Answered:

I think the moneysaving expert web page will help you make a decision

It specifically manetions self employed and the conditions attached.

It is certainly very highly regarded and impartial

Lisa Said:

where can i get insurance in the uk for buildings and contents, critical illness, and mortgage protection?

We Answered:

It is difficult to say the exact figures without knowing the amount of life cover, if it is going to be joint or separate and the amount of critical illness cover to be included.Try using a broker and then you will find out which one is the cheapest. Not every insurance company comes up of comparison sites as they do not want to deal with customers direct at the selling stage.