The benefits of Mortgage Repayment Cover with Hamilton based Life Insurance Adviser Steven Senn.

Whether you’re thinking about taking out a home loan, or currently paying off your mortgage then mortgage protection insurance is definitely something you seriously need to consider says Hamilton- based Life Insurance Adviser Steven Senn.

If you’re taking out a home loan or wanting to pay off a mortgage, chances are that you would have heard of ‘mortgage protection insurance’.  Simply put, mortgage protection insurance is a form of income protection insurance with some additional benefits designed specifically with mortgage holders in mind.

“Despite what you may believe, all mortgage repayment Insurance policies are not created equal,” says Hamilton-based Life Insurance Adviser Steven Senn. It is important to make sure that you are getting the best value for your money.

Mortgage repayment cover provides financial support should you be unable to work as a result of sickness or injury. The monthly benefit paid, is designed to cover either mortgage repayments or a portion of your lost income and could also include a one off lump sum payment that varies depending on the type of injury / sickness or ongoing disability encountered. Most MRC policies will pay out some form of additional one off lump sum but not all are created equal.

It’s important to note that you can have mortgage repayment cover irrespective of your actual mortgage repayments and irrespective of any mortgage debt.

After taking the time to understand your unique situation, Steven will analyse the available market options to find the right mortgage repayment insurance that is most suitable for you. “I will take into account your criteria, needs and affordability to provide options that are price competitive while delivering robust cover for your needs,” comments Steven,

“I will then help you to get that insurance cover in place with the least possible fuss or hassle to you,” adds Steven. If in the future you have a claim Steven is here to help you through that process and lessen the pressure on you.

Putting in place mortgage repayment cover is one simple thing you can do to help ensure that no matter what happens to you, your home is secure. “Not only is protecting your income through getting mortgage repayment cover common sense, but it will also give you peace of mind, knowing you and your loved ones are taken care of if and when an adverse life event comes your way.” advises Steven.