Last year the Department of Work and Pensions (DWP) confirmed that income from an insurance policy specifically to cover mortgage payments will not be counted when assessing entitlement to means-tested benefits.

What does this mean to mortgage holders?

We believe that this is a very significant development and finally allows people with mortgages to buy insurance and protect what is likely to be the largest financial commitment, without the fear that their benefits will be cut.

What does this mean to advisers?

As an adviser you will know that an insurance plan that pays someone’s mortgage when they can’t work due to accident or sickness makes perfect sense!

Whilst life insurance can have an important role to play in protection planning, incapacity from work is much more likely to happen than death during working age. As such, your clients may welcome the opportunity to protect themselves against this very real risk and safeguard their mortgage.

And with DWP’s decision to make benefits exempt from their assessments – there really is no reason to hold back on talking about mortgage protection.

Why choose the April UK Mortgage Protector?

We have just released the Mortgage Protector plan with the following features:

  • Covers up to 125% of mortgage payments
  • 100% acceptance guaranteed (subject to basic eligibility criteria)
  • No premium loadings for occupation, health, postcode, smoker status or leisure pursuits
  • Moratorium underwriting – so no medical questionnaires and easy to set up
  • Affordable premiums based on age of entry
  • No age related premium increases

For all product documents including the premium card, please visit our Literature Library.

For more information, please contact your Business Development Manager today: