Atlantis Mortgages Limited | The Saturn Centre | Spring Road | Wolvehampton | WV4 6JX | 01902 353 444
Income protection - unemployment insurance, accident insurance; ensure your home is not at risk if you are unable to work. For most people, help from the Government is not available for the first 39 weeks, and after this time it is then means tested.
Accident, Sickness & Unemployment insurance is similar to mortgage payment protection and will cover your mortgage payments if you are unable to work due to sickness, accident or being made redundant.
You can choose how much benefit you would like to receive, but there are some limits on the maximum amount. The premium you pay will be a percentage of that monthly benefit amount you would like to receive. Normally, benefits will be paid for a maximum of 12 months.
On some policies, you will be able to choose if you want to receive benefits for accident and sickness only, unemployment or all three. With most policies, there will be a period of time you have to wait after losing your source of income until you may claim the benefit from the policy. This is called a 'deferment period'
