Solent Satellite Dishes > Insurance Information > Income & Mortgage Protection Insurance
Income and mortgage protection insurance
Payment Protection Insurance policies are also called Income Protection Insurance, Redundancy Insurance, Mortgage Protection Insurance, Unemployment Insurance and Sickness Insurance, but they are all designed to step in and replace the loss of income due to redundancy or accident and sickness.
With these policies you can carry on with your financial commitments until you find employment. Mortgage Protection and Income Protection both make sure that you have a significant part of your income during financial crunch. If you are made jobless, you can use the money that has been insured on the policy and you could receive up to 12 consecutive monthly payments of the amount of cover you have requested till you get started with your job again .