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Finance > Insurance > Home InsuranceMortgage Insurance Could Give You The Income You Need To Keep Your Home
Posted by nick_niesen in Finance on October 29th Cheap Chris Stewart Jersey , 2010


If you were to lose your income by coming out of work after suffering from an accident, prolonged illness or through unemployment then you could be left with a serious struggle on your hands to find the money to continue meeting your mortgage repayments. Providing that it would be suitable for your circumstances then mortgage insurance could give you the income you need to keep your home.


Mortgage insurance would payout a tax free income each month you were out of work for up to 12 months and though some providers offer cover for up to 24 months. The policy would give you a monthly tax free sum after you had been out of work for a certain length of time which can vary among the policies and can be anything from 31 days to 90 days with the majority of providers backdating the cover to the first day of coming out of work.

of any policy you are thinking of buying as they can vary slightly from provider to provider.

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