Mortgage Care
Are you worried about what would happen if you were unable to work and couldn’t meet your monthly mortgage repayments?
Are you worried that you might become unemployed or that an unexpected accident or illness could cause financial difficulties?
Mortgage Care from AXA Insurance provides a monthly benefit to help pay for your mortgage and associated costs, in the event of an accident, sickness or involuntarily unemployment.
Please note that terms, conditions, limitations and exclusions apply. These are contained within the policy booklet, a copy of which is available on request.
See below for further details of our policy features and options available.
Benefits payable for up to 12 months - Monthly benefits are paid for up to 12 months per claim (following a 30 day deferred period)
Protection for the self-employed - should you permanently cease to trade
Maximum benefit - of £2,000 per month or 60% of gross monthly salary, which ever is the lower
Covers mortgage repayments - allows you to cover the cost of your monthly mortgage repayment, plus - if chosen - an additional amount of up to 100% for associated monthly costs such as buildings and contents insurance premiums, life insurance premiums etc.
Portable Policy - One of the benefits of this policy is it is portable and therefore, should you redeem your current mortgage, you will be able to transfer the benefits to cover your new mortgage.
Unemployment - Clients who claim may be contacted directly by employment specialists who offer practical help and guidance on getting back to work, you will also be issued with a ‘Back to Work Guide’, which provides guidance in CV preparation, letters of application, sourcing vacancies and interview techniques. Access to a national job vacancy database and unlimited access to an adviser is also available. This service will be provided at the discretion of AXA Insurance UK plc.
Accident and Sickness Cover - This cover can help you to continue to meet your mortgage repayments for a period of up to 12 months per claim in the event of you being unable to work because of accident or sickness.
Unemployment Only Cover - This cover can help you to continue to meet your mortgage repayments for a period of up to 12 months per claim in the unfortunate event of you becoming involuntarily unemployed.
Accident, Sickness and Unemployment Cover - This cover helps provide peace of mind by combining the benefits of accident and sickness with unemployment only cover.
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