Why is Age-Related Mortgage Payment Protection Insurance (MPPI) Different From Other MPPI?

Age Related Mortgage Payment Protection Insurance

Age-related mortgage payment protection insurance has flexible premiums that are dependent on the age of the applicants. Instead of having flat premiums, as other products do, the premiums are calculated according to the age of the customers. This means that younger customers, in particular, can make large savings on their premiums. According to figures released by the Council of Mortgage Lenders (CML), 18-24-year-olds could save around 35%, 25-29-year-olds 25% and 30-34-year-olds 15%. In fact, anyone who is under the age of 50 will have lower premiums than those for standard mortgage payment protection insurance. There are two main reasons for this. The first is that, in general, younger people are less likely to suffer from long-term health problems. Also, if a younger person loses their job it is likely to take them a shorter length of time to find new employment than someone who is over 50.

Why Choose British Insurance for your Age-Related Mortgage Payment Protection Insurance?

British Insurance is an award-winning provider of payment protection insurance. They consistently appear at the top of many of the mortgage industry's best buy surveys, and won the Mortgage Magazine 'Best Insurance Broker 2006 ' Award. British Insurance Ltd has also received glowing reviews for their products in the National press. Recommendations have also appeared in The Mail on Sunday, The Sunday Telegraph, The Daily Mail, The Daily Mirror, and numerous consumer money and mortgage insurance publications. Consumer television programmes, including 'Tonight' with Trevor McDonald, and the BBC's 'Money Programme' have also stated that British Insurance products offer great value. Unlike many other providers they pay out after only 30 days, and your payments are backdated to day one of the period that you are claiming for. Other companies will not pay out until after a 60-day exclusion period. There are a number of different cover options available, and premiums start from as low as £2.15 per £100 of monthly benefit. This is less than half the premiums of standard mortgage payment protection insurance. Further details, and an instant quote service, are available on the British Insurance website.