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mppi and income protection?

duarab
Posts: 29 Forumite
I earn £25888 basic a year before tax and have mppi for £605 + 25% =£756 my question is am i allowed to have any other income protection? Also my mortgage payment is about to go down to £578 do i need to let the mppi company know?
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Comments
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am i allowed to have any other income protection?
yesAlso my mortgage payment is about to go down to £578 do i need to let the mppi company know?
yes. If you dont you will just end up paying more in premiums for cover you wont get.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I earn £25888 basic a year before tax and have mppi for £605 + 25% =£756 my question is am i allowed to have any other income protection? Also my mortgage payment is about to go down to £578 do i need to let the mppi company know?
Some providers allow you to have +50% on top of the monthly mortgage repayment. Others even allow +50% on top of the monthly mortgage plus 'associated monthly outgoings' like life assurance, houshold cover and council tax'.0
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