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mppi and income protection?

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?

Comments

  • dunstonh
    dunstonh Posts: 120,195 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    am i allowed to have any other income protection?

    yes
    Also 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.
  • duarab wrote: »
    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'.
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