Mortgage Payment Protection for Company Director - please help

foreversummer

OK dunstonh - Thank you for taking the time to reply anyway.

Thanks to everyone for your input.

Foreversummer

whiteflag_3

There are plenty of PHI providers that will allow you you to include dividends. The low salary / dividend route has become common place, therefore insurance companies have changed their contracts to accomadate.

In the event of a claim most insurers would look at the previous 52 weeks pre disability income which could be salary/ dividends and beneifits in kind. (but not bank interest or rental income)

Unemployment cover is a no go as the small print says you cannot be in a position where you could influence your own redundancy!

General rule of thumb=

Short term - up to 12 months -Accident and Sickness insurance- benefits paid for up to 12 months
Long term Illness- PHI-benefit paid monthly to expected retirement date
Serious illness - Critical Illness cover- benefit paid as a one off lump sum

Hope this helps

foreversummer

Thank you Whiteflag.

Do you know who any of these providers are? I can of course phone around and see if I can find one if you don't have the info to hand.

Many thanks for this. Most helpful.

Foreversummer