Income protection v income support?

BigAunty

wovonb wrote: »

So no point even having mortgage payment protection?

At the moment we get working tax credits and child tax credits.

Personally, I don't think you should ask strangers on a forum to specifically say yes or no to a particularly risky scenario like that. One of my relatives fell off a garage roof which is lower than the heights of many ladders and is a paraplegic and will never work again.

Go off and do more research, make your own decision.

Do you have the equivalent of 13 weeks mortgage payments before SMI could kick in? Are you aware that in the move to the Universal Credit system, SMI is going to be changed so that is only a short-term help - the expectation is that the household should sell their property. The govt are considering putting a charge on properties and more time limits on the claims rather than it being an indefinate payment - I don't know where they are with moving to a loan rather than a grant, if it's proceeding or has been dropped. They consider that if a person cannot return to full time employment, it's not up to the state to fund their property. Find out the position on UC and SMI.

There are some other schemes for struggling home owners (see the Shelter website) but again, these could change, too.

Use the Turn2us online benefit calculator to get an idea what household income you may get if your other half is unable to work. You can model various scenarios on it.

wovonb

BigAunty wrote: »

Personally, I don't think you should ask strangers on a forum to specifically say yes or no to a particularly risky scenario like that. One of my relatives fell off a garage roof which is lower than the heights of many ladders and is a paraplegic and will never work again.

Go off and do more research, make your own decision.

.

Sorry, once again I was not clear. I was trying to ascertain whether mortgage protection would be held against any income related benefits. I am doing alot of research but nowhere seems to be able to give me a clear answer. Actually, in thinking this all over I have decided to cover the mortgage regardless, so that we would be having it paid and not be dependent on the benefits system at least for that. As our mortgage is quite small the outgoing would not be that much of a loss even if it turned out we "could have" had it paid by the state.

I am sorry to hear about your relative