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Mortgage insurance v income protection insurance

Bowey123

Bowey123 Posts: 59 Forumite

Second Anniversary

10 Posts

24 May at 11:09AM in Insurance & life assurance

Is it possible to get an insurance policy that pays mortgage payments directly if needed rather than as a regular payments

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Comments

DullGreyGuy Posts: 17,597 Forumite

26 May at 11:29AM

No, the two products are separate and whilst it's intended that MPPI is used for mortgage repayment you can actually use it for whatever you want.

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Weighty1 Posts: 1,204 Forumite

26 May at 11:19PM

Bowey123 said:

Is it possible to get an insurance policy that pays mortgage payments directly if needed rather than as a regular payments

Yes, LV have the pay direct option. Is there a specific purpose for you wanting that though?

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