Is This The Best?

B. Portwood & Co Ltd have a wide range of income and mortgage protection policies - some are more suitable than others depending on the cover wanted. To aid you we are providing a grid of our income and mortgage protection policies. Our first piece of advice is that you should insure as much as you can on a mortgage protection policy and the balance on an income protection policy, so the program will work out the maximum benefit on mortgage protection and put the rest on income protection. The aim will be

Provide you with the sum assured you want. If the percentage goes above 50% some products will no longer quote and over 75% will result in no income protection policies quoting. Please remember these benefits are tax free.
Minimise your payments for the cover you want

There may be better cover available for only a small additional monthly premium - so feel free to amend details as you see fit. Premiums and policies quoted enjoy indicative status only. We will not be held liable if you select an unsuitable policy - if you want to discuss your options please contact us on 0870 7456247.

Qualification Criteria

Qualifying Mortgage Protection Policies

Qualifying Income Protection Policies

Gross Monthly Income	£
Mortgage Payments	£
Mortgage related	£

TOTAL BENEFITS	£
Percentage	%

Product

Sum to Insure

Product

Sum to Insure

Premium

Notes

Premium

Notes

Fine Tuning the Products

Before you select unemployment only, please note that if you lose your job and then suffer an accident or disability, an unemployment only policy will not cover you. We therefore recommend a combined policy unless you have accident and sickness insurance cover elsewhere.

Gross Monthly income means the average of your pay in the last 12 months - including bonuses
Mortgage Payments means the money you pay - or intend to pay your lender each month
Mortgage Related means money you pay monthly in relation to your mortgage - Life, Endowment or other vehicle, buildings insurance
TOTAL BENEFITS means the total amount of cover you want - the program will allocate this money between mortgage protection and income protection schemes.
Deferred period means the period after you start claiming for which you are not covered. A 30 day period means that you will not be paid for the first 30 days of the claim. Your first payment will be after 61 days and cover days 31 - 60. Back to day one means that if you claim for more than a specific period you will be paid after that period from the first day. This is better cover but costs more
Initial Exclusion Period covers that period from the start of the policy when you will not be covered against unemployment.
Benefit Period means the maximum number of payments you will receive - 12 (one year) or 24 (two).
Period of employment means how long you have been in work since your last period of unemployment.
Cover wanted: You can choose unemployment only, disability only or combined - see our note about our recommendations

landlords insurance