Market-Leading Unemployment Insurance

We are pleased to be able to offer access to a market-leading mortgage payment protection plan designed to pay a mortgage for up to 12 months in the event of accident, disability or unemployment.

The APS Europe Mortgage Payment Protection Plan is available directly to members of the public and through your financial adviser or broker.

Whilst many providers no longer offer standalone unemployment cover or only allow it alongside a new mortgage or remortgage, this policy remains available to new and existing mortgages.

It can be taken as a combined ASU (accident, sickness & unemployment) policy or just unemployment or just accident & sickness.

Unlike most policies out there, there is no minimum six months employment requirement, no job or hobby exclusions and whilst pre-existing medical conditions are excluded, any condition in the preceding 12 months will not be met but once clear for 24 months policy holders are eligible to claim.

And there are no exclusions for conditions a customer should have known about from their past if totally clear.

Many of the exclusions normally associated with with this type of cover are NOT in fact excluded: -

• Unemployment due to dismissal, misconduct or breach of conduct
• Backache or related conditions; most providers use this as a backdoor exclusion by stating they need proof via MRI scan
• Claims relating to HIV/AIDS
• Claims due to cosmetic or non-medically necessary surgery
• ME and post-viral debility
• Claims due to emotional or psychiatric conditions if diagnosed and under the continuing care of a Consultant Psychiatrist

Eligibility is therefore straight-forward and simple: -

Applicants must be UK resident, working at least 16 hours per week, party to the mortgage, not off work due to ill-health at the point of application and inception of cover, over 18 years of age at inception and under 65 at expiry.

So long as applicants are not aware of impending unemployment and are able to sign a simple declaration they may take cover.

Customers can cover the mortgage repayment and mortgage-related insurances (buildings & contents, endowment etc) up to £2,000 per month on the ASU option and up to £1,500 on the A&S or U only options regardless of the customer’s income.

The benefit of such a policy is the ease of applying with no underwriting at application stage with back-to-day-one cover available.

With unemployment at 2.25million and predictions for it to rise to 3million, it pays to have the right cover. Ask for the APS Europe Mortgage Payment Protection Plan.