Scottish Widows Mortgage payment protection insurance - have they won any awards for their mortgage protection insurance ?
 

The Scottish Widows website does not seem to have a stand alone mortgage payment protection insurance, although they do have permanent health insurance.

The difference is that permanent health insurance is designed to replace an earned income, whereas mortgage payment protection is only designed to replace the monthly mortgage payments only.

Also, mortgage payment protection will cease after a year or two (depending on the policy provider and its terms and conditions) whereas permanent health insurance continues until retirement or return to work, whichever is sooner.

Obviously there is also a significant difference in price/monthly premiums.

Insurance is always a balancing act that the underwriters have to perform when setting premiums and level of cover. The most comprehensive cover is going to cost more than an insurance cover that only provides for a limited set of circumstances, and only pays out for a limited amount of time.

In a perfect world we should all have a portfolio of insurances to cover us in any and every eventuality, but this can prove unaffordable, and so choices have to be made.

To get a quote for a Paymentshield administered unemployment insurance, use the links above where you can also read the policy wording, terms and conditions and even apply online on a secure server.