Insurer Of The Year

Overview information

MPPI

Mortgage Payment Protection Insurance:

If looking for high quality MPPI and great value Mortgage Payment Protection Insurance, you need to look no further. MPPI from AntInsurance is extremely competitive priced and we were chosen as the ‘Cheapest Standalone Provider’ for MPPI by the Mortgage Magazine in October 2006.

How MPPI can help you click here »

AntInsurance low cost MPPI is the choice of discerning homeowners who need their mortgage payments met if they lose their unemployment through accident, sickness or unemployment.
We proudly offer this comprehensive MPPI so please visit our quick quote page so you can select the best MPPI plan for you, with a range of benefit periods and cover options to suit most circumstances. We welcome the self employed and those in dangerous occupations or dangerous sports.

We provide standalone MPPI only on the internet and take a low commission which means the MPPI cost to you is much lower than can be found elsewhere. We have no MPPI insurance agents or MPPI affiliates to pay, so we are able to pass the savings on to our customers.

You can obtain an MPPI quick quote and apply online or if you need so speak to our friendly customer service team we would be delighted to assist, so please call us on 0208 972 9557  to find out more about MPPI.

With this MPPI (technically unemployment protection) no proof of a mortgage is required, you can top up the amount you want to receive from the MPPI insurance to help you meet your non mortgage related  monthly outgoings that would keep arriving, thus adding greater flexibility to your MPPI arrangements.  If you have sufficient savings to tide you over, you may not need to top up your MPPI protection insurance but if we lost our income, most of us would fall quickly into debt and although covering your mortgage amount can be a wise maneuver, this amount on its own cannot provide funding to pay for your other monthly expenses which would keep coming in despite the fact your income has dried up. Topping up your MPPI insurance provides lifestyle protection as well as MPPI protection.

For an MPPI quick quote please click here »

Quick guide to MPPI insurance

MPPI insurance guide.
At AntInsurance, we recognize that MPPI insurance is a crucial step in assuring peace of mind for homeowners. That is why we offer MPPI insurance.

How would MPPI insurance help me?
This MPPI insurance protects workers who want to safeguard their income in the event of accident, sickness or unemployment.
You might for example be unable to meet the repayments on your mortgage if you fell ill or had an accident so are unable to work. This MPPI protection insurance provides an important safety net against home repossessions.

MPPI insurance works when you can’t, so if your income dries up, the MPPI insurance steps in. So should you lose your income while covered with us, the MPPI insurance is there to help you pay your outgoings for up to 12 months or until you return to work.
With this MPPI insurance you can top up your cover to help you pay your other monthly demands that would keep arriving, thus adding greater flexibility to your MPPI insurance arrangements.

< Back To MPPI Quick Guide

How much MPPI insurance might I need?
The amount of MPPI insurance that people need varies from case to case but it is worth noting that the Bank of England’s ‘Family Spending Report 2006’ stated the cost of living for the average family is £443 a week, not including the mortgage. Transport, leisure, food & soft drinks and clothes & shoes are high in the list of expenditure.

< Back To MPPI Quick Guide

How can I top up my MPPI insurance?
If you have taken MPPI insurance to cover only the amount of your mortgage or loan it might be worth topping it up to provide protection for your remaining monthly outgoings. You first need to work out your net monthly income.  It is your monthly salary less tax and national insurance contributions. If your income varies, then average it out over the year. Take your net monthly income and divide it by 75% (or three quarters), and that is the maximum amount you can cover per month. If you are a higher earner, please note the maximum amount that can be covered under this policy is £2000 per month.

For example if your net monthly income is £1000 you can insure up to £750 per month.  If your monthly mortgage or loan amount is £350 per month, you can add up to £400 making a maximum of £750.  No proof of a mortgage or loan is required so where the Application Form says ‘Enter the actual monthly amount you require’ you would enter a figure up to £750.

< Back To MPPI Quick Guide

What is MPPI insurance?
MPPI insurance safeguards your income against accident, sickness or unemployment. We understand that MPPI protection can bring workers valuable peace of mind. MPPI insurance will help you keep up your mortgage or loan payments and works when you can’t but can also help you pay your other monthly bills.  MPPI insurance provides you with a monthly income if you become unable to work through accident, sickness or unemployment giving you breathing space to find a new job or recover from illness. With our MPPI insurance no medicals are required and individual habits such as smoking do not affect your premium or your eligibility.

< Back To MPPI Quick Guide

How does MPPI insurance work?
With MPPI insurance you pay regular premiums and subject to certain conditions we agree to pay you a monthly benefit if you are unable to work because of accident, sickness and unemployment. MPPI insurance can reduce the negative effect of your loss of earnings by replacing your income and help bring you peace of mind.

Our MPPI insurance is offered as combined Accident, Sickness and Unemployment, Unemployment Only or Accident & Sickness Only. The protection you choose will depend on your own individual requirements.

MPPI insurance has variable options that might include:

Exclusion Periods (or Waiting Periods): This is the length of time, from the start date of the policy, until you are able to claim for unemployment. This is different from deferred payments as it is a once only exclusion period.

Deferred Payments:  We do not offer deferred payments because we believe that to be inferior insurance but where they are offered elsewhere. They allow you to choose at what point you want the benefit payments to start after you are unable to work, this known as a deferment period.  The longer the deferment period, the cheaper the MPPI insurance premium should be but this is not always the case. With AntInsurance, payments are paid back to day 1 (see below) and your insurance premiums are kept low.

Back to day 1:  Many MPPI insurance plans (including ours) now offer the option of back to day 1 cover.  This means you may make an insurance claim after just 30 days of unemployment, accident or sickness and the payment will be backdated to the first day.

< Back To MPPI Quick Guide

How do I know if I need MPPI insurance?

Firstly take account of your savings or alternative sources of revenue you might be able to draw on. To find out if you might need MPPI insurance, ask yourself these 5 questions:

For how long could I survive on my savings?
You need to realistically estimate your total expenditure and then deduct this from any savings you may have or any other revenue you may receive. MPPI insurance may be unnecessary if, for example, you decide you could adequately survive on your savings.

What are my total monthly outgoings?
You can add together all your outgoings, including household insurance, buildings insurance or motor insurance. Estimate the total expenditure of your monthly outgoings that should include items such as loans, utility bills, council tax, food, transport and not forgetting the mortgage or rent. 

Will the state give me financial help?
Some state benefits are means-tested, and in most cases there are conditions that have to be met, such as your having paid sufficient National Insurance contributions. If for example you have had a mortgage since October 1995, help with you mortgage payments is not available for the first 9 months and then the government payments will cover the interest only. For those with a mortgage prior to October 1995 there is no help for the first two months. The amount of state help with your mortgage following unemployment will vary depending on your own individual circumstances but as a general rule, if you are eligible, the government will pay approximately £57.45 a week (over 25’s).

What are my benefits at work if I become sick or injured?
Following unemployment your employer may continue to pay you an income for a limited time, so during that time you would not need MPPI insurance, in fact you would be unable to make an MPPI insurance claim for any period you are still being paid.  Some employers will only pay Statutory Sick Pay but others may be more generous. Before arranging your MPPI insurance, you should check your conditions of employment

How quickly could I find work?
The answer to this will vary greatly dependent upon your occupation and where you live. Research shows that 63% of workers return to work within 3-6 months so you might want to consider our 3 or 6 month benefit period as an option as well as our standard 12 months benefit period.  The benefit period is not the length of the policy, or the time you must wait before you can claim, it is just the maximum number of months we can pay you for any one period of accident, sickness or unemployment.

< Back To MPPI Quick Guide

Why would I use MPPI insurance?
Giving consideration to the effect that unemployment would have, how do you think that you would cope with the change in your circumstances if you were unable to work because of accident, sickness or unemployment for how long? If following unemployment a shortfall is likely due to lack of savings to draw on, you might consider taking out MPPI insurance to protect your home, you family and your lifestyle.

< Back To MPPI Quick Guide

When might I not need MPPI insurance?

When you have sufficient revenue from other sources such as saving or shares, PPI protection insurance is not always required. If you are one of the lucky few who have sufficient savings to tide them through a period of unemployment, or you believe you could realistically adapt your lifestyle to take account of reduced income following unemployment, then you may consider this MPPI insurance or any other MPPI insurance product to be unnecessary.

Your employer may have a good sickness benefit scheme:
MPPI insurance may be unnecessary if your employer has a sufficient sickness benefit scheme. 

< Back To MPPI Quick Guide

If I do decide to buy MPPI insurance what should I be looking for?

How much income do I need to protect ? Find a MPPI insurance plan that offers the maximum choice, this varies between 50% to 75% of your net monthly income to maximums around £1,000-£2,000. Our MPPI insurance allows you to cover up to the upper limit in both cases, i.e. up to 75% of your net income up to a maximum of £2000.

How long will I need to receive my monthly benefit for any one claim?  Your choice of MPPI insurance and how long you need to receive the benefits will be dependent upon your individual circumstances. The length of MPPI insurance monthly benefits vary but the norm is 12 months. We offer 3, 6 or 12 month benefit periods per claim.

How long can I wait before I would need to claim?
Some MPPI insurance plans provide deferred payments where you will not receive benefits for a number of months. You may consider that an interval, between when your employer stops paying you and when the MPPI insurance starts would also be acceptable if you had savings. Our MPPI insurance has a qualifying period of 30 days after which insurance payments are made to you backdated to day 1.

< Back To MPPI Quick Guide

What are the differences between this MPPI insurance and Loan payment protection insurance and Mortgage payment protection insurance?

Mortgage Payment Protection Insurance (MPPI) and Loan Payment Protection (PPI):
Generally you would require a new policy with each new mortgage or loan you obtain so pricing and acceptance could then be affected over time by your health and your age. Usually covers only your loan or your mortgage repayment but with us you can top up your MPPI insurance or your loan protection policy as shown above.  Our policies aside mortgage protection or loan insurance rarely make provision for your extra monthly outgoings although some mortgage protection policies will additionally cover associated mortgage costs.  

MPPI insurance:
Because our MPPI insurance is actually an income insurance policy and is based on your income alone, it requires just one policy for your whole working life and the premium will not increase according to age for the duration of the policy. This MPPI insurance covers a percentage of your income and is paid directly to you and you choose how to spend it.  It can provide for any loan or mortgage repayment, household bills such as rent, credit cards, school fees, gas and electricity and removes the need for costly separate cover.  This MPPI insurance therefore works when you can’t and the amount you can cover is calculated on your income only.  

< Back To MPPI Quick Guide

Should I get MPPI insurance advice?
Our offer of PPI protection insurance is non advisory so taking independent financial advice may be helpful. As a responsible MPPI insurance provider, our site provides a wide range of information on our products and we issue a ‘Key Facts’ document to help you make comparisons between MPPI insurance plans. 

PPI Payment Protection Insurance

If looking for high quality PPI and great value Payment Protection Insurance at that, you need to look no further. PPI from AntInsurance is extremely competitive priced and we were chosen as the ‘Cheapest Standalone Provider’ by the Mortgage Magazine in October 2006.

AntInsurance low cost PPI payment protection insurance is the choice of discerning homeowners and borrowers who need their mortgage payments or their loan payments met if they lose their income through accident, sickness or unemployment.

We provide standalone PPI payment protection insurance on the internet only and take low commissions which mean the PPI protection cost to you is much lower than can be found elsewhere. We have no PPI affiliates to pay and no PPI insurance agents, so we are able to pass the savings on to our customers.
ANT Insurance voted best value for money PPI provider by moneysavingexpert.com.

Martin Lewis the Money Saving Expert said of PPI insurance.
 “The cost is defined per £100 of your monthly repayment e.g. £5 per £100 means if your loan repayment is £200 per month, the PPI will cost you £10. Most standard PPI policies cost £10-£30 per £100.

PPI policies are split into those which vary quotes based on your age, and those that charge a flat rate for all applicants. The following are the cheapest 30 day payout, back to day one policies, for full ASU (if you’re looking for just unemployment or just accident and sickness, these are still the winners).

  • Under 50s. Antinsurance (technically income protection, but simply apply for the amount of cover which matches your monthly mortgage repayment) is cheapest for anyone under 50, charging just over £1.70 per £100 for a 20 year old rising to £3.75 for a 49 year old.”

With a range of benefit periods and cover options to suit most circumstances, together with low cost PPI payment protection insurance rate, we proudly offer you this comprehensive PPI package. Please visit our quick quote so you can select the best PPI payment protection insurance plan for you and to see how much you can save. We welcome the self employed and those in dangerous occupations or dangerous sports.
You can obtain a PPI payment protection insurance quick quote and apply online or if you need so speak to our friendly customer service team we would be delighted to assist, so please call us on 0208 972 9557  to find out more about PPI payment protection insurance.

With this PPI payment protection insurance (technically income protection) no proof of a mortgage is required or a loan or any other monthly outgoings are required. If you have taken your protection policy to cover just the amount of your loan or mortgage, you are welcome to top up your PPI amount to help you meet your other monthly outgoings that would keep arriving, thus adding greater flexibility to your PPI payment protection insurance arrangements.  If you have sufficient savings to tide you over, you may not need to top up your PPI payment protection insurance but if we lost our income, most of us would fall quickly into debt. Although covering your monthly mortgage or loan amount can be a wise maneuver, this amount on its own cannot provide funding to pay for your other monthly expenses which would keep coming in despite the fact your income has dried up. Topping up your PPI payment protection insurance provides lifestyle protection as well as PPI payment protection insurance. 

Quick guide to PPI payment protection insurance

PPI payment protection insurance guide.
At AntInsurance, we recognize that PPI payment protection insurance is a crucial step in assuring peace of mind for homeowners and other borrowers. That is why we offer PPI payment protection insurance.

How would PPI payment protection insurance help me?
This PPI payment protection insurance protects workers who want to safeguard their income in the event of accident, sickness or unemployment.

You might for example be unable to meet the repayments on your mortgage if you fell ill or had an accident so are unable to work. This PPI protection insurance provides an important safety net against home repossessions, enables you to pay your monthly loan repayments and your additional monthly bills, all in one policy.
PPI payment protection insurance works when you can’t, so if your income dries up, the PPI steps in. So should you lose your income while covered with us, the PPI payment protection insurance is there to help you pay your outgoings for up to 12 months or until you return to work.

With this PPI insurance you can top up your cover to help you pay your other monthly demands that would keep arriving, thus adding greater flexibility to your PPI protection arrangements.

How much PPI payment protection insurance might I need?
The amount of PPI payment protection insurance that people need varies from case to case but it is worth noting that the Bank of England’s ‘Family Spending Report 2006’ stated the cost of living for the average family is £443 a week, not including the mortgage. Transport, leisure, food & soft drinks and clothes & shoes are high in the list of expenditure.

How can I top up my PPI payment protection insurance?
If you have taken PPI payment protection insurance to cover only the amount of your mortgage or loan it might be worth topping it up to provide protection for your remaining monthly outgoings. You first need to work out your net monthly income.  It is your monthly salary less tax and national insurance contributions. If your income varies, then average it out over the year. Take your net monthly income and divide it by 75% (or three quarters), and that is the maximum amount you can cover per month. If you are a higher earner, please note the maximum amount that can be covered under this policy is £2000 per month.

For example if your net monthly income is £1000 you can insure up to £750 per month.  If your monthly mortgage or loan amount is £350 per month, you can add up to £400 making a maximum of £750.  No proof of a mortgage or loan is required so where the Application Form says ‘Enter the actual monthly amount you require’ you would enter a figure up to £750.

What is PPI payment protection insurance?
 We understand that PPI protection can bring workers valuable peace of mind. PPI payment protection insurance safeguards your income against accident, sickness or unemployment. PPI will help you keep up your mortgage or loan payments and works when you can’t but it can also help you pay your other monthly bills.  PPI payment protection insurance provides you with a monthly income if you become unable to work through accident, sickness or unemployment giving you breathing space to find a new job or recover from illness. With our PPI payment protection insurance no medicals are required and individual habits such as smoking do not affect your premium or your eligibility.

How does PPI payment protection insurance work?
With PPI payment protection insurance you pay regular premiums and subject to certain conditions we agree to pay you a monthly benefit if you are unable to work because of accident, sickness and unemployment. The PPI that incurs because of ASU is likely to affect your lifestyle. PPI payment protection insurance can reduce the negative effect of your loss of earnings by replacing your income and help bring you peace of mind.

Our PPI payment protection insurance is offered as combined Accident, Sickness and Unemployment, Unemployment Only or Accident & Sickness Only. The protection you choose will depend on your own individual requirements.

PPI payment protection insurance has variable options that might include:

Exclusion Periods (or Waiting Periods): This is the length of time, from the start date of the policy, until you are able to claim for unemployment. This is different from deferred payments as it is a once only exclusion period.

Deferred Payments:  We do not offer deferred payments because we believe that to be inferior insurance but where they are offered elsewhere. They allow you to choose at what point you want the benefit payments to start after you are unable to work, this known as a deferment period.  The longer the deferment period, the cheaper the PPI payment protection insurance premium should be but this is not always the case. With AntInsurance, PPI payment are made back to day 1 (see below) and your insurance premiums are kept low.

Back to day 1:  Many PPI payment protection insurance plans (including ours) now offer the option of back to day 1 cover.  This means you may make an insurance claim after just 30 days of unemployment, accident or sickness and the payment will be backdated to the first day.

How do I know if I need PPI payment protection insurance?
Firstly take account of your savings or alternative sources of revenue you might be able to draw on. To find out if you might need PPI payment protection insurance, ask yourself these 5 questions:

For how long could I survive on my savings?
You need to realistically estimate your total expenditure and then deduct this from any savings you may have or any other revenue you may receive. PPI payment protection insurance may be unnecessary if, for example, you decide you could adequately survive on your savings.

What are my total monthly outgoings?
You can add together all your outgoings, including household insurance, buildings insurance or motor insurance. Estimate the total expenditure of your monthly outgoings that should include items such as loans, utility bills, council tax, food, transport and not forgetting the mortgage or rent. 

Will the state give me financial help?
Some state benefits are means-tested, and in most cases there are conditions that have to be met, such as your having paid sufficient National Insurance contributions. If for example you have had a mortgage since October 1995, help with you mortgage payments is not available for the first 9 months and then the government payments will cover the interest only. For those with mortgages prior to October 1995 there is no help for the first two months. The amount of state help with your mortgage following PPI will vary depending on your own individual circumstances but as a general rule, if you are eligible, the government will pay approximately £57.45 a week (over 25’s).

What are my benefits at work if I become sick or injured?
Following PPI your employer may continue to pay you an income for a limited time, so during that time you would not need PPI payment protection insurance, in fact you would be unable to make an PPI payment protection insurance claim for any period you are still being paid.  Some employers will only pay Statutory Sick Pay but others may be more generous. Before arranging your PPI payment protection insurance, you should check your conditions of employment

How quickly could I find work?
The answer to this will vary greatly dependent upon your occupation and where you live. Research shows that 63% of workers return to work within 3-6 months so you might want to consider our 3 or 6 month benefit period as an option as well as our standard 12 months benefit period.  The benefit period is not the length of the policy, or the time you must wait before you can claim, it is just the maximum number of months we can pay you for any one period of accident, sickness or unemployment.

Why would I use PPI payment protection insurance?

Giving consideration to the effect that PPI would have, how do you think that you would cope with the change in your circumstances if you were unable to work because of accident, sickness or unemployment and for how long? If following unemployment a shortfall is likely due to lack of savings to draw on, you might consider taking out PPI payment protection insurance to protect your home, you family and your lifestyle.

When might I not need PPI payment protection insurance?
When you have sufficient revenue from other sources such as saving or shares, PPI protection insurance is not always required. If you are one of the lucky few who have sufficient savings to tide them through a period of unemployment, or you believe you could realistically adapt your lifestyle to take account of reduced income following unemployment, then you may consider this PPI payment protection insurance or any other PPI payment protection insurance product to be unnecessary.

Your employer may have a good sickness benefit scheme:
PPI payment protection insurance may be unnecessary if your employer has a sufficient sickness benefit scheme.

If I do decide to buy PPI payment protection insurance what should I be looking for?

How much income do I need to protect? Find a PPI payment protection insurance plan that offers the maximum choice, this varies between 50% to 75% of your net monthly income to maximums around £1,000-£2,000. Our PPI payment protection insurance allows you to cover up to the upper limit in both cases, i.e. up to 75% of your net income up to a maximum of £2000.

How long will I need to receive my monthly benefit for any one claim?  Your choice of PPI payment protection insurance and how long you need to receive the benefits will be dependent upon your individual circumstances. The length of PPI payment protection insurance monthly benefits vary but the norm is 12 months. We offer 3, 6 or 12 month benefit periods per claim.

How long can I wait before I would need to claim?
Some PPI payment protection insurance plans provide deferred payments where you will not receive benefits for a number of months. You may consider that an interval, between when your employer stops paying you and when the PPI payment protection insurance starts would also be acceptable if you had savings. Our PPI payment protection insurance has a qualifying period of 30 days after which insurance payments are made to you backdated to day 1.

What are the differences between this PPI payment protection insurance and Loan payment protection insurance and Mortgage payment protection insurance?

Mortgage Payment Protection Insurance (MPPI) and Loan Payment Protection (PPI):

Generally you would require a new policy with each new mortgage or loan you obtain so pricing and acceptance could then be affected over time by your health and your age. Usually covers only your loan or your mortgage repayment but with us you can top up your PPI payment protection insurance or your loan protection policy as shown above.  Our policies aside mortgage protection or loan insurance rarely make provision for your extra monthly outgoings although some mortgage protection policies will additionally cover associated mortgage costs.  

PPI payment protection insurance:

Because our PPI payment protection insurance is actually an income insurance policy and is based on your income alone, it requires just one policy for your whole working life and the premium will not increase according to age for the duration of the policy. This PPI payment protection insurance covers a percentage of your income and is paid directly to you and you choose how to spend it.  It can provide for any loan or mortgage repayment, household bills such as rent, credit cards, school fees, gas and electricity and removes the need for costly separate cover.  This PPI payment protection insurance therefore works when you can’t and the amount you can cover is calculated on your income only.

Should I get PPI payment protection insurance advice?
Our offer of PPI protection insurance is non advisory so taking independent financial advice may be helpful. As a responsible PPI payment protection insurance provider, our site provides a wide range of information on our products and we issue a ‘Key Facts’ document to help you make comparisons between PPI payment protection insurance plans.