Mortgage Protect

A simple way to help protect your clients’ mortgage payments.

0333 014 6244

What is Mortgage Protect?

Mortgage Protect provides short-term protection for clients who may struggle to meet their mortgage payments because illness or injury prevents them from working.

The policy can provide a monthly benefit to help cover their mortgage payment and other essential costs.

With no health or lifestyle questions applying is quick and simple so Mortgage Protect can fit naturally into your mortgage conversation. It helps you offer a more complete service without introducing the complexity or delays commonly associated with traditional income protection.

A simple protection conversation

Protection can sometimes be missed because traditional discussions feel lengthy or difficult to introduce after completing a mortgage application. Mortgage Protect is designed to make that conversation simpler.

You can quickly explain two key points:

  • It can help meet the client’s mortgage payments if injury or illness prevents them from working

  • They can add up to 20% additional cover to help with other household expenses

This gives clients an accessible way to consider essential protection while helping advisers deliver a more complete recommendation.

Key features of Mortgage Protect

  • Monthly mortgage benefit from £250 to £2,500

  • Optional additional income benefit of up to 20% of the mortgage

  • Maximum total monthly benefit of £3,000

  • Cover for illness and injury

  • No medical underwriting

  • Choice of 30, 60, 90 or 180-day deferred period

  • Choice of 3, 6 or 12-month claim period

  • Death benefit of £2,500 after 2 years

  • Rehabilitation benefit of up to £1,000 for each period off work

  • Cover continues until age 68

  • Optional fracture cover, Friendly GP+ and Friendly Dentist

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When to use it

Mortgage Protect may be suitable for:

  • Clients making an active mortgage or remortgage application; or

  • Clients named on a mortgage agreement which started within the last 6 months

  • Clients who want cover aligned with their monthly mortgage payment

  • Clients looking for essential protection against ill-health

  • Clients who would benefit from a simple application without medical underwriting

  • Clients who want the option to cover other household expenses alongside their mortgage

  • Clients for whom traditional income protection may not be suitable because of medical underwriting or affordability

  • Self-employed clients and people working in a wide range of occupations, subject to the eligibility requirements

Why this product?

  • Fits the mortgage journey – a straightforward protection conversation that can be introduced naturally alongside a mortgage or remortgage recommendation.

  • Simple to arrange – no health or lifestyle questions at application helps keep the application journey quick and straightforward.

  • Built around the mortgage – the monthly benefit can be selected to match your client’s mortgage payment.

  • Flexible cover – clients can choose their deferred period, claim period and level of additional income benefit.

  • More complete client support – the option to add up to 20% additional cover can help with other essential household costs.

  • Continued protection – once the mortgage term has ended, cover can continue until age 68, subject to a maximum benefit based on 70% of earnings, which is the limit when selecting maximum cover and at the point of claim. We'll deduct certain income streams like on normal income protection when we assess claims on this basis.

  • Added value for your business – Mortgage Protect gives you an additional opportunity to meet your client’s protection needs and provide a more complete mortgage service.

  • Increasing your cover - If your mortgage payments increase in the future as a result of a remortgage, you can apply to increase your cover up to the stated product limits.

Cover at a glance

Benefit

Amount

Mortgage benefit

£250 to £2,500 per month

Additional income benefit

Up to 20% of the mortgage

Maximum total monthly benefit

£3,000

Death benefit

£2,500

Rehabilitation benefit

Up to £1,000 for each period off work to use private treatments to get back to work
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Why work with National Friendly?

We design practical protection around the challenges advisers and their clients face in the real world. Mortgage Protect helps advisers continue a conversation that might otherwise end without protection in place, supporting more clients while adding value to the mortgage advice process.

Your questions answered

No. Mortgage Protect does not require medical underwriting.

Pre-existing medical conditions are subject to an 18-month moratorium for the income benefit.

Your client can select a deferred period of 30, 60, 90 or 180 days. The benefit becomes payable after the selected period, subject to the policy terms and an accepted claim.

Your client can choose a claim period of 3, 6 or 12 months.

Cover can continue until age 68. Once the mortgage term has ended, the maximum income benefit will be based on 70% of your client’s earnings at the point of claim.

A guaranteed insurability option can be exercised during an active remortgage application if the mortgage payment increases.

Any increase is subject to the product limits, including the maximum mortgage benefit of £2,500 per month.

No. Premiums are level but reviewable and will be reviewed every three years. This means the amount your client pays may change following a review.

Important information

  • Only available to clients making an active mortgage or remortgage application, or named on a mortgage agreement which started within the last 6 months.
  • Your client must be living in or about to live in the property and paying the mortgage.
  • The mortgage benefit is validated at claim stage.
  • Income benefit is available for illness and injury only, not unemployment.
  • Pre-existing medical conditions are subject to an 18-month moratorium for the mortgage benefit.
  • The maximum mortgage benefit is £2,500 per month.
  • The additional income benefit cannot exceed 20% of the mortgage benefit.
  • The maximum total monthly income benefit is therefore £3,000.
  • Once no longer on the mortgage, a client’s continuing cover is limited to 70% of their earnings at the point of claim.
  • Premiums are reviewable every three years and may change.
  • Optional benefits and services are non-contractual and may be changed or withdrawn.
  • Cover ends at age 68.
  • Full terms, conditions, exclusions and limitations will be provided in the policy documentation.
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