MORTGAGE PAYMENT PROTECTION  If you took out your mortgage before October 1995 homeowners were eligible for 50% of the mortgage payment after 8 weeks and 100% after 26 weeks. Post October 1995 state benefit will not be available for the first 40 weeks. With approximately 30, 000 properties repossessed every year, legislation is currently considering ways to make payment protection an inclusion with any mortgage. Enter the amount of cover required. As a guide this should be a maximum of 65% of your gross monthly income or 1,500 whichever is the lower and further any sum may be selected below this figure as long as you feel it is an amount that you could adequately live on! Monthly amount required? To use this calculator, select an option from each of the fields below then click on the calculate button.   Now select the type of cover choose unemployment or disability only unemployment and disability If you would like to make a second calculation, simply click the reset button before repeating the process stated above.   What benefit split do you require   choose Single Cover Split Cover Joint Cover Joint Applicants should consider split or joint cover while single applicants should consider single cover only.          Select the waiting period   0 30 60 Days Select the waiting period you feel most appropriate. It must be at least 30 Days   Your monthly Premium:     Your savings:    -Don't forget- 6 months free cover plus 25% additional benefit for the life of the policy
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