Do I need cover for accident and sickness only, or accident, sickness and unemployment?

Most Mortgage Payment Protection policies offer the option of insuring yourself for:

• Disability (that's accident and sickness)
• or unemployment only
• or both disability and unemployment

The premiums are quite low so as long as you can afford it, it’s is well worth considering full cover for accident sickness and unemployment. Bear in mind that your home is at risk if you can't keep up your mortgage repayments, so it's best to insure yourself.

Consider the following:

• In the last 5 years illness or accident has caused 28 % of people to have been unable to attend work for more than 4 weeks.
• In the last 5 years illness or accident has caused 9 % of people to have been unable to attend work for more than 12 weeks.
• 1 in 3 people between the ages of 25 and 34 have experienced unemployment for more than a month at some point.
• 500 people become unemployed each day in the UK - 60% of unemployed men and 45% of unemployed women will be unemployed for over six months.
• The homes of around 80 families are repossessed by their mortgage lenders every day - and most of these are due to unemployment.