More Information
For a small monthly amount you get all this:
- Protection if you are unable to work through accident, sickness or unemployment as a result of redundancy.
- Monthly cover of £100 – £2,500, with claims payable for up to 12 months.
- The premium is paid monthly so you’re not tied in for years to come.
- You have the flexibility to choose from Unemployment, Accident and Sickness cover, Unemployment only cover or Accident and Sickness only cover.
- If you have a joint mortgage you can choose to split the selected benefit amount between you. Alternatively, one or both of you can have the full selected benefit amount provided that this is no more than 60% of your gross monthly salary.
And of course it’s not just your mortgage payments you should consider if your income becomes cut off. What about all the other bills in your life like satellite TV, utility bills and car payments?
Mortgage Payment and Lifestyle Insurance protects more than just your debts. It helps you to maintain the lifestyle you’re accustomed to until you get yourself back on your feet.
Eligibility Criteria
To be eligible for cover you need to meet the following criteria:
- You are 18 or over and under 65.
- You live in the UK, Channel Islands or the Isle of Man.
- You are working in paid employment, are self employed or are a contract worker in the UK, Channel Islands or the Isle of Man and have been continuously employed for 6 months at the date of your application.
The following conditions apply to the monthly benefit:
- The total monthly benefit must not be more than 60% of the insured person’s gross monthly salary.
- The monthly benefit must not be less than your full monthly commitment to your lender at the start date.
- The total monthly benefit cannot be less than £100 or more than £2,500.
- If you make a claim under the policy and also apply for any means tested state benefits, the government agency dealing with your claim may treat some or all of the monthly benefit you receive from us as income when calculating your benefit entitlement.
Terms, conditions, exclusions, limitations and eligibility apply. Please note if at the start of cover you are aware of an existing medical condition, whether diagnosed or not, you may not be eligible to claim for that condition. For full details please see the policy wording, a copy of which is available on request.
What if I need to make a claim?
Should you need to make a claim, we at Dunfermline Building Society understand our customers want the process to be as quick and painless as possible. Just one call puts you in touch with a case manager who will lead you through the simple claims process and will be on hand to help answer any questions you may have.
Arrange your cover now...
Why not pop into your local branch and speak to a member of staff about our Mortgage Payment and Lifestyle Insurance. If it’s more convenient for you to arrange your cover over the phone, all you need to do is call Dunfermline Direct on 0845 345 0408 (calls may be recorded for your protection and security, and for staff training purposes). Our lines are open Monday to Friday 8am – 8pm and Saturdays 9am – 4pm.
Mortgage Payment and Lifestyle Insurance is underwritten by AXA Insurance UK plc. AXA Insurance UK plc is authorised and regulated by the Financial Services Authority. Dunfermline Building Society is authorised and regulated by the Financial Services Authority and is entered in the Financial Services Authority Register, with the registration number 158765. This can be checked on the FSA’s register by visiting the FSA’s website at www.fsa.gov.uk/register or by contacting them on 0845 606 1234.
Dunfermline Building Society will communicate with you in English. Please note that other taxes, costs or both may exist which are not paid through or imposed by the Society. The policy document will include full details of the procedures to follow in the event of a complaint. If we cannot settle your complaint to your satisfaction through our internal procedure you may refer to the Financial Ombudsman Service.