This offer comes with no obligation to continue the cover after the three months.
Nationwide’s MPPI provides up to two years’ cover for monthly mortgage payments, plus optional cover for other monthly bills. Borrowers can choose to take protection against unemployment and accident & sickness, either separately or combined. Further choice is available to policyholders with the option to choose a period of either 12 or 24 months for payments to be paid in the event of a claim.
Following the three months’ free MPPI premiums, new and existing mortgage customers who are moving home can choose to protect themselves at the appropriate rates each month.
Stuart Bernau, Nationwide’s executive director, said: “MPPI provides borrowers with peace of mind that their mortgage payments will be covered in the unfortunate event of an accident, illness or redundancy. In recent weeks, high profile job losses act as a reminder of the uncertainty of the future and how important MPPI can be.”
