Do mortgage protection premiums increase during a recession?
SimplyFinance Answers is a great place to start your research, but it is not a substitute for personalised, professional
advice. Please review our Terms of Use or Sign Up to ask a question or comment on an existing question. If you would
like to speak to an expert directly, use our Adviser Search to find an adviser in your area and contact them directly through SimplyFinance.
I originally looked for mortgage protection quotes a few years ago but never took out a policy. Went back to get the cover as I've now remortgaged, but have found that the premiums are noticeably more expensive. Is that because the job market is more uncertain?
jackt52
2 years ago
Expert Financial Adviser Answer
James Brooke
answered 2 years ago
Premiums for life cover, critical illness cover, and or income protection for accident and sickness do not increase, but the cost of taking out a new unemployment incoem protection policy almost certainly will increase. Also the exclusion clauses may change and the period before which you can make a claim may be increased.
report abuse