Do you want more cover than £1,000?

Although £1000 (or 50% of your gross monthly income) can go a long way towards covering monthly bills should you fall ill or be made redundant, some of our customers want more cover. The good news is that, if you have a mortgage, you can combine our Income Protection (IP) policy with a Mortgage Protection (MPPI) policy to cover 65% of your gross monthly income - up to £1500.

Mortgage Protection with Ant works in a similar way to Ant's Income Protection, and at an even cheaper cost. You can cover your mortgage repayments (up to £1500 or 65% of your gross salary) and in the event of a claim we will pay the money directly into your account for you to spend how you wish. Many of our customers tend to take out Mortgage Protection to cover their mortgage and then 'top up' their cover with Income Protection.

So I can take Mortgage Protection AND Income Protection?

Yes you can. But there are some limitations.

•You can protect your mortgage (with MPPI) up to £1500 or 65% of your gross monthly income (whichever is the lesser).

•You can protect a portion of your income (with IP) up to £1000 or 50% of your gross monthly income (whichever is the lesser).

•BUT PLEASE NOTE, that COMBINED, your Mortgage Protection and Income Protection must not exceed £1500 or 65% of your gross monthly income (whichever is the lesser).

That sounds complicated. What does that mean for me?

Here's an easy guide to working out the maximum cover you can apply for: -

Step 1: Work out and write down 65% of your gross monthly income (up to £1500)

Step 2: Write down your monthly mortgage repayments

Step 3: Take Amount 2 from Amount 1 to make Amount 3

And we're done!

• Amount 2 is how much you can cover with MPPI*
• Amount 3 is how much you can cover with IP**

*please note that the maximum cover for MPPI is £1500, or 65% of your salary - whichever is the lesser.

**please note that the maximum cover for IP is £1000, or 50% of your salary - whichever is the lesser.