Most mortgage payment protection plans for unemployment will allow the owner of a mortgage protection policy to waive their mortgage protection plan
premium during periods of unemployment.
Not exact matches
The latest report shows for example that in 2012, 62 %
of those who were unemployed had paid EI
premiums during the year preceding their
unemployment period.
This allows the homeowner to protect the home if a spouse or partner dies unexpectedly, but assures they need not make the
premium payment
during periods of unemployment.
And secondly, in the event
of a crash, you may only end up with (a lot) more expenses on your hands, than what you would pay as insurance
premium charges; the very thing you want to stay clear off
during your
unemployment period.