A policy would begin to pay an income if you should become unemployed by such as being made redundant. It would mean that you would get the tax-free income you insured against when taking out policy. With this income you would have the money needed to be able to continue meeting the repayments of your mortgage without worry. You would not fall behind into arrears and have to
meet the lender to make an agreement to catch up while at the same time continuing with the repayments of the mortgage. Of course without an income making any agreement with the lender would be very hard if not impossible. This means the lender would have no option but to take you to court to seek repossession of your home and you would be given an eviction order.
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