Not Income Protection. Not a Backup Plan. Just Brilliant.

MetLife MortgageSafe: A Fresh Take on Mortgage Protection

In a market packed with great income protection options, I want to highlight something a little different — MetLife’s MortgageSafe.

This isn’t a replacement for traditional income protection. But it absolutely earns a place in your advice toolkit.

It’s designed for homeowners who want straightforward, reliable mortgage repayment protection — especially where full IP might not be available or affordable.

🔍 What Sets MortgageSafe Apart?

✅ Simplified Underwriting No GP reports. No financial underwriting. Just five health questions for Essential cover. That makes it ideal for:

• Clients with no provable income

• Clients declined for IP on health grounds

✅ Generous Benefit Limits Clients can insure up to 110% of their monthly mortgage repayments, capped at £1,500 per month — giving them a buffer for other costs during recovery.

✅ Fast, Fair Claims With a four-week waiting period and benefits backdated to day one, MortgageSafe offers real support, exactly when it’s needed.

✅ Flexible Terms Choose from 12 or 24 months of cover.

✅ Unlimited Claims No lifetime cap — clients can claim more than once if needed.

✅ Different Rules = More Access Because the benefit is paid directly to the mortgage lender, MortgageSafe isn’t bound by the same rules as traditional IP. That means your client can still receive benefits even if they’re getting full sick pay.

👶 Optional Child Cover

Add-on Child Cover is available for just £3/month — offering lump sums for child-specific health events:

• Broken Bones – £500 per major bone, £100 per minor bone

• Cancer Diagnosis – £10,000 per child, per diagnosis

• Hospitalisation – Daily benefits during hospital stays

📊 Impressive Claims Record

In 2024, MetLife UK paid out over £27 million in claims — covering 27,112 cases, or 108 claims every working day. That’s more than the entire UK IP and CIC markets combined for the same period. Now that’s a provider putting their money where their mouth is.

⚠️ Where MortgageSafe Might Not Be Right

🧑‍💼 Occupation-Based Pricing Premiums are averaged across all job types. So for lower-risk clients like office workers, you may find sharper pricing elsewhere.

📉 No Unemployment Cover MortgageSafe only covers accident and illness — there’s no benefit for job loss.

🔹 Cool Facts About MetLife

• They’ve been around for 157 years

• They operate in 40 countries

• They paid the first insurance claim after the sinking of the Titanic

• They re-entered the UK market in 2007, and haven’t looked back

🎯 Final Thoughts

MetLife’s MortgageSafe is user-friendly, flexible, and accessible. It’s not a traditional IP product — but that’s the point. It fills gaps others don’t.

And while today’s spotlight is on MortgageSafe, they also offer:

🛡️ EverydayProtect – Quick claims, everyday accident/injury cover, flexible pricing 👶 ChildShield – Standalone, award-winning child cover with built-in innovation

If you’re not currently using MetLife, but curious about what they can offer — speak to one of their BDMs. You won’t regret it.