Mortgage Payment Protection Insurance Glossary

Accident or Sickness - means any accident, sickness or disease which occurs after the start date which results in you being totally unable to carry out the duties of your normal work and not doing any other work, as confirmed by a doctor or specialist. Normal work means your work immediately before your accident or sickness, or any other work which we think you are, or may reasonably become qualified for, in view of your training, education and ability.

Immediate family - refers to your spouse, civil partner, live-in partner, children and parents.

Monthly Benefit - means the monthly amount chosen by you when you apply for cover. The maximum monthly benefit allowable shall not exceed £3,000 or 75% of your monthly earned income whichever is less.

Monthly Earned income - refers to your average monthly salary before tax (including any commission and/or bonus payments you receive). If you are self-employed this refers to the monthly average of your income over the last 12 months.

Pre-existing medical condition - Any condition, injury, illness, disease, sickness or related condition and/or associated symptoms, whether diagnosed or not, which you knew about, or should reasonably have known about at the policy start date, or which you had seen or arranged to see a doctor about during the 12 months immediately before the policy start date.

Qualification Period - means the period defined in this policy as selected by you and as stated in your certificate of cover. Monthly benefit will not be paid during this period.

Self-Employed/Self-Employment - you are self-employed if:

• You are carrying on a business in the UK either alone or as a partner in a partnership or
• You can control the affairs of a company you work for because either you or a relative or a member of your household individually or jointly hold the majority of the voting rights of the company or
• You can otherwise ensure that the company you work for conducts its affairs according to your wishes

Unemployed/Unemployment - means you having no paid work or temporary work and having a Jobseekers Agreement with the Department for Work and Pensions in the UK. If you are ineligible for a Jobseekers Agreement you must be able to provide alternative proof acceptable to us that you are actively seeking work.

Work - refers to any paid work of at least 16 hours every week. This includes self-employed work, statutory maternity and parental leave but does not include temporary work.