Mortgage Protection

MORTGAGE PROTECTION IS A TYPE OF LIFE INSURANCE DESIGNED TO SECURE THE FAMILY HOME.

  • Save your home for your loved ones.
  • Stop the worry of missed repayments.
  • Prevent repossession.
Mortgage Life Cover is one of the frequently bought types of insurance. You might have it already but if you’ve never reviewed your policy – or moved house since you did – you could make a substantial saving.

WE’LL FIND THE BEST COVER FOR YOU!

WHAT IS THE DIFFERENCE BETWEEN LEVEL TERM COVER AND DECREASING TERM?

Level Term policies offer the same amount of cover throughout the term of the plan.
Decreasing Term policies reduce cover to match the reducing debt of some types of mortgage. This makes Decreasing Term policies cheaper.

 

WHAT IF I CHANGE MY MORTGAGE?

You are not tied into the cover for the life of the mortgage, you can change your cover whenever you want.
If you change the amount of your mortgage you should review your Mortgage Life Cover too as you might be under-protected - or save a small fortune with a cheaper policy.

WILL THE MONEY GO STRAIGHT TO MY MORTGAGE LENDER ON MY DEATH?

No. Mortgage Life Cover doesn't get paid directly to your mortgage lender - you choose who should benefit.

MY PARTNER IS NOT NAMED ON MY MORTGAGE, CAN THEY BE COVERED?

Yes, partners do not have to be named on the mortgage in order to have cover - just as long as there's a legitimate reason for the mortgage to be repaid upon their death.