Just like Life Insurance or Critical Illness cover, Mortgage Protection works the same way, but it decreases over time as your mortgage amount reduces. We look to ensure the amount you owe on your mortgage to make sure that if you or your partner were to die or become critically ill, then your mortgage would be paid off.
Life Insurance allows you to ensure you leave something behind for those you love the most. By putting in place a policy that pays out when you pass away, you can be assured that your family will be looked after financially. When covering yourself for Life Insurance, itβs essential for you to think about the monetary amount of cover you want to put in place. You should consider the amount you have left on your mortgage, funeral costs and the people who depend upon you financially to ensure their future is protected.
The reason for having mortgage protection insurance is to protect your home which is often the biggest asset you own. If you were to pass away before your mortgage had been paid off, mortgage protection insurance would ensure that your mortgage would be paid off and your loved ones would be able to continue living in the home.
Life Insurance is a product that pays out a lump sum of money after you die. If you have children, a partner, a mortgage or debts then we would recommend you have some protection in place to take away that financial burden on those you leave behind.
You pay fixed monthly premiums for the number of years you want your policy to last, this is normally taken over a mortgage term or until retirement.
We are able to offer a range of products from different providers. So if you have any medical concerns and have been declined, we can often find you a policy with another provider.
