Mother and Daughters
Mortgage Protection - Life Insurance

Life insurance provides for your family if you die or are diagnosed with a terminal illness

Your policy will give you a tax-free lump sum to pay off your mortgage 

You can personalise the cover to suit your family's needs in a variety of ways

Diane was really helpful and kept us updated throughout the whole process

 

How much life insurance do I need?

 

Every family is different, our advisers will consider your own personal circumstances. If you’re a homeowner, you may want to take out life insurance to cover the length and amount of your mortgage (for example, a £150,000 loan with a 30 year term).

 

If you have a family, we will consider whether your loved ones could afford daily living expenses and if additional cover should be required.

How much does life insurance cost?

Life insurance costs vary depending on the type of cover you choose, the amount of cover you need, your age, health and a variety of other factors. There are also lifestyle factors to consider, such as a dangerous occupation or hobby. We will consider all of these aspects before applying, to make sure you get the most accurate cover for your needs.

We can also combine Critical Illness Cover with your life insurance policy - find out more information here.

Do I need life insurance if I have a mortgage?

 

We do recommend for you to take out life insurance when you get a mortgage, and to have financial protection in place. If you are a homeowner, a mortgage is likely to be the biggest debt you leave behind should the worst happen, so having a policy in place can help give you peace of mind.

A life insurance policy can help protect your family and home by paying out a cash lump sum if you die during the length of the policy. This could be used by your family to help clear the outstanding mortgage debt, meaning your loved ones could then continue living in your family home without worrying about the mortgage payments.

What kinds of life insurance are there?

We can personalise your life insurance policy to best suit your needs and goals. Some of the most common ways to personalise your protection policy are:

- To be covered for life, or for a certain period of time
- To be covered individually or with your partner
- The type of insurance; level, increasing or decreasing term
- The type of payout; lump sum or income

Contact us for a tailored advice solution!

For a full assessment and recommendation of your insurance and protection needs, contact us or request a call back from an adviser who will discuss your situation and help arrange the best insurance package for your needs.

We provide an advised service. This means that we will assess your needs and make a personal recommendation for each of the insurance areas in which you have asked us to provide a service.

We act for you and not the insurer in connection with the services we provide. We will not charge you a fee for our services relating to insurance but we will receive a commission from the product provider.

The commission will be calculated as a proportion of the premiums paid for the insurance product. You will receive a quotation which will tell you about the fees and charges relating to any particular insurance

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