Mortgage Life Insurance UK: Protect Your Home From £5 a Month
Why do I need a mortgage cover?
Mortgage for most of us is our biggest financial responsibility and it’s therefore very important to have a mortgage protection in place to ensure your most important asset i.e. your HOME stays with your loved onesshould anything happen to you before it’s paid off.
- You’re married and your partner depends upon your income,
- You’re a parent and have dependent children,
- You don’t wish to pass on the burden of paying off the mortgage to your loved ones if the worst was to happen.
- You don’t have much savings to clear off the whole mortgage
Key Features
Cover starts from as little as £5 per month
Free Terminal illness cover along with your standard life cover
Free access to a network of over 50000 best doctors across the Globe
No fees. No obligation. No hidden charges
Whole-of-market access allows the advisers on our panel to compare suitable policies and recommend cover based on your individual needs, circumstances and budget.
What is a mortgage cover?
A mortgage cover, in simple words, is a life insurance (or critical illness) policy which pays out either the remainder of your mortgage balance or a set lump sum to your loved ones in the event of your death depending upon the type of cover you choose. There’re two different types of mortgage covers
- A decreasing type which follows the mortgage balance pays out only enough to clear the remainder of what’s left on your mortgage at the time of your passing.
- A level term one on the other hand pays out a lump sum which never decreases or diminishes in value over time. So it doesn’t really matter when you pass away during the term of that policy, your family would always receive the same amount that you were insured for one day one. A level term is obviously more expensive as compared to the decreasing one however it’s not always about how much you pay each month but what you get in return.
Finding the right life insurance doesn't have to be complicated. We'll connect you with an experienced FCA-authorised adviser who can guide you through your options and help you find the most cost-effective solution, free of charge.
How does it work?
Once you've submitted your enquiry, we'll connect you with an experienced FCA-authorised adviser. Before contacting you, they'll review the information you've provided and prepare suitable quotations so they can discuss your options from the outset. We pride ourselves on our fast response times, and in most cases you'll receive a call within 10 minutes during our business hours.
Already have a life insurance Policy?
Call us today to:
- Get free medical assistance and a host of other health benefits added on to your policy
- Ensure your policy has been set up correctly
- Find out if your policy is still up to date with your current circumstances
- Make sure you’re adequately covered and that you’re not paying over the odds
