Mortgage Protection Cover
» Protect your biggest commitment
» Mortgage payments protected if you lose your job
» Cover for self employed
» Straight forward claims procedures
» We will ensure you get the right cover
A mortgage is one of the biggest financial commitments that you are ever likely to make, so protecting it will give you piece of mind, especially if you have stretched yourself financially which people often do when applying for mortgages. In many cases having mortgage protection is a stipulation of a lenders terms too, and often covers bills related to your mortgage too.
Types of Mortgage Payment Protection
Mortgage Decreasing Term Insurance
A mortgage decreasing term policy covers you for a set term i.e.: the term of the mortgage and pays out a lump sum during the period of the policy. This amount is designed to tie in with the outstanding balance of your mortgage. You can add extra cover like critical illness insurance to this.
Level Term Insurance
A policy that offers you level term insurance gives you cover for a fixed period and pays out one lump sum if you die during the term of the policy. Again, some policies allow you to add additional critical illness protection.
