Mortgage Protection

A Mortgage Protection policy is specifically designed for use alongside a repayment (capital and interest) mortgage.

If you die during the term of the policy, a lump sum becomes payable which could be used to pay off the balance of your outstanding mortgage.

Over time, the level of life cover provided by the policy reduces to take into account your reducing loan as capital is repaid, so that you are only paying for the cover you need.

Additional benefits, such as Terminal Illness and Critical Illness cover may be added to the policy. Special features such as the ability to increase the level of cover on moving house are also widely available

A mortgage protection policy has no surrender value at any time. This means that no amount will become payable should you stop paying premiums or survive to the end of the policy term.

Click Here for a free no obligation Mortgage Protection quotation.