Mortgage Protection Life Insurance

Taking out a mortgage to buy a house is a huge, long-term commitment, so it is important to have the right cover in place to ensure your home and those that live in it are protected after you are gone.

This is where mortgage life insurance policies come in. They are designed to help protect your loved ones from the burden of mortgage debt in the event of your death.

Types of Mortgage Life Insurance

Most insurance providers offer two types of mortgage cover - mortgage term assurance and mortgage decreasing term assurance.

Mortgage Term Assurance

This type of mortgage protection is designed to pay off your mortgage if you die, or if you're diagnosed with a terminal illness, during the term of your policy. The level of cover provided over the term remains the same, unlike mortgage decreasing term assurance (see below).

Mortgage Decreasing Term Assurance

This type of policy is aimed at protecting a standard repayment mortgage, therefore the amount of cover provided reduces throughout the policy term as your outstanding mortgage debt decreases. As a result, premiums for a mortgage decreasing term assurance policy are often cheaper than other types of life insurance.

Buy Mortgage Protection Insurance

Complete the form below to qet a quick quote and proceed onto taking out the required Mortgage Life Insurance: