If you have a repayment mortgage, this can be a very cost effective way of insuring against your mortgage debt in the event of your death.
As time passes and your outstanding mortgage reduces, the pay out on death also reduces leaving your dependents with the money to pay off the mortgage.
The family home is saved for your loved ones.
No worry of any missed mortgage payments.
Assurance that your home will not be repossessed.
Mortgage cover can ensure that your mortgage will be paid off if you die. It brings family security and eliminates the fear of missed repayments and repossession.
If you have a repayment mortgage, Mortgage Life Cover simply pays it off when you die. As with normal life cover, if you have dependents or a partner that relies on your income or a family living in a house with a mortgage that you pay, then Mortgage Life Cover will take care of it.
If you’ve ever bought life cover from your lender, then you are probably paying over the odds for it. Let us provide a quote for you and you may be pleasantly surprised that you could get the same amount of cover for significantly less cost.
If you purchase Mortgage Protection Cover from your lender, it is highly likely that you’re paying more than you need to. It is commonly known that lenders offer expensive policies with often poor benefits.