MORTGAGE PROTECTION
Protecting Your Family Home
Mortgage protection insurance is an insurance policy that pays off your mortgage if you or another policy holder dies during the term of the mortgage.
If you have a joint mortgage, both people need mortgage protection insurance.
By law, your lender must ensure you have this cover in place when you take out a mortgage
Mortgage Protection at a glance
Pays off your mortgage if you die.
Your cover decreases as the amount left on your mortgage decreases.
You can choose cover from 5 to 40 years. The cost will depend on your age, your health, options chosen, the term and agreed level of cover. Your payments stay the same. You must keep paying to stay covered.
Your cover decreases as the amount left on your mortgage decreases.
You can choose cover from 5 to 40 years. The cost will depend on your age, your health, options chosen, the term and agreed level of cover. Your payments stay the same. You must keep paying to stay covered.
