Mortgage Insurance Protection

The most common form of life assurance is known as Mortgage Protection. This is a type of life cover which is designed to pay back your mortgage in the event of your death which is generally taken out at the time you take out your mortgage. Serious Illness cover can also be included as part of the Mortgage Protection policy.

It is also known as Decreasing Term Assurance which means that the amount of life cover initially chosen on day one reduces in line with the outstanding balance on your mortgage. Essentially if you were to die during the term of the policy, your mortgage would be cleared and the policy would end.

In most cases you are legally required to take out a Mortgage Protection plan if you are taking out a mortgage and you must continue to keep this plan in force for as long as you have an outstanding balance on your mortgage.
We have been able to make considerable savings for clients who have existing Mortgage Protection Plans.

We offer quotes from all of the main insurance companies in the market.