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Mortagage Protection

Buying a home is one of the biggest financial commitments you’ll ever make so putting the right cover in place to protect it should be a top priority. Mortgage protection insurance is designed to pay off the outstanding balance on your mortgage in the event of death. 

You can also protect your home either fully or partly in the event of a Specified Serious Illness by adding Specified Serious Illness to your policy or taking separate cover.

Certain plans, like Convertible Mortgage Protection can give you a lot more value for your money and also safeguard your ability to get future cover, even if you later suffer ill health. Better still, it is more affordable than you might think.

  • Clear your mortgage
  • Secure ownership of your home

Contact me to receive choice and value for your mortgage protection plan - your lender will only offer options from one provider


                Mortgage Protection Options & Features


  • Reducing Balance Cover: This is the basic mortgage protection cover for a standard repayment loan and it is usually the minimum cover required by your lender. The cover starts at the initial loan amount and reduces in line with a predetermined interest rate. The interest rate used is usually higher than your actual loan interest rate. This allows for increases in interest rates. However, if interest rates rise to the rate used for your mortage protection policy, you should review your cover to ascertain that it is sufficient.
  • Level Term Assurance: This is standard term assurance used for mortgage/loan protection. The cover starts at the initial loan amount and remains constant. This may be required by your lender, depending on the loan type and loan conditions. Level Term Assurance may also be desirable for (a) surplus cover as your loan is repaid (b) where you plan on taking out loans in the future or topping up your mortgage in the future and you want to secure a minimum amount of mortgage/loan protection.
  • Specified Serious Illness Cover can be added to the above options.


Important Note
Life Cover and Specified Serious Illness Cover are subject to terms and conditions which are contained in a policy document. It is important to note that not all serious illnesses are covered under these policies. In order to make a valid claim, policy specific conditions must be met and certain exclusions apply. You should refer to the relevant policy document which is available on request and which will be provided where a policy is requested/proposed.