 |
 |
 |
 |
|
|
|
|
Mortgage
Protection Insurance UK - from Life-Assurance-UK.org
Mortgage Protection Insurance...Our Mortgage Protection Insurance plans are a commonly used way to provide protection for a 'repayment' style mortgage i.e. where your debt to the lender reduces over the mortgage term. If you die during the mortgage term, the 'mortgage protection' policy produces a lump sum which is used to pay off the outstanding balance of your mortgage. Over the plan term, the amount of life cover reduces to match your outstanding mortgage loan - this helps keep the cost down as you are only paying for cover you need. This type of policy is somtimes known as 'Mortgage Decreasing Term,' for that reason. In our experience, this is usually the cheapest way of insuring your repayment mortgage. It means that your home is paid for and your loved ones will not be left with a large monthly mortgage payment should the worst happen. Level Term Assurance with CIC...Often, people like to couple Mortgage Protection Insurance with Critical Illness Cover. This additional cover will provide protection for your mortgage payments should you develop a serious illness such as cancer , cardiac problems, or a number of other conditions listed on the policy. Or, go back to the Life Assurance UK homepage.
|
 |
 |
 |
| About Us | Contact Us | Site Map | Link To Us |  |