Life assurance can provide financial peace of mind in the event of the death of a loved one. At the mortgage broker we highly recommend that you take out a Life Assurance policy to cover either your existing or new mortgage and to protect your family by ensuring that your surviving partner can to pay off the outstanding mortgage and to continue their lifestyle without the added financial burden imposed in the event of your demise.
You can choose to either have a Term Plan, where the sum assured remains the same throughout the whole term of the policy, or a Decreasing Term Plan, where the sum assured reduces in line with the outstanding amount of your mortgage each month.
We can offer advice on comprehensive and competitive protection products from some of the Uk's top insurers: Legal & General, Zurich, Friends Life, and LV (income protection only). The plans aim to pay out a guaranteed sum of money if the Life Assured dies or is diagnosed with a terminal illness and is eligible to claim during the term of the plan.