Mortgage Protection
A mortgage protection policy is a simple, low cost way to ensure peace of mind that your mortgage will be paid off and your family will not be financially burdened if you cannot work due to sickness, unemployment or an accident. A mortgage is probably the biggest single financial commitment that you will ever make so it makes sense to protect your mortgage to ensure that payments can be met even if your financial situation changes.
Mortgage Protection is designed simply on the payment of a premium, which remains the same for the duration of the policy, and in the event of the death of the policyholder the insurer will pay of the remainder of the mortgage.
It is very important to review your mortgage protection policy on a five-year basis and ensure that additional cover is taken out, if necessary, to cover extensions of the term of the mortgage, penalties incurred, etc. Life Insurance Guide
To understand a bit more about Life Insurance and the different type of policies, go to our Life Insurance Guide and let us find the right policy for you.
Guide to Mortgages
To understand a bit more about Mortgages and the different types of interest rates, go to our Guide to Mortgages and let us find the right mortgage for you. |