Mortgage Life Cover

Mortgage cover ensures your mortgage will be paid off if you die. It will prevent your home from being repossessed and secure it for your family.

Do I need Mortgage Life Cover?

• If your family could handle the repayments and household bills without you, you might not need Mortgage Life Cover - especially if you've nearly paid off your mortgage.
• You might not need cover while you're single and childless, but remember: Mortgage Life Cover is at its cheapest when you're young and in good health - it might be harder to get if your circumstances change.

There are two main types of Mortgage Life Cover: Level Term Cover and Decreasing Term Cover. The type you might need will depend on your mortgage.

Interest Only Mortgage

If you have an interest only mortgage your debt stays the same throughout the term of the mortgage. You'll need a level term policy to pay it off.

Repayment Mortgage

If you have a repayment mortgage, your mortgage debt will decrease as you pay it off. A decreasing term policy covers what's left to pay on your mortgage.

Speak with an Adviser and we'll find the best cover for you.