Protect your loved ones with life insurance
The most important part when planning your future is protecting you and your family.
Why do I need life insurance for my mortgage?
Life insurance should always be considered before you need it - just like car insurance.
Its always cheapest when you are young, fit & healthy so the sooner you put a policy in place the better.
When you die, your mortgage doesn’t go away. If you have a partner, children, or elderly parents who rely on you, getting life insurance means they’ll be able to pay off your mortgage if you’re not around to.
For repayment mortgages
As you pay off your mortgage balance, the amount you're covered for will go down too.
Decreasing term insurance is the best value for people with repayment mortgages, because you’re only paying for the cover you need.
For interest only mortgages
You’ll get that same fixed amount, no matter when you claim during the term you’re covered for.
Level term assurance is advisable as your mortgage balance will not go down and neither will this cover.