Family Protection Insurance
FINANCIAL SUM INSURANCE, THAN JUST THE OUTSTANDING MORTGAGE
Family Protection – Safeguard your family and their living standards should the worst happen.
An array of insurance which will provide you with the financial assurance, should you be made redundant, become too ill to work, or die.
Level Term – the cash lump sum insured remains the same for the set term, for example 25 years. The cash sum can be used to repay the mortgage and the remainder to live on.
Decreasing Term – the cash sum decreases over the term covered, usually used to repay the outstanding mortgage balance. This typically does not leave any remaining cash to live on.
All our mortgage advisers will also provide advice and insurance recommendations to protect you and your family.
Mortgage Insurance – Decreasing Life Insurance
A decreasing term live insurance will typically only provide a lump cash sum to repay the outstanding mortgage balance. It will not provide any additional money to live on if monthly premiums are less than a level term life insurance policy because the cash lump sum reduces over the term.