This will provide a lump sum to pay your mortgage if you die before it has been fully paid off.
What you need to know
This is what’s traditionally known as Life Assurance. Closely related to this is Mortgage Payment Protection Insurance, which will continue to pay your mortgage if you become sick or have an accident.
Cheap insurance isn’t always better
It’s not nice to think about, but in the event of your death, it’s reassuring to know that your loved ones will be provided for. This is why getting the right Life Assurance at the right price is so important. Trying to find this on your own can be tricky especially with the amount of small print you have to contend with.
There are three main forms of Mortgage Protection Insurance:
Level term – this is used when you have an interest only mortgage.
Decreasing Term – this is used when you have a repayment mortgage.
Mortgage Payment Protection Insurance (MPPI) – this does not cover you for death but will make payments on your mortgage if you’re ill or have and accident.
Broadbench offers a simple solution to help you get the right Mortgage Protection Insurance quotes:
- We’ll understand what you need to be covered for and how much you can afford a month
- We’ll find a policy to suit your budget and your needs
- We’ll look at all the small print to ensure you’re covered for what you want
- If you’re happy, we’ll do all the paperwork for you
Why choose Broadbench for your Mortgage Protection?
- We offer a free impartial service tailored to your needs
- We have access to a wide range of mainstream and specialist providers
- We’ll review your policy if your circumstances change to ensure you’re correctly cover
Ok, how does it work?
