If you were to die, would you like the knowledge that your mortgage will be fully repaid, thereby not leaving your family with a major financial commitment?
At Mortgage & Money Management we will identify your insurance needs and can put together a package to suit your circumstances and your budget.
We recommend cover on a level, increasing or decreasing term basis:
- Level term assurance offers you a set sum assured over the term you require.
- Decreasing term assurance lowers the sum assured in line with your mortgage.
- Increasing term assurance, also known as index linked life insurance increases your sum assured each year in line with the retail price index. This type of cover is usually used to counter act the effects of inflation.
Your monthly premium will depend on the amount of cover you have and the term. Other factors including your age and your medical/lifestyle history can impact the amount you pay each month or whether the cover is available with certain providers. Speaking with one of our advisers, they can ensure that you are applying for the right levels of cover with the correct provider at a price that suits you.