If you or those who depend upon you would suffer financially if you lost your job, became ill, critically ill or died, the last thing your family need is financial worry and fear of losing your home.

Mortgage Protection Policies

As follows:

 Mortgage Term Assurance

The aim of Mortgage Term Assurance is to pay off the mortgage if the life assured dies during the term of the mortgage. With level Term Assurance the Sum Assured stays level throughout the policy term whereas with Decreasing Term Assurance the sum assured reduces each year normally in line with the expected reduction in the mortgage loan.

Critical Illness Cover

A Critical Illness policy will pay out a guaranteed sum of money if the Life Assured is diagnosed with a critical illness the definitions of these illnesses are noted in the policy document. The policy can be stand alone or added to a Mortgage Term Policy.

Family Income Benefit

This plan pays an income for a set period to dependants in the event of the death of the life assured or diagnosis of critical illness.

A popular plan for families with young children

Mortgage Payment Protection Insurance

This plan is designed to pay the mortgage if the insured suffers an accident, illness or becomes unemployed the benefit is usually payable for a period of 12 months or 24 months, or on return to work if earlier.

Income Protection Plan

Income protection benefit provides the insured with a long term monthly benefit if they suffer an illness or accident and are unable to work. The monthly benefit is usually payable after a deferred period of 13, 26 or 52 weeks.

Building & Contents Insurance

Buildings insurance cover the usual perils fire, storm, flood and subsidence and other risks. 

Phone 01246 292351 

E-Mail   enquiries@mortgagesaving.org