Mortgage Protection
Lose your mortgage not your home. Decreasing term assurance is a life insurance policy specifically designed to clear a mortgage in the event of the death of the life/lives assured. The payout sum on the policy will reduce over time, as the outstanding amount on a mortgage loan reduces. Some lenders require their borrowers to have a life assurance policy of this type before they will provide the mortgage loan. With decreasing term assurance your outstanding mortgage balance will be cleared in the event of your death. This could be seen as ‘lender cover’ but what about you and your family ?
To find out more information about mortgage protection please contact us and we will be happy to help.