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Mortgage Life Protection

This type of insurance is also commonly called
Mortgage Protection
Decreasing Term Assurance

There are two major reasons for insuring your mortgage. The first is in case you can't pay it owing to accident, sickness or unemployment. The second is is in case you die. This section covers the latter type.

This is a type of life insurance that is designed to pay off your mortgage in the event of your death.

This is to ensure your family don't lose the home (ie because they can't afford to keep paying the mortgage now that the main breadwinner has gone).

Your beneficiaries would usually get a lump sum to pay off the mortgage in one go.

The relevance of the term "decreasing" is as follows; because what you owe on your mortgage decreases with time, (ie as you've paid more of it off), so does the amount of cover provided and so does the premium you have to pay every month.

Mortgage Protection Decreasing Term Assurance is considered to be a cheaper form of life cover than straightforward life insurance.


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Permanent Health Insurance

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Mortgage Life Insurance

Buildings and Contents Insurance

Mortgage Payment Protection Insurance

Mortgage Protection Decreasing Term Assurance

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