Life Insurance protects your family and mortgage with a single lump sum if you die during the plan term. Your loved ones will get a guaranteed lump sum paid out if you die during the period of the cover

Most people have life insurance to cover financial responsibility such as:

  • Personal debt
  • College education for dependants
  • Funeral costs
  • Mortgages
  • Spouse/partner

There are two types of life insurance for mortgage protection as follows

Level Insurance

Level life insurance is where the cover amount remains the same throughout the life time of the plan. For example, if you take out a £200,000 worth of cover over 25 years, the amount payable would still be £200,000 in the event of your death during the term policy. This type of insurance are taken with customers whom have an interest only mortgage

Decreasing Insurance

Decreasing life insurance is where the cover amount decreases during the cover. These types of insurance are taken with customers on a capital and interest mortgage (repayment). The insurance is generally cheaper than level insurance.
We do any mortgage Ltd have access to the whole market for insurance. We Know Mortgages Ltd are agents with Aviva, Aegon, Friends Life, Legal and General, Zurich. We can source the most suitable products at competitive prices which could save you time and money. Speak to one of our advisers and we will go though your options. In addition, we can discuss trusts within the life insurance policy. We are based in Vale Of Glamorgan and offer face to face appointments if required.