Unlike Level Term Insurance, Mortgage Life insurance or decreasing term insurance offers peace of mind should something happen to you and your family are left with a hefty mortgage.
It’s called decreasing term insurance because both the sum insured and the premiums decrease over time and in line with your mortgage being repaid.
So if you die before you’ve repaid your mortgage, your spouse and family won’t need to be burdened with repayments. Mortgage Life Insurance is the best value way to ensure your home is protected should the worst happen. And you don’t need to get your Mortgage Life Insurance from your mortgage provider. In fact, it pays to shop around. Our advisors can help you to decide how much cover you need and search the market for the best deal for you.