Why protect your mortgage

The range of mortgage protection products available today are designed to help you meet your mortgage commitments in the event of long term illness, unemployment, critical illness or death.

You should consider mortgage protection products if:

• You have a partner
• You have children who are dependent on you
• You have any ageing relatives depending upon you for support
• Your pension or savings will not be enough to protect your dependants if you die
• You are single and do not have someone to help you pay your mortgage if necessary
• You are wanting to help safeguard your business / estate

The ways to protect your mortgage include:

Mortgage Term Assurance

A plan which aims to provide a guaranteed sum of money if you die, or are diagnosed with a terminal illness and are eligible to claim, during the period of cover you've chosen.

Mortgage Decreasing Term Assurance

A plan which aims to provide a guaranteed sum of money if you die, or are diagnosed with a terminal illness and are eligible to claim, during the period of cover you've chosen. The amount of cover decreases during the term of the policy.

Mortgage Critical Illness Cover

A plan which is designed to pay out a tax free lump sum if during the term of the policy, you are diagnosed with a terminal illness or one of the specified critical illnesses, and are eligible to claim.

Mortgage Decreasing Critical Illness Cover

A plan which is designed to pay out a tax free lump sum if during the term of the policy, you are diagnosed with a terminal illness or one of the specified critical illnesses, and are eligible to claim. The amount of cover decreases during the term of the policy.

Mortgage Payment Insurance

A plan which is designed to provide you with a monthly benefit to help pay your mortgage if, due to illness, accident or unemployment (if selected), you are unable to work resulting in a loss of earnings