- A Mortgage Protection policy clears your mortgage if you die before your mortgage is paid-off.
- A Mortgage Protection policy is legally required when taking out a residential mortgage.
- A Mortgage Protection policy won’t leave a lump sum for any dependants / family.
- A Mortgage Protection policy is the most basic type of Life Cover available – it just clears your mortgage if you die before your mortgage is paid off.
- It is possible to add Specified Serious Illness Cover to a Mortgage Protection policy – this type of policy would pay off your mortgage should you be diagnosed with a Specified Serious Illness within the term of your mortgage. Adding Specified Serious Illness Cover to a Mortgage Protection policy is becoming increasingly popular.
*** Premiums quoted for Mortgage Protection policies vary. It is important to shop around to get the best deal. At ACE Life & Pensions, we can shop around for the best deal on your behalf.
Contact us today for a Mortgage Protection Quotation