Life Insurance Mortgage Protection

If you have a mortgage, you'll know how important a part your income plays in enabling you to meet your monthly repayments.

If you're worried about how repayments would continue if you were no longer around, then mortgage protection life insurance may be the answer.

Seeing the future

We probably all like to think that we'll die at a ripe old age secure in the knowledge that the financial future of our nearest and dearest is safe.

Unfortunately, we often don't have much control over death or accidents - these things can and do happen and not always at a time we would have chosen.

We do however have some degree of control over how we manage our affairs to ensure that should the worst happen, we know we have done the best we possibly can to safeguard our family and the family home.

Mortgage protection

Mortgage protection life insurance from Protect your Bubble is a product that is designed to pay off the outstanding amount of your mortgage if you die as a result of illness or accident before your mortgage is cleared. Not having to worry about keeping the roof over their head could make all the difference in helping your family cope with bereavement - something generally acknowledged to be one of life's most stressful experiences.

Mortgage protection life insurance is also known as Decreasing Term Life Assurance. This is because with many types of mortgage, each monthly repayment you make, decreases the amount that you owe to your lender. Over time, the amount that you would have to pay to clear your mortgage decreases too and so, therefore, do your premiums.

The life span of this type of insurance is variable but could typically coincide with the term of your mortgage itself and ends when your mortgage is paid off. Products of this nature do not pay out lump sums at the end of their term. They will only pay out in the event of your death and payment is made direct to your mortgage lender.

Illness protection

You may also have some concerns about what would happen to your financial position if you were unable to work as a result of illness. Protect your Bubble can provide cover for this eventuality which you can combine with our mortgage protection insurance product to give you complete peace of mind.

This can also include critical illness cover, a policy that can provide a lump sum should you be diagnosed with an insured critical illness.

We live in what can at times be a very uncertain world. There are some things, like mortgage protection life insurance which could help you maintain an element of control.

"As with all insurance policies it is important that you read the terms and conditions of this policy for full details of cover, including exclusions and limitations. This will help you understand the level of protection that this product provides."