termassurance

We are able to provide two different types of Mortgage Term Assurance policy designed to help repay your mortgage in the event of your death during the mortgage term. Each of these policies includes Terminal Illness Cover at no extra cost :

Mortgage Term Assurance

For this type of cover you pay a fixed monthly premium for the term you have chosen. The sum assured (i.e. the amount of life cover you have chosen) will be paid out as a lump sum if you die before the policy ends. The policy has no cash in value at any time and cover will end if you do not keep up the payments.

As part of this plan Terminal Illness cover is provided at no extra cost! If you are diagnosed with a terminal illness and are eligible to claim during the term, and are given less than 12 months to live, the policy will pay you the lump sum early to help you sort out your finances. This cover does not apply during the last 18 months of the period of cover.

It also provides a 24-hour rescue service on your moving day called SmoothMove, which is again at no extra cost!

There is also a comprehensive range of additional cover options, for example Critical Illness Cover, which you may want to consider as part of your plan to provide extra protection.

Contact our helpline on 01206 240800 today to see how we can help you with your mortgage protection arrangements