What would happen if you were to pass away during your mortgage term without life insurance? Would any surviving partner be able to afford the mortgage on their own? Would there be increased child care costs to factor in? Would it help if there was a sum of money to repay the mortgage in full and relieve some of the financial burden at a time of loss?
Life Insurance is used to help financial support your family if you die. It will not replace you, but it will provide a lump sum of money which can be used for things like paying off your mortgage, covering funeral expenses of just cover household bill for a while. You can choose hoe much life cover you have and over what term you are covered for. Every policy is unique and tailored to suit the policy holder.
Our experienced advisers can assess your circumstances to try and provide a suitable Life Insurance policy for your needs.
Contact us today about Life Insurance and protect the ones you love.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender.