Mortgage Protection Insurance

Protect your home and family with decreasing term life insurance designed to pay off your mortgage.

[Image: Happy family in front of their home]

Important

This is a comparison website. We do not provide financial advice or recommend specific policies.

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Mortgage protection from £8/month

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Step 1 of 5 - Get your personalized quotes

Your Term Life Insurance Needs

Let's start with the basics to find you the best term life insurance coverage.

💡 Tip: Most people choose 20-30 year terms to cover their mortgage and children's dependency years.

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What is Mortgage Protection Insurance?

Specifically designed to pay off your outstanding mortgage

How It Works

Mortgage protection insurance is a type of decreasing term life insurance that's designed to pay off your mortgage if you die during the policy term.

The payout amount decreases over time, roughly in line with your outstanding mortgage balance, which keeps premiums affordable while ensuring your home is protected.

Key Features:

  • • Coverage decreases as your mortgage decreases
  • • Lower premiums than level term insurance
  • • Tax-free payout to beneficiaries
  • • Guaranteed acceptance (with health questions)
[Chart: Decreasing cover amount over time]

Why Choose Mortgage Protection?

Affordable peace of mind for homeowners

Protect Your Home

Ensure your family can stay in their home by paying off the mortgage completely.

Lower Premiums

Decreasing cover means lower premiums compared to level term insurance.

Perfect Match

Coverage designed to match your mortgage balance as it decreases.

Who Needs Mortgage Protection?

Essential protection for these situations

First-Time Buyers

If you've just bought your first home, mortgage protection ensures your family won't lose it if something happens to you.

[Image: Young couple with house keys]

Growing Families

With children depending on you, mortgage protection ensures they can stay in their family home and maintain stability.

[Image: Family with children at home]

Single Income Households

If your family relies primarily on one income, mortgage protection is crucial to prevent financial hardship.

[Image: Person working from home]

Large Mortgage Holders

The larger your mortgage, the more important it is to have protection that can pay it off completely.

[Image: Large family home]

How Much Coverage Do You Need?

Match your coverage to your mortgage

Coverage Calculation

What to Consider:

  • • Outstanding mortgage balance
  • • Mortgage term remaining
  • • Interest rate type (fixed/variable)
  • • Any existing life insurance
  • • Family's other financial needs
[Image: Calculator and mortgage documents]

Pro Tip:

Consider slightly higher coverage than your current mortgage balance to account for early repayment charges and to provide some additional funds for your family.