Is a mortgage protection policy necessary?
A mortgage protection insurance policy is a good idea if you cannot afford a traditional life insurance policy and want to ensure your home goes to your heirs. If you find it difficult to get life insurance because of your age or a pre-existing medical condition, mortgage protection insurance is an option that’s worth considering.
How much does a mortgage protection policy cost?
When it comes to choosing the right policy, they can vary in price depending on the type of mortgage you have, the amount that’s paid off, etc. While many factors contribute to the price, our agents can find you a plan that fits into your monthly budget.
What’s the difference between mortgage protection insurance and traditional life insurance?
Mortgage protection insurance is designed to cover just your mortgage repayments if you die, whereas life insurance policies are there to protect you and your family.
How is it paid for?
Our comprehensive plans are broken down into monthly payments.
Is it required for my mortgage?
Absolutely not. Our agents are happy to discuss the pros and cons of each policy based on your current situation. We don’t pressure clients into policies we know aren’t right for them, that’s not us. We’re here to answer any and all your questions when it comes to a mortgage protection policy.