Mortgage Protection
Ensure your mortgage is paid if you die or become seriously ill.
Mortgage protection insurance ensures your mortgage can be repaid if you die or become critically ill during the mortgage term. It gives you and your family the security of knowing your home is protected — whatever happens.
What is Mortgage Protection?
Mortgage protection typically takes the form of decreasing term life insurance, where the sum assured reduces in line with your outstanding mortgage balance. It can also include critical illness cover, ensuring the mortgage is paid if you are diagnosed with a serious illness. Some people prefer level term insurance to provide additional cover beyond the mortgage balance.
Who is it suitable for?
Key Benefits
Example Scenarios
First-time buyer
A couple buy their first home with a £250,000 repayment mortgage. They take out a joint decreasing term life insurance policy. If either dies, the policy pays off the outstanding mortgage balance.
Adding critical illness cover
A homeowner adds critical illness cover to their mortgage protection policy. When he is diagnosed with cancer, the policy pays off his mortgage, removing a significant financial burden during his treatment.
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Why Choose JK Insurance Brokers?
- Whole-of-market access
- FCA authorised & regulated
- No broker fees
- Business protection specialists
- Personal, one-to-one service
- UK-wide advice