Speak to our UK team 03300 949 409

Life Insurance

How much can I borrow?
Monthly Payments Calculator
Single Mortgage:
Joint Mortgage:

View our user-friendly fact sheets to help you make your own decisions about your mortgage today

Insurance Advice

At My Mortgage & Protection Expert we can help protect your home and family. While we’re helping you choose the best mortgage we can also offer advice on the right insurance. Should the worst happen, a life Insurance policy will provide your family with an income should die. This gives you the peace of mind that you can take care of them even if the worst did happen. Call our team to find out how to ensure your family are provided for. You’ll receive the same great service to find the best insurance as well as the right mortgage for you and your family.

Book an Adviser’s Time

Life Insurance Mortgage

A mortgage is likely to be the biggest monthly outgoing for most families. A Mortgage Life Insurance Policy would ensure your family can meet the mortgage payments if you were to die.  There are different types of policy and we recommend you take advice to ensure you have the right policy to protect your family. Call our UK team to discuss how you can ensure your family home remains just that in the event of your death.

Benefits of Life Insurance

The benefits of life insurance cannot be under estimated. The value of the cover as peace of mind to assist if the worst were to happen is extremely valuable. As with mortgages the ranges of cover available, how policies should be set up and which insurer will offer the most comprehensive cover means that advice is generally beneficial when reviewing your cover requirements.

As part of the mortgage advice process My Mortgage Experts will assist with this process by providing a Mortgage Protection Report specific to your requirements. This report will detail all other available insurance products to protect you, your home and your family and will include the costs of these products.

Critical Illness Cover

If you are diagnosed with a critical Illness you may not be able to work or your income could be effected. With advances in medical treatment you may survive a critical illness and these policies can help you survive financially. Critical illness cover will pay a policyholder a tax free lump sum in the event of diagnosis of an illnesses specified by the policy. Most modern policies cover in excess of 40 differing medical conditions, these typically will include certain types of cancer, heart attack, stroke, brain tumour and others.

This means that in the event of a successful claim money is available to repay the mortgage loan or could even be used to fund expensive medical bills, clear debts to make your finances easier to manage. The benefit is that funds are available to ease the financial burden at a difficult time. This type of policy is beneficial for individual mortgagees where they are wholly responsible for the mortgage loan or with joint mortgagees where effects of a critical illness would impact on the ability to repay the mortgage.

Life Assurance

Life assurance can be taken out on a single life, your own life or the life of other individuals, such as your spouse or business partner, provided you can show that there is a financial relationship between you. With a joint mortgage there is an insurable interest between the parties.

A joint life first-death policy pays out on the first death of one of the lives assured.

A single life policy will pay out on the death of the life assured.

A joint life last-survivor (or joint life 2nd at death), policy pays out on the death of the last of the lives assured.

Benefits of Life Assurance

The benefit of a life assurance policy is that it guarantees that if a life-assured dies or if covered for critical illness, the life company will pay out a cash sum. This money will be paid to the person paying the premiums or, if the sole life-assured has died, the proceeds will be passed into his or her estate and distributed according to the terms of the will. If there is no will, the sum will be handled according to the laws of intestacy.

Other Types of Insurance

Income Protection

There are lots of Income protection plans to cover your costs should your income fall due to an accident or unemployment.

Family Income Benefit

This is to provide an income to your family aside from Mortgage repayments. This will help your family continue to survive financially in the event of your death.

Get in touch

Latest News

Keep up to date with the latest news