One of the financial responsibilities of homeownership is to protect yourself and your family. Life insurance and your mortgage are inseparable companions.
- Life insurance provides a safety net. A payout can pay off the remaining mortgage balance, ensuring that your loved ones can stay in their home without the burden of mortgage payments
- Knowing that your family will have a roof over their heads brings invaluable peace of mind, ensuring that your home remains a place of security and comfort
- Premiums can be surprisingly affordable, especially when you’re younger and healthier. Securing a policy early on means you can get a lower rate and possibly make cost savings over the life of your loan
- Many lenders require borrowers to have life insurance as part of the mortgage agreement to ensure their investment is protected
- There is a choice of options, term; whole life; and critical illness cover. Tailoring your policy to your specific needs and budget is a smart financial move.
Taking out life cover is an investment in your family’s security and a responsible financial decision that every homeowner should consider. So, talk to us.
If you have any questions on remortgaging please contact us at 01892 315 135 or Daniel@FieldandMarshal.co.uk
As with all insurance policies, conditions and exclusions will apply
Your home may be repossessed if you do not keep up repayments on your mortgage