We don’t just help you find and secure the best mortgage deals, we take the necessary precautions to be sure that if the worst happened to you – you have the peace of mind that your loved ones will be protected.
Looking for life insurance?
Life insurance is designed to pay out a cash lump sum to your loved ones upon the death of the insured individual. If the worst was to happen to you, you will want to be sure that your family won’t have to deal with any financial stress, on top of dealing with everything else that comes along with a death in the family.
Life Insurance gives you the peace of mind that your loved ones will be guaranteed to stay in their family home with the mortgage repaid in full, if the worst happened to you.
If you have people that depend on you financially (such as a partner or children who will rely on your income) then it is more than likely you will need some cover in place. Likewise, if you have a joint mortgage, you will want to make sure that both applicants are protected if the worst did ever happen.
There are two types of life assurance; Level or Decreasing Term. Your individual circumstances will determine which policy will be most suited to you. Your Mortgage Library advisor will make a recommendation as to what cover will be best for you. They will compare products based on an analysis of a number of insurers and ensure that you get the best level of cover at a competitive price. The advice is fee free, even if you aren’t taking out a mortgage with us.
You don’t need to wait until you have moved into your new home before setting up the cover. The experts at The Mortgage Library will help you arrange a suitable cover in plenty of time for your moving date. You legally own the property from the day you exchange contracts, so it is vital you have something in place by this point.
This is all part of the service provided by our Librarians, and like everything else, is tailored specifically to your individual needs.
By Jay Thain | 03 October 2020
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