Insurance

Life cover Mortgage Insurance Life assurance

Find the best mortgage protection life assurance deals with Harbourside Financial - the independent search resource you can bank on. With standard repayment mortgages you will not receive automatic asurance cover. Although some companies will offer it along with their agreement, it is usually better value to shop around for individual life assurance policies and take out separate cover. With hundreds of different offers to choose from, this can be confusing. J P financial can find the best life assurance deal for you, no matter what your circumstances.

What is mortgage life assurance?

Mortgage protection life assurance is designed to repay the outstanding mortgage ammount on a repayment mortgage in full should you die before the end of the term. This means that your dependants will not have to make the mortgage payments in the event of your death - making it a very useful policy for couples. This type of cover is sometimes called decreasing life assurance, because the amount needed to be paid in the event of a claim goes down over time (as you pay off your mortgage). You may also want to think about term life insurance. This is a form of life assurance that ensures that the amount you receive will remain the same throughout the policy period.

Is mortgage life assurance right for you?

Most lenders recommend life assurance and Harbourside Financial can help you find the best value deal. It is less of a priority for people with no dependants, but nonetheless it should be a consideration for most people looking to take out a mortgage. It’s usually best to find a policy with fixed premiums, meaning that your monthly payments won’t change. We can also help you arrange a joint policy for couples or friends that co-own a house. Your policy will be based on age, financial circumstances and overall health. Mortgage protection Life assurance is normally use with a capital and interest mortgage otherwise known as a repayment mortgage.

What is term life insurance?

Term life insurance is a simple type of protection policy that covers the holder for an agreed period of time. The assured sum is only payable if the person dies during that term. It’s an important consideration when taking out a mortgage, as it protects loved ones in the event of your death. It’s up to you how long you want the cover for, and the amount payable remains the same for the duration of the term. Life term assurance is normally used along side an interest only mortgage as the sum assured does not decrease over time.

Is term life insurance right for you?

It’s usually advisable to consider life insurance, particularly if you have dependants. It’s usually best to find a policy with fixed premiums, meaning that your monthly payments won’t change. We can also help you arrange a joint policy for couples or friends that co-own a house. Your policy will also be based on age, financial circumstances and overall health. With a whole of market choice, we can help find the very best deals.

For more information or quotes on mortgage payment protection please contact us.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Harbourside Financial Ltd is directly authorised and regulated by the Financial Services Authority FSA No: 501208. We also provide advice on non-regulated products which are not authorised and regulated by the FSA.