Mortgage Protection Cover
Mortgage Protection Cover (commonly known as mortgage protection), is a popular form of life insurance. This type of plan will pay off your mortgage if you die during the terms set out.
Mortgage protection cover is a must-have for any mortgage holder because mortgage lenders will require you have this in place before they grant you a mortgage.
At Cleere Life & Pensions we are a multi intermediary, this means we can source the best product at the best price to suit your and the Bank’s needs.
The Benefits of Mortgage Protection Cover are:
This plan pays out a cash lump sum to cover your mortgage if you die during the term of your plan.
.You can also choose to add on Specified Illness Cover, which will provide a cash lump sum to help you repay your mortgage if you are diagnosed with one of the specified illnesses covered during the term.
Your monthly premium will stay the same for the whole period you’re insured for.
There is some terms and conditions with different lenders and Cleere Life & Pensions will go through this with you when you are applying for the cover.
Talk to us about Mortgage Protection
| WARNING: If you do not keep up your repayments you may lose your home. |
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| WARNING: You may have to pay charges if you pay off a fixed-rate loan early. |
| WARNING: The cost of your monthly repayments may increase. |
| WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. |