Mortgage Protection

This policy is designed so that the amount of benefit payable would be sufficient to repay the amount of mortgage outstanding, throughout the mortgage term i.e. a capital and interest repayment mortgage. If you die during the policy term your insurer will pay the calculated amount of cover at that time.

Protection plans typically have no cash in value at any time and will cease at the end of the term. If premiums are not maintained then cover will lapse.