Life Cover
Life insurance can provide a lump sum to your beneficiaries if you die during the period covered by the policy, subject to the policy terms and conditions.
Life Insurance
Protecting What Matters Most
A mortgage is likely to be one of the largest financial commitments you make. Life insurance can provide financial protection for your loved ones if you were to die during the period covered by the policy.
The right level of cover depends on your circumstances, financial commitments and the level of protection you want to put in place.
Protection Options
Three Types Of Cover To Consider
Critical Illness Cover
Critical illness cover may pay a benefit on the diagnosis of a specified condition defined within the policy. Definitions, exclusions and conditions vary by provider.
Income Protection
Income protection is designed to provide a replacement income if you are unable to work due to illness or injury, subject to the policy terms, deferred period and eligibility.
Why Consider Life Insurance?
Financial Support For Those Who Depend On You
Life insurance may help provide financial support for your family or dependants following your death. Depending on the policy, the proceeds could potentially be used towards:
- Outstanding mortgage commitments
- Household expenses
- Family living costs
- Other financial commitments
- Providing financial security for dependants
Protection For Your Mortgage
For homeowners, life insurance can form an important part of wider financial planning. If you were to die while your mortgage remained outstanding, your family could still be responsible for meeting the mortgage repayments.
A suitable life insurance policy may provide a lump sum that could help with the financial impact. The amount and type of cover required will depend on your individual circumstances and the policy selected.
A Personal Approach
Just as every mortgage application is different, everyone's protection needs are different.
We take the time to understand your circumstances, explain the options available and help you consider the level of cover that may be appropriate.
Review Your Protection
Life insurance can be considered separately from your mortgage, although many homeowners choose to review their protection when taking on a significant mortgage commitment.
Important Information
The suitability of any policy depends on your individual circumstances and the policy terms.
Policy terms, exclusions and conditions should be reviewed carefully before proceeding.
Your home may be repossessed if you do not keep up repayments on your mortgage.