Moving house is a stressful time and their are lots of things to do like changing your address with banks, driving licence dept, schools and the list goes on. Usually when people move they move into a bigger more expensive house as their family grows and so maybe a mortgage of £150’000 is now £225’00’.
Would you current life insurance mortgage policy cover that if you died? The lump sum payout before for the house would have been just enough to pay off your old mortgage or house value.
When moving house you need to do a rain check on all your life cover polices to check what values they pay out and check whether they are for enough value to cover big debts like your mortgage, loans and …
Getting a quote for life insurance is the first step to protecting you and your family’s future without you.
When you have a quote for life insurance that covers you for your debts, mortgage, funeral bills, etc the monthly life insurance costs may be a little too high. Fear not as you can always reduce the monthly amounts by not covering all of your mortgage. This would help huge amounts if you passed away and would mean your family would have a very small monthly repayment on their home.
The opposite would be no life insurance and having to pay all of the mortgage back as you were. So the advise anyone would give is that it is better to have *some* life insurance policy in place and have …
Single Life Insurance cover
Only on your death You’re diagnosed with a terminal illness (terms may apply)
You can select a Life Insurance policy With Critical Illness Cover that will pay out if you suffer from a pre- defined critical illnesses. Policies usually only pay out once from this cover.
Joint Life Insurance cover
A joint life insurance is a policy that insures two lives. It pays out when:
Either of the insured dies first Either of the insured are diagnosed with a terminal illness (terms may apply).
You can select a Life Insurance policy With Critical Illness Cover that will pay out if you suffer from a pre- defined critical illnesses. Policies usually …