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Insurance Broker Leeds

 

Life Insurance & Critical Illness

Go to;  Risk Factors Your Options

Mortgage life insurance - The basics 

  • Mortgage life insurance, or Mortgage Term Assurance, is designed to help pay off your mortgage in the event of your death or you contracting a critical illness if you opt for this option.

  • The length of time you choose to be insured for is called the 'term'. Normally you can choose a term between one and 40 years for Mortgage Term Assurance, or between five and 40 years for Mortgage Decreasing Term Assurance, depending on your age when you take the policy out.

  • If you die during the term, your policy will pay out a lump sum of money.

  • You choose how much life cover you buy. People often want their mortgage life insurance policy to pay out the value of their mortgage or other loan.

  • Mosr providers offer a choice between Mortgage Term Assurance and Mortgage Decreasing Term Assurance. This is explained in Your options.

  • Some types of  mortgage life insurance include Terminal Illness Cover at no extra cost.

  • Normally you may increase the amount of cover on certain events, (subject to certain conditions). This is your Guaranteed Insurability Option.

 

 

 

Insurance broker

Name

Address
Telephone

E-mail address

Amount of cover in £'s

Life Cover
Life + Critical Illness
Critical Illness only
Accident, sickness, unemployment cover
Accident & sickness only
Buildings & Contents

 

Life insurance broker Leeds

Your home may be repossessed if you do not keep up repayments on your mortgage

Coleman Clough Mortgages is an appointed representative of Coleman Clough Investment Management which is authorised and regulated by the Financial Service Authority.Typically we charge £395 for advising on and arranging your mortgage but a fee of up to 1% of the loan may be charged depending on your circumstances.

Coleman Clough Mortgages, The New Barn, Home Farm, The Avenue, Esholt, West Yorkshire, BD17 7RH