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Mortgage Insurance Brokers in Leeds

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

We do not charge for our advice on protection insurances as we receive commission from the lender.

Coleman Clough Mortgages is an appointed representative of Coleman Clough Independent Financial Advisors Limited which is authorised and regulated by the Financial Services Authority

Coleman Clough Independent Financial Advisors Limited, The New Barn, Home Farm, The Avenue, Esholt, West Yorkshire, BD17