Mortgage Life Insurance

Mortgage Life Insurance (also known as Mortgage Protection Cover) is used with a . As your mortgage is paid off over time, the amount of cover you need goes down with it, so you only pay for the cover you need. To keep the price down, all the money you pay is used to provide the cover for you. This means that you won't get any money back if you decide to cancel the policy. It also means you can't ever 'cash in' this type of policy.

If you have an or you want extra cover, then Level Term Life Insurance may be better for you. If you are not sure what type of cover you need, please contact the SmartMole team.

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