Mortgage Protection
When you take out a mortgage, it is often necessary that you take out mortgage protection policy to ensure that the mortgage is fully repaired even if you die. However lots of people are not told the full truth about mortgage protection and end up paying for too much cover and wasting money.
When we do a review for people we often find that people are paying too much for their Mortgage Protection and Life Insurance. Are You?
Get the right advice. Make sure you know the truth.
Here are some facts that you might not have known.
| You do NOT have to take out Mortgage Protection with your mortgage provider |
| You MUST review your Mortgage Protection at least every five years, because terms and conditions DO CHANGE |
| Mortgage Protection should be payable on a joint-life, first death basis (if joint ownership) |
| If you are under 50, you MUST get Life Insurance also |
| You do NOT have to take out Life Insurance with your mortgage provider |
| If you miss a payment, the Mortgage Protection policy MAY lapse |
| Critical Illness or Income Protection pays up if one partner gets ill or injured and can help pay the mortgage |
TO DO
- Check your policy now
- Make sure it sufficiently protects you
- Find out if you are paying too much
For a FREE consultation and review of your Mortgage Protection and Life Insurance click HERE
