How long does my Mortgage Life Insurance policy need to last for?

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For mortgage protection purposes you need to be insured for the same period of time as the term of your mortgage. The initial sum insured will match the capital sum you owe on your mortgage.

All returns from life insurance policies are tax-free.

IMPORTANT.
If you want insurance in case you are unable to work through sickness, accident or unemployment, and therefore unable to pay your mortgage, then you need Mortgage Payment Protection Insurance.

If you want insurance cover to pay off your mortgage in total if you became critically ill, you need Critical Illness Insurance.

 
Please Note:
This web site is owned by Financial Connexions Ltd. Financial Connexions Ltd, is authorised and regulated by the Financial Services Authority for insurance mediation.