Mortgage Term Assurance
Do you want to make sure the mortgage is paid in full if something should happen to you before the mortgage ends?
A mortgage is the single biggest purchase most people will make in their lifetime. It enables you to buy a roof over your head for you and your family, making the future more secure and enjoyable.
Unfortunately it is a fact of life that some people will die before their mortgage is paid off in full. Everyone likes to assume they will live long into old age, but this isn’t the case for us all. If you have a family and a mortgage to pay every month, just imagine how much more secure you would feel if you took out mortgage term assurance. It provides security not just for you, but more importantly for your dependents too.
What is mortgage term assurance?
This is a form of life insurance that only pays out if you die before your mortgage is paid off in full. It is sometimes referred to as decreasing term life assurance. This is because the policy is designed to pay off your mortgage and nothing else, thus a lesser amount is required with each year that passes.
If you were to die two years before your mortgage was due to be paid off, the policy would pay out less than it would if you were to die ten years before it came to an end.
The policy therefore provides peace of mind and an assurance that your loved ones will not have to worry about paying the mortgage if anything were to happen to you.
As you can see it is worth thinking about whether this is the right policy for your situation. If you would prefer a larger lump sum that will clear the mortgage and leave money behind for your family, consider opting for life insurance instead.
Claim your free insurance quotes from insure4you today
If you think mortgage term assurance could be the right policy for you, the next step to take is to get some quotations from some of the biggest insurers around today.
Fortunately insure4you has made light work of this on your behalf. Simply provide us with a few essential pieces of information and we will search the market to find the cheapest and best deal for your needs.
We even provide a price promise match, to ensure you will always get the best deal from us. If you opt for a policy we find for you and then find the equivalent policy available more cheaply elsewhere, let us know and we will refund the difference.
Contact the dedicated and experienced team at insure4you today and we’ll start searching every insurer to find the best deal for you. Alternatively you can call us free of charge on 0800 121 8744 and we’ll assist you over the phone.
When you need a comprehensive, reliable and cost effective mortgage term assurance policy, you really can do no better than to come direct to insure4you.