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Life Insurance & Protection

In addition to arranging your mortgages, largemortgageloans.com can also arrange comprehensive life insurance & critical illness cover at competitive rates. Life cover is designed to help you repay your outstanding mortgage or maintain repayments if you become seriously ill or die, by providing either a cash lump sum or a monthly income.

Types of cover available include:

  • Mortgage Protection
  • Critical Illness Cover
  • Terminal Illness Cover

 

Details of level term mortgage protection policies are to the right, the type of insurance that is most suitable will depend on individual circumstances. To speak to one of our advisers about arranging life cover call us now on 020 7519 4900 or:

Get a Protection Quote.

largemortgageloans.com does not charge any fees for arranging mortgage protection policies.

Mortgage Protection

Mortgage Protection is a type of life cover where the level of benefits decreases over a fixed period of time and it is commonly used to repay some or all of the policyholder’s mortgage if they die during the term of the policy. As the amount of the loan reduces, so does the amount of protection. Mortgage Protection is often cheaper than Level Term Assurance because the sum assured reduces. With level term the amount of cover remains constant and therefore is more expensive.

Critical Illness Cover

The most comprehensive of cover as well as being the most expensive, this cover is designed to pay out a cash lump sum upon diagnosis of a specified critical illness. This will cover a range of illnesses and vary from company to company.

Terminal Illness cover

This is normally automatically included and the sum assured will be paid where an advanced or rapidly progressing incurable illness where, in the opinion of an attending consultant and or Chief Medical Officer, life expectancy is no greater than 12 months.

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