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.

Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk.  The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending.  

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.  

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.