Life Insurance (Mortgage Protection)

Basic Life insurance for mortgage protection is designed to pay out a cash sum to help pay off your mortgage if you die during the length of the policy. The purpose of life insurance is to secure your home for your family after your death. Critical illness cover will pay you a lump sum to pay off or reduce your mortgage in the event you are diagnosed with a listed critical illness. We work with the whole market to provide the most affordable policies available that still provide the most adequate level of cover with no exemptions.

If you have a mortgage, repayments are likely to be your biggest monthly outgoing and, unfortunately, the need to pay it doesn't end if you're unable to work. So, it may be a good idea to take out mortgage insurance to cover your monthly cost in the event of an accident, sickness or unemployment.

One option is mortgage payment protection insurance (MPPI) where if you become unemployed or cannot work due to an accident or ill-health then your insurer will pay you a set amount each month to cover your mortgage repayments for one or two years.

Another option is income protection insurance (IP) which will pay a proportion of your income every month if you are not well enough to work over a set period of time such as until you return to work or reach retirement age.

There are a number of factors that must be considered when looking at protecting your family, our advisers are well placed to give you the advice and protection you need. Contact us today for comprehensive advice.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Opes Financial Partners Ltd, 1st Floor, 167-169 Kensington High Street, London, W8 6SH is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice. FCA number 598462.
Opes Financial Partners Ltd Registered in England and Wales No: 7556710 Registered Address: Sterling House, 27 Hatchlands Road, Redhill, Surrey RH1 6RW.
A typical fee of up to 1% of the mortgage amount may be payable on successful completion. The fee will be agreed with each applicant prior to submitting an application. The total fee is non-refundable. We may also be paid commission from the lender.