Categories: Market update

Life cover and your mortgage – hand in hand

One of the financial responsibilities of homeownership is to protect
yourself and your family. Life insurance and your mortgage are
inseparable companions.

  • One of the financial responsibilities of homeownership is to protect yourself and your family. Life insurance and your mortgage are inseparable companions.
  • Knowing that your family will have a roof over their heads brings invaluable peace of mind, ensuring that your home remains a place of security and comfort.
  • Premiums can be surprisingly affordable, especially when you’re younger and healthier. Securing a policy early on means you can get a lower rate and possibly make cost savings over the life of your loan.
  • Many lenders require borrowers to have life insurance as part of the mortgage agreement to ensure their investment is protected.
  • There is a choice of options, term; whole life; and critical illness cover. Tailoring your policy to your specific needs and budget is a smart financial move.

Taking out life cover is an investment in your family’s security and a responsible
financial decision that every homeowner should consider. So, talk to us.

As with all insurance policies, conditions and exclusions will apply
Your home may be repossessed if you do not keep up repayments on
your mortgage

Jake

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