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This insurance policy is tailored for capital repayment mortgages and features a decreasing lump sum. As you make monthly mortgage payments, the sum assured in the policy decreases in tandem with your declining mortgage debt. The premium remains constant and is aligned with the specifications and terms of your mortgage.
Mortgage Life Insurance, also referred to as mortgage protection insurance, is a specialised type of life insurance designed to settle any outstanding debt on your home loan. While a standard life insurance claim could potentially cover a home loan, mortgage life insurance is specifically designed for this purpose. If your coverage needs extend beyond mortgage repayment, opting for a comprehensive life insurance policy may be more suitable.
Please note that Mortgage Life Insurance differs from Mortgage Payment Protection Insurance (MPPI), which covers your repayments in the event of factors preventing you from working, such as long-term sickness or injury.
Mortgage Life Insurance, also referred to as mortgage protection insurance, is a specialised type of life insurance designed to settle any outstanding debt on your home loan. While a standard life insurance claim could potentially cover a home loan, mortgage life insurance is specifically designed for this purpose. If your coverage needs extend beyond mortgage repayment, opting for a comprehensive life insurance policy may be more suitable.
Please note that Mortgage Life Insurance differs from Mortgage Payment Protection Insurance (MPPI), which covers your repayments in the event of factors preventing you from working, such as long-term sickness or injury.
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Edgemont Financial Services Limited / Registered in England and Wales No: 11327586.
Edgemont Financial Services Limited is directly authorised and regulated by the Financial Conduct Authority. Edgemont Financial Services Limited is entered on the FCA Register (www.fca.org.uk/register) under reference 842215.
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