Life insurance doesn’t have to be doom and gloom
Many of us put off thinking about tragedy, but having life insurance in place can ensure that those who are important to you are in safe hands no matter what happens.
At The Mortgage Pod, we’re dedicated to ensuring that your mortgage process is as straightforward as possible, which also means that we’re here to secure the right life cover for you and your family.
Protect your home for your family
If you were to fall ill or pass away, the loss of income could jeopardise your family home; life insurance is here to look after the ‘what ifs’ and provide for ‘the just incases’. In these unfortunate instances, life insurance would provide a lump sum of money, providing your loved ones with security and stability at a difficult time.
Life insurance cover for the ‘what ifs’ and ‘just incases’
We all want the best for our loved ones and to ensure they never have to worry about security and stability. Therefore, life insurance is vital to consider when buying a property, especially if you’re buying your home with a partner. When your mortgage offer has been calculated on two salaries, life insurance could ensure your partner doesn’t have to worry about the mortgage repayments if the worst should happen.
We know it can seem quite morbid, and no one likes thinking about illness or death, especially at such an exciting time as buying your new home. However, life insurance can help you to prepare for all eventualities, so if the worst should happen, the safety net is already in place when you need it most. At The Mortgage Pod, we know that circumstances can change, and life insurance is there to support you.
Life insurance organised by your expert mortgage broker
Whether you’re currently in good health, you’re living with a serious illness, or you just want to ensure that your loved ones are taken care of if the worst should happen, The Mortgage Pod is here to ensure that you’ve got the best quality cover for your circumstances.
What else do you need to know?
Do I have to have life insurance to get a mortgage?
No, however, it is highly recommended that you take out a suitable life insurance policy to cover your family home and to support your dependents in the event of your death or becoming critically ill. Some lenders will insist on life insurance, although not all, but it’s generally preferred.
We recommend that you seek professional advice from your mortgage broker while arranging your mortgage for the cover that’s right for you and your family.
Do I need a mortgage broker for life insurance?
Like other types of insurance, you can shop around for life insurance. However, a mortgage broker has access to the whole market, which can make it much more convenient, and they may be able to secure a deal on life insurance that would otherwise not be possible. Life insurance doesn’t need to be completed by your mortgage broker simultaneously.
What does life insurance cover?
Life insurance will pay out either a lump sum or regular payments if you become critically unwell or die, depending on your cover. This gives your dependents financial support after you’ve gone. The amount of money paid out will depend on your level of coverage.