I have a Repayment Mortgage. What sort of Life Insurance do I need?

You need Mortgage Life Insurance.

With Mortgage Life Insurance your insurance cover automatically decreases as your monthly mortgage repayments reduces the sum outstanding on your mortgage. This keeps the cost of your insurance down, but still gives you what you need to pay off the mortgage at any point if you die or become terminally ill*.

*Please note that most good Mortgage Life Insurance policies include free terminal illness cover.

Please note : The information contained within the FAQ section has been written by Mortgage Protected Online

Related questions:

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What’s the difference between Mortgage Life Insurance and normal Life Insurance?

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