What is mortgage protection?
Also known as Decreasing Term Assurance (DTA), this is one of the least expensive life insurance products available. The initial level of cover gradually reduces over the term of the contract in line with your mortgage repayments until they both reach zero at the end. In the event of an interest only mortgage this product could be designed for the cover to remain level throughout the term of the loan.
Mortgage protection clears your mortgage in the event of your death therefore ensuring your home is secure.
- Provides peace of mind and protection for you family
- Variations of cover
- Cover can be extended to include critical illness. See critical illness for more information