Status and Non Status Mortgages from 121-finance.com

  Status and Non Status Mortgages from 121-finance.com
 

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Life cover and mortgages

Life insurance like a pension, is an essential part of
financial planning and is particularly important for
homeowners.If you were to die a life insurance policy would
help to pay the outstanding mortgage on your home so your
partner/family would not be left with the financial burden
of repaying your mortgage along with their grief.

There are 3 different basic types of life insurance -
Whole life insurance
Term life insurance
Endowment insurance

All pay out a lump sum on death and can be used to pay
off any outstanding mortgage debt.

Term insurance is the cheapest and most popular type
of life cover associated with mortgages, particularly
reducing term insurance sometimes referred to as
Mortgage protection.

Click here to compare over 100 life insurance products


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YOUR HOME IS AR RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. ALL LOANS ARE SUBJECT TO STATUS. SECURED LOANS ARE SECURED ON PROPERTY

 

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