Life Insurance & Protection

In addition to arranging your mortgages and secured loans, Largemortgageloans.co.uk can also arrange comprehensive life insurance & critical illness cover at competitive rates and our service is completely free. Life cover helps you repay your outstanding mortgage or maintain repayments if you become seriously ill or die, by providing either a cash lump sum or a monthly income.

Types of cover available include:

• Mortgage Protection
• Critical Illness Cover
• Terminal Illness Cover

 

Details of the above policies are to the right. To speak to one of our advisors about arranging life cover call us now on 020 7519 4900 or:

Get a Protection Quote.

Mortgage Protection

Mortgage Protection is life cover that decreases over a fixed period of time and it is often used to protect repayment mortgages or home loans. As the amount of the loan reduces, so does the amount of protection. Mortgage Protection is often cheaper than Level Term Assurance because the sum assured reduces. With level term the amount of cover remains constant and therefore is more expensive.

Critical Illness Cover

The most comprehensive of cover as well as being the most expensive, this cover will pay out a cash lump sum upon diagnosis of a critical illness. This will cover a range of illnesses and vary from company to company.

Terminal Illness cover

This is normally automatically included and the sum assured will be paid where an advanced or rapidly progressing incurable illness where, in the opinion of an attending consultant and or Chief Medical Officer, life expectancy is no greater than 12 months.