Our Expertise
Life Insurance
Mortgage life insurance is designed to pay out on death during the policy term, helping those left behind meet the mortgage or other commitments.
Overview
What is life insurance?
Life insurance pays a benefit if you die during the term of the policy. Where it is arranged alongside a mortgage, the aim is usually that the outstanding balance could be repaid without the property having to be sold.
Cover can be structured in different ways. Decreasing cover reduces broadly in line with a repayment mortgage. Level cover stays the same throughout. Family income benefit pays a regular amount rather than a lump sum. Each suits different objectives.
Who might this be suitable for?
- Homeowners with a repayment or interest only mortgage
- Couples who share financial commitments
- Parents with dependent children
- Business owners with personal guarantees
How Help to Lend can help
- 01We discuss what the money would actually need to do for your household.
- 02We explain the differences between decreasing, level and family income structures.
- 03We consider whether writing a policy in trust may be appropriate.
- 04We help with the application and any medical underwriting requirements.
Assessment
What may lenders and providers consider?
Type of cover
Decreasing, level and increasing options behave differently over the term.
Term length
Cover is often aligned to the mortgage term, though longer terms are sometimes appropriate.
Health disclosure
Full and accurate disclosure is essential. Non-disclosure can affect a future claim.
Trusts
A policy written in trust may pay out more quickly and sit outside the estate for inheritance tax.
Criteria vary between providers and can change at any time. Nothing here confirms that a particular lender or insurer will accept an application.
The Process
How we work through it together.
- 01
Understand
We start with a conversation about your circumstances, plans and objectives.
- 02
Assess
We review your position, affordability and mortgage requirements in detail.
- 03
Recommend
We identify suitable mortgage and protection options and explain the reasoning.
- 04
Apply
We prepare and manage the application, liaising with the lender on your behalf.
- 05
Progress
We keep the case moving and keep you informed at every stage.
- 06
Complete
We support you through to completion and remain available afterwards.
FAQs
Frequently asked questions
Related
Related expertise
Speak to an adviser about your circumstances.
We'll explain the options clearly and tell you what to prepare, with no obligation.
- 20+ Years of Advice
- Whole of Market Panel
- Support to Completion