Life Cover protects you, your future and your family. Life Cover will provide a tax-free cash sum if you die or develop a Terminal Illness during the cover term of your policy. This can be used for a number of years after to help replace lost income or pay off a large debt such as your Mortgage.
Life Cover helps to protect your loved ones financially in the event of your death. Life Cover is designed to pay out a cash sum if you die or are diagnosed with a Terminal Illness usually with a life expectancy of less than 12 months, during the length of the policy.
This payout can be used to help pay the Mortgage or help protect the family's lifestyle and everyday living expenses.
Every family has a different set-up, so consider your personal circumstances. If you’re a homeowner, you may want to take out life insurance to cover the length of a Mortgage; for example, 25 years. If you have a family, could your loved ones afford things like childcare, educational costs and daily living expenses?
You may want to think about your annual salary multiplied by the number of years your family will be financially dependent on you. Think about the amount of money your family would need to maintain their lifestyle and cover things like everyday living expenses.
Life Cover costs vary according to how much cover you need, your age, and other factors such as your health history. To get a more accurate idea of how much your cover could cost send us a message using the form below and we will get straight back to you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. MOST BUY-TO-LET AND COMMERCIAL MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. We will charge a fee of between 0% and 0.3% of the mortgage advance. A fee of 0.3% on a mortgage of £100,000 would mean a fee of £300. The minimum fee we will charge will be £0. The maximum fee will be £395. Tyneside Mortgage Advice Centre Limited is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited. Personal Touch Financial Services Limited is authorised and regulated by the Financial Conduct Authority. Tyneside Mortgage Advice Centre Ltd acts as a credit broker not a lender. Company No. 4522811. Registered in England and Wales. You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with GDPR May 2018 requirements. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.
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