How much does mortgage life insurance cost?
The amount that you pay for this type of life insurance depends on your personal circumstances, your mortgage and the level of cover that you’re looking for. You’ll often find that a mortgage life insurance policy will cost less overall than, say, a level term life insurance policy where you might pay more to guarantee a pay-out which is fixed for the whole policy life.
The best way to get an idea of how much you could expect to pay – and whether or not your dependants will get a lump sum after you pass away – is by doing a quick comparison with us, and telling us everything about you and the level of cover you need.
While it may seem like obvious to say, you’ll need to know how much cover you need and for how long. So, ask yourself what the outstanding balance on your mortgage is and how many years are left before you pay it off. Then simply answer a few personal questions about yourself and we’ll provide you with a range of quotes for life insurance from our panel of providers.