Mortgage Protection

Make sure your mortgage is always covered.

Pangea Life are independent specialists here to help homeowners secure the right protection for their mortgage and their family.

ENQUIRE NOW

SPECIALISTS IN mortgage protection

For most people, their mortgage is their biggest monthly outgoing.

Mortgage protection insurance (also known as mortgage life insurance) is a type of term life insurance. It's specifically designed to make sure your mortgage or other long-term loan is paid off if you're terminally ill or pass away.

Types of mortgage insurance cover:

Decreasing term insurance: The cover amount decreases roughly in line with the outstanding amount on a repayment loan.

Level term insurance: The cover amount remains the same for the duration of your policy. It'll only change if something happens, like you make a claim or change your cover.

At Pangea Life, we work with you to ensure you have the right level of cover in place, tailored to your needs and circumstances, including factors such as the length of your mortgage, your health and lifestyle, and any risks associated with your occupation.

FREQUENTLY ASKED QUESTIONS

What is mortgage protection insurance?
Mortgage protection insurance is designed to help repay your mortgage if you die, become seriously ill, or are unable to work due to illness or injury. It provides financial support so your family can remain in their home without the worry of mortgage payments.
Do I need mortgage protection insurance?
Mortgage protection isn’t legally required, but it is highly recommended. Your mortgage is likely your biggest financial commitment, and protection ensures your loved ones won’t struggle to keep up repayments if something unexpected happens.
How much mortgage protection cover do I need?
The amount of cover you need usually depends on your outstanding mortgage balance, the length of your mortgage term, and your personal circumstances. Many policies are designed to match the value of your mortgage so it can be repaid if the worst happens.
How much does mortgage protection insurance cost?
The cost of cover depends on factors such as your age, health, lifestyle, occupation, and the amount of cover required. Many policies are more affordable than people expect, especially if arranged earlier in life.
Can I get mortgage protection if I have health conditions?
Yes, in many cases you can still get cover even if you have existing health conditions. The terms or premiums may vary depending on your circumstances, which is why it’s important to get advice from a specialist.
Is mortgage protection the same as life insurance?
Mortgage protection often uses life insurance as the core policy, but it can also include critical illness cover or income protection to provide broader financial protection.
How do I get the right mortgage protection policy?
Speaking with our mortgage protection specialist at Pangea Life can help ensure you choose the right type and level of cover for your circumstances, giving you confidence that your home and family are protected.

Contact the Pangea Life team directly on 02382 354 354 or email enquiries@pangealife.co.uk to enquire about your mortgage protection today.