Mortgage Protection Insurance

Mortgage protection insurance is designed to pay off your mortgage if you die. It runs for the same length of time as your mortgage so, if you take out a mortgage over 20 years, your mortgage protection insurance must also be in place for 20 years.

this type of insurance allows you to change providers during the term of your mortgage.

This type of insurance does not cover your repayments if you cannot work due to redundancy, sickness or disability. For this type of cover, you will need to get payment protection insurance (see our separate section). Make sure you have considered all your options first.