Norwich Union : Mortgage Life Insurance

Description

• Can help protect mortgage by paying out a cash lump sum designed to help pay off the outstanding amount in the event of your death, or diagnosis of a terminal illness during the plan term.
• The amount of cover reduces in line with your outstanding loan amount, so you are only ever paying for the cover you need.

For

Maximum amount payable

Period of cover 

• Minimum -one year
• Maximum-54 ( 9 years if aged 60 or over )
• Cover ends- age 70  if under 59
• Cover ends when mortgage ends

Benefits

• You choose the amount
• Level benefit basis
• Life cover
• Terminal illness
• Level premium basis
• Non-smoker discount
• Moving house and home improvement option
• Separation option

Options

• Premium protection
• Mortgage payment protection