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Life cover

Life cover pays out a cash lump sum to help pay off your mortgage if you were to die during the policy term.

A life assurance policy is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term. 

Critical illness cover can be added to Legal & General’s term assurance policies at the outset for an additional cost. If you do add on critical illness cover, the policy could pay out the lump sum if you die or on diagnosis of a specified critical illness during the term of the policy. Or it could pay out if you are terminally ill, and you meet the criteria, providing the policy was set up with a minimum term of at least 2 years.

Mortgage protection

Life assurance can be set up to provide level or decreasing cover. Level cover means that the amount of insurance remains the same throughout the term. Decreasing cover means that the amount of insurance decreases roughly in line with the way a repayment mortgage reduces. Our mortgage and protection advisers can assess your needs and arrange the most suitable cover for you.

Free life cover is available at no extra cost between exchange and completion.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We do not charge for our advice. Instead, we simply charge a fee for arranging your mortgage of up to 0.5% of the mortgage amount. A typical fee is £499.

Family protection

The amount of insurance remains the same throughout the policy term. The benefit paid out can be used to help maintain family lifestyle and help with financial difficulty if the policy holder dies.

For more information on life cover contact one of our mortgage and protection advisers.

Contact a mortgage and protection adviser

With a team of fully qualified mortgage and protection advisers we are able to offer a wide range of services.

Call 020 8739 2068

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