Protect Your Family's Future with Mortgage Life Insurance
At Baker Hudson we understand the importance of safeguarding your family’s future. Our mortgage life insurance policies are tailored to cover your outstanding mortgage balance in the event of your death. The primary purpose of this insurance is to ensure that your loved ones can keep the family home without fear of repossession. Here’s why you should consider mortgage life insurance:
- Financial Security for Your Family: Mortgage Life Insurance provides peace of mind knowing that your family won’t face the risk of losing their home due to mortgage payments becoming unaffordable.
- Simplicity: The policy is straightforward. If you pass away, the insurance pays off the remaining mortgage balance, ensuring that your family isn’t saddled with this financial responsibility.
- Term Options: You can typically choose the policy term to align with the length of your mortgage.
- Premiums Tailored to You: Premiums are often designed to be affordable and can be customized to fit your budget.
- Customisation: You can enhance your policy with critical illness coverage, fracture cover or global medical coverage for added protection.