Buying a new home is an exciting time! It’s the start of a new beginning in your life, and as a mortgage is such a big financial commitment, you need to think about protecting it.
None of us plan to get sick or die unexpectedly. We think it won’t happen to us, but in reality it could happen to anyone at any time.
Think of the life changing impact critical illness or even death could have on you and your family. The impact emotionally and financially could be devastating.
Robert and Chloe’s story
Robert and Chloe had been a couple for five years when they decided to buy a flat. They were both young and forging ahead with their careers, Robert had a career in marketing and Chloe was progressing well as a communications manager. Together, with their combined income of £50,000 and their savings, they purchased a flat.
It was an exciting time and over a few months their new flat became the home they’d always planned together.
They’d discussed taking out mortgage life insurance when they were purchasing the flat, but the mortgage payments and household bills were dominating their spending.
One day their bright future came to an abrupt halt. Whilst driving home Chloe swerved to avoid a crash, but her car careered off the road into a tree. Chloe received extensive head injuries and was on life support for several days before she lost her fight for life and died.
Robert’s future without protection:
Robert’s future with mortgage life insurance:
This is not advice, you should consider your individual circumstances when deciding what level of protection you need, if you are unsure you should seek advice from your financial adviser. All characters in this story are fictitious; any resemblance to people living or dead is purely coincidental.
The bills don’t stop coming when someone dies. Help protect your family financially with life assurance from £6 a month.
Could your family afford to pay the mortgage if you died? Help make sure they never have this worry.
If you have a repayment mortgage, this could be the right policy for you. Help protect your mortgage from only £6 per month.