Yes, we offer two different types of mortgage life insurance:
Mortgage Term Assurance - designed to help pay off your interest only mortgage if you die during the term of your policy.
Mortgage Decreasing Term Assurance - designed to help protect a repayment mortgage as the amount of cover reduces roughly in line with mortgage.
This is different for everyone as everyone's circumstances are different. You may wish to think about the amount of your mortgage and how many years are left to pay. If you're still unsure you should contact your financial adviser.
You are eligible to apply for mortgage life insurance if you are at least 17 years old and a UK resident at the time of applying.
Yes, you can add Critical Illness Cover. Adding this important benefit means that your policy will pay out on your death or on diagnosis of one of 41 conditions during the policy term. It also pays out if you are terminally ill and you meet our definition, except in the last 12 months of the policy. Learn more about Critical Illness Cover.
We recognise that sometimes your protection needs change so our polices allow you to make certain changes, giving you the freedom to:
We also offer 'Joint life separation'. This allows a joint policy to be split into two new single policies if a couple divorce, dissolve their registered civil partnership or change a joint mortgage into one name.
After applying for cover you will receive a 30 day cancellation notice which you must send back if you decide not to continue with the policy.
If you cancel within 30 days we will return any premiums paid. If you cancel after 30 days you won't get anything back.
Please remember that these policies are not savings or investment products and have no cash value unless a valid claim is made.
If you took a policy out online with Legal & General or provided a promotional code at the time of sale you could be eligible to receive a free gift. Terms and conditions apply.
Do you need single or joint life insurance? Read more about the different types and get instant online quotes for both.
Could your family afford to pay the mortgage if you died? Help make sure they never have this worry
We have a Defaqto five star rating for our Critical Illness Cover product.