Mortgage Protection Information
Mortgages are most commonly protected by one of two types of Life Insurance:
Decreasing Term (Repayment Mortgages) & Level Term (Interest Only Mortgages (usually with a repayment vehicle)).
For an overview of all term assurance click HERE
For a more in depth look at Decreasing Term (often referred to as "Mortgage Protection"), click HERE
Should I include Critical Illness Cover?
Critical Illness Cover would help you cope with a serious illness with the payment of a lump sum in the event of a "Critical Illness".
Perhaps you would use this to settle your mortgage or other debts to enable you to give up work. Or you may wish to alter your home or vehicle to take account of a disability.