Life Insurance Cover

Your mortgage is probably the largest financial commitment you have so you need to ensure that if either you or your partner were to die, your family would be able to remain in the home you have built for them.

Life cover is therefore essential cover for your mortgage. It is designed to repay your mortgage if either you or your partner dies during the term of the mortgage. With no further mortgage payments being required your family would find it easier to cope with the loss of one income.

Only a few lenders now require you to assign the policy to them as security but they all recommend that you have the appropriate protection in place so that your family will not suffer financial hardship if you were to die.

If you are taking out an Accelerator self build mortgage or Advance short term finance it is a requirement that you have life cover in place.

Nowadays, more and more people are combining their life cover with critical illness cover to give them more comprehensive cover because the serious illness of the major breadwinner can have the same devastating effect on a family’s finances as death.

For more information and to obtain a quotation for cover call BuildStore on 0870 872 0908.