The Basics    Your Options    Charges and Premiums    RIsk Factors

Mortgage life insurance - The basics 

• Mortgage life insurance, which Legal & General call Mortgage Term Assurance, is designed to help pay off your mortgage in the event of your death.
• The length of time you choose to be insured for is called the 'term'. You can choose a term between one and 40 years for Mortgage Term Assurance, or between five and 40 years for Mortgage Decreasing Term Assurance, depending on your age when you take the policy out.
• If you die during the term, your policy will pay out a lump sum of money.
• You choose how much life cover you buy. People often want their mortgage life insurance policy to pay out the value of their mortgage or other loan.
• Legal & General offers a choice between Mortgage Term Assurance and Mortgage Decreasing Term Assurance. This is explained in Your options.
• Both types of Legal & General's mortgage life insurance include Terminal Illness Cover at no extra cost.
• If you become a mortgage life insurance policyholder, you'll receive details of the free 24-hour moving day rescue service, SmoothMove. So if there's an emergency when you move house, services such as car recovery, hotel accommodation and legal advice are just a phone call away.
  To provide SmoothMove, Legal & General have teamed up with Inter Partner Assistance, one of the largest international emergency assistance organisations. Inter Partner Assistance provides the SmoothMove Insurance Plan.

More detailed Information is available on request. Call Patrick Macdonald on 01943 874816

• You may increase the amount of cover on certain events, (subject to certain conditions). This is your Guaranteed Insurability Option.

For insurance business we arrange policies exclusively through Legal & General