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Insurance & Mortgage Protection


When you purchase a home it would be prudent to consider purchasing life insurance too. Life insurance can pay your dependants money as a lump sum or as regular payments if you die so that the mortgage can be cleared or mortgage or bill payments can be met. It is designed to provide you with the reassurance that your dependents will be looked after if you are no longer there to provide.

Life insurance covers the worst-case scenario, but it’s also important to consider how you might pay your bills or your mortgage if you couldn’t work because of illness or injury.

Lonsdale Mortgage brokers are qualified to discuss insurance and mortgage protection products. We will review a range of available insurance products to ensure we find the right product for you.

Insurance Products

Life Insurance

Life insurance pays out a chosen lump sum, to your dependents in the event of death within the chosen policy term. There are different types of life insurance cover:

  • Level Term Assurance pays out a chosen lump sum if you die within the chosen policy term.
  • Decreasing Term Assurance also known as Mortgage Protection pays out a reducing lump sum if you die within the chosen policy term, this is usually used to clear a repayment mortgage where the balance reduces over the term of the mortgage.
  • Family Income Benefit pays out a monthly income to your dependents if you die within the policy term. You choose the amount to be paid out and the period of the cover. Payments usually stop once the policy term ends.

Critical Illness Cover

Critical Illness insurance pays out a chosen lump sum if you are diagnosed with a critical illness or disability and covers the critical illnesses specified in the policy documentation, usually serious or long term conditions. Cover lasts for the period chosen e.g. until the mortgage is repaid or until retirement age.

Critical Illness cover can be added to a life insurance policy (level or decreasing term assurance) so the policy pays out in the event of death or an earlier critical illness or can be purchased as a standalone policy.

Income Protection

Income Protection pays out a percentage of your salary (usually around 50%) if you are unable to work due to illness or disability, so that you can continue paying your mortgage and bills. Income Protection pays monthly tax free payments if you have been unable to work due to illness after a deferred period, usually three or six months. Payments stop when you are able to return to work or when the policy ends. Cover lasts for the period chosen.

Amy Kadir, Lonsdale Mortgages, St Albans, Hertfordshire

Amy Kadir

Amy has worked as a mortgage broker for Lonsdale Mortgages in St Albans since 2007. In 2008 she achieved her Certificate in Mortgage Advice and Practice (CeMAP) qualification and became a fully qualified mortgage consultant providing advice on mortgages and ancillary products. Amy works with her clients from their initial enquiry all the way to mortgage completion.

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Save time and call our Lonsdale mortgage adviser on 01727 845500 for an initial no obligation mortgage review. Or complete our mortgage enquiry form and get the right mortgage for your situation.

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