What is Protection?

Protection is a term used to describe different types of policies that can help keep you and your family protected, should the worst happen. 

As you go through life, your protection needs will change. Perhaps you’ll move home, start a new job or expand your growing family. With this in mind, it’s important to review your protection needs regularly - when you take out a new mortgage is the ideal time for this

 

For insurance business we offer products from a choice of insurers

Do I need life insurance to get a mortgage?

Life insurance is not a legal requirement to get a mortgage, however, we strongly advise that you consider having it. A mortgage is likely to be the biggest financial commitment you have, so it makes sense to protect it, especially if you have dependents such as a family who rely on your income to pay the mortgage.

The only insurance you need as a legal requirement to get a mortgage is buildings insurance

Father looking to his child

Types of insurance

moving house packing up the essentials

For peace of mind against worst-case scenarios, here are the different types of protection you should consider:

  • Life insurance 
  • Income protection
  • Critical illness cover
  • Buildings and contents insurance 
  • Mortgage payment protection
  • Mover protection