What Does Critical Illness Insurance Cover?
Question asked by Gemma Boughey
Can I Have Two Mortgage Life Insurance Policies?
I’ve got two houses, one of them I live in and the other I rent out. Is it okay to have a Mortgage Life Insurance plan for both properties?
Question asked by Sofia Tavares
29/03/2019
It is absolutely fine to take out two Life Insurance policies for mortgage and family protection.
For example, you may have two mortgages on different properties and wish to have separate mortgage life cover for both loans. Alternatively, you may have re-mortgaged and wish to top-up your Life Insurance.
It is very important to note this is not the case for Mortgage Payment Protection, where it is usually only possible to take out cover for your primary residence. Additionally, cover cannot usually exceed the lower of 125% of your monthly loan repayment or 65% of your gross income, depending on the insurer.
Frequently Asked Questions
What Is Mortgage Term Life Insurance?
Question asked by Sally Bishop
Can I Get Mortgage Life Insurance With a Pre-Existing Condition?
Question asked by Brendan Irvine
Can I Have Two Mortgage Protection Insurance Plans?
Question asked by Niall Jones
What Insurances Do I Need to Take Out for Mortgage Protection?
Question asked by Brendan Irvine
Should Life Insurance Cover the Term of Your Mortgage?
Question asked by Milly Sparks
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