Do I Need Critical Illness Cover to Protect My Mortgage?
Question asked by Charlotte Khan
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 an Excess Period for Mortgage Payment Protection?
Question asked by Maisie Langridge
What Does Critical Illness Insurance Cover?
Question asked by Gemma Boughey
Can I Get Mortgage Life Insurance With a Pre-Existing Condition?
Question asked by Brendan Irvine
What's the Maximum Payout Length on Mortgage Payment Protection?
Question asked by Tony Hulme
What Type of Life Insurance Do I Need for a Repayment Mortgage?
Question asked by Jenny Swan
Contact Us
LondonBrighton
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
125-135 Preston Road
Brighton
BN1 6AF
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