Protect Your Home with Mortgage Protection Insurance
Why Mortgage Protection Insurance is Important
Owning a home is one of the most significant financial commitments anyone can undertake. But with that commitment comes the need to ensure that your home, and your family's future, are adequately protected. Mortgage protection insurance offers the ultimate safeguard for your home and financial security, stepping in to cover mortgage payments in times of illness, job loss, or death.
What is Mortgage Protection Insurance?
Mortgage protection insurance is a specialised type of insurance designed to cover your mortgage payments if you become unable to do so due to various life events such as critical illness, loss of income, or death. This ensures that your family can remain in their home without the added stress of financial instability. These are covered by different policies from Legal & General which, combined or individually, make up mortgage protection insurance.
Benefits of Mortgage Protection
Financial Security
In the event of unforeseen circumstances, mortgage protection insurance ensures that your mortgage payments are covered or financial hardship.
Peace of Mind
Knowing that your family can remain in their home regardless of what life throws at you provides invaluable peace of mind.
Flexibility
Mortgage protection insurance can be tailored to fit your specific needs, covering you against illness, job loss, or other eventualities.
Customisation
Policies are tailored to meet individual needs and circumstances.
Types of Mortgage Protection Insurance
Life insurance for mortgage protection pays off the outstanding balance of your mortgage if you die during the policy term. This type of insurance ensures that your family can stay in their home without the burden of mortgage payments.
Benefits
- Full mortgage repayment in the event of death, either in full or monthly repayments depending on your circumstances.
- Provides financial security for your family.
- Customisable term lengths and coverage amounts.
Income protection insurance provides a portion of your income if you are unable to work due to illness or injury. This ensures you can continue making your mortgage payments during your period of recovery.
Benefits
- Provides you with a regular monthly benefit
- Ongoing financial support during prolonged illnesses or injuries.
Critical illness cover pays out a lump sum if you are diagnosed with a specified critical illness. This lump sum can be used to pay off your mortgage or to cover other financial needs during treatment and recovery.
Benefits
- Lump-sum payment upon diagnosis.
- Covers a wide range of serious illnesses.
- Can be combined with other types of insurance for comprehensive coverage.
Why choose Embrace Financial Services
Expert Advice
Comprehensive Options
Personalised Service
Transparent Process
Additional Benefits included as standard
Wellbeing Support - whatever your situation, Wellbeing Support provided by RedArc Assured Ltd is just a phone call away, with personalised emotional and practical support from a dedicated registered nurse. Access included as standard on our protection policies.
Care Concierge - Care Concierge is a free confidential 1:1 telephone service that can help you and your loved ones understand and find later life care. You can gain information on types of care, finding care and paying for care.
A little thank you
When you take out a Protection policy through Embrace Financial Services, they’ll send you a £50 e-gift. From a choice of Amazon.co.uk, Argos or John Lewis. Find out more here.
Different types of protection products
Life Insurance
Critical Illness Cover
Income Protection
Rated 4.8
out of 5
Lewis Bovingdon-Boag and Kennedy Batho were both absolutely brilliant in helping out and supporting us through the process of getting a mortgage! We cannot thank them
Lewis Bovingdon-Boag and Kennedy Batho were both absolutely brilliant in helping out and supporting us through the process of getting a mortgage! We cannot thank them enough!
Our mortgage broker, Usamah, was fantastic! He made the whole process stress-free and was always available to answer our questions. Even when there were delays with
Our mortgage broker, Usamah, was fantastic! He made the whole process stress-free and was always available to answer our questions. Even when there were delays with the mortgage provider, he stepped in and sorted everything out quickly. His professionalism and dedication made a big difference, and we couldn’t recommend him more!
An exceptional experience with Embrace. Alison McCurley was my advisor and I could not have asked for better support throughout the
An exceptional experience with Embrace. Alison McCurley was my advisor and I could not have asked for better support throughout the entire process.
My situation was not a simple one, being on a stipend income from my PhD. Alison took it all in her stride, giving me confidence that it was possible to do. The communication thoughout the entire process to second to none and advice was always just an email or phone call away.
If you want a seemless buying experience, even if your situation is complex, Embrace are your answer!
Usamah (UC) Elmaghdy helped me with my mortgage and he was superb to work with. He had a lot of patience - at one point I must have sent him a dozen or so
Usamah (UC) Elmaghdy helped me with my mortgage and he was superb to work with. He had a lot of patience - at one point I must have sent him a dozen or so emails in a week asking for him to model different scenarios and yet he’d perpetually respond in a nanosecond. Though Hopefully this doesn’t put pressure on him to continue working 100 million miles per hour!
Usamah was really helpful, a pleasure to speak with him and I’d definitely recommend to friends and family.
Natasha was fantastic. The whole mortgage process was well explained and easy because of her. Plus she helped sort my insurances. There were issues along the
Natasha was fantastic. The whole mortgage process was well explained and easy because of her. Plus she helped sort my insurances. There were issues along the way which Natasha gave great advice for and at the last minute got us a better mortgage deal. Cannot recommend her enough.
Embrace are brilliant. Our advisor was Patricia Hunter and she deserves a medal for stamina and patience after working with us!! We were dealt
Embrace are brilliant. Our advisor was Patricia Hunter and she deserves a medal for stamina and patience after working with us!!
We were dealt some real obstacles and Patricia made sense of it, took as much stress away as possible and gave an honest, really friendly professional service.
We would really recommend her and Embrace. Thank you very much!