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
We recently worked with Usamah Elmaghdy at Embrace Financial Services, and we couldn't be happier with the experience. From
We recently worked with Usamah Elmaghdy at Embrace Financial Services, and we couldn't be happier with the experience. From start to finish, Usamah provided excellent guidance and support throughout the mortgage process, making what can often feel overwhelming completely manageable.
Usamah was professional, approachable, and incredibly knowledgeable. He was always available to answer our questions and explained everything clearly, ensuring we understood every step of the process. His proactive communication and attention to detail made a significant difference, keeping us informed and reassured at all times.
Thanks to his hard work and expertise, we were able to complete our purchase smoothly. We’re also thrilled with the protection policy he helped us set up. It has been a pleasure working with him, and we wouldn’t hesitate to recommend his services to anyone in need of financial advice.
Thank you, Usamah, for all your help and for making this milestone in our lives so much easier to achieve!
Angela looked after us before, during and after the mortgage application for us, and we felt like she had our best interests at heart through the whole process. Each time we
Angela looked after us before, during and after the mortgage application for us, and we felt like she had our best interests at heart through the whole process. Each time we spoke she was friendly, helpful and polite. She worked hard to represent us when it wasn't a very straight forward process. Thank you!
Denied a mortgage with our bank and went via Simon who sorted us out with a great deal and has made our family very happy. Highly recommended his services.