What is Life Insurance and how can it help you?

Life Insurance is designed to protect you and any other borrower on the mortgage against an unfortunate death.

Find out more
Life Insurance
This is designed to protect your loved ones so that they can continue to live in the property without any fear of how they will be able to pay for the mortgage

If a homeowner on a mortgage were to die, this can often leave a considerable burden upon the surviving owner. Unfortunately this is one of the main reasons that homeowners tend to lose their homes and fall into payment difficulties.

Our friendly protection experts will help you to find the adequate amount of cover. They will tailor it so that it runs alongside your mortgage and you will be able to pay off the mortgage in the unfortunate event a claim is made.

With regular health checks we will also make sure that the cover is the most suitable. For instance if you choose to increase your mortgage borrowing in the future with Stisi Group, we will ensure your mortgage protection is still sufficient. So you never lose out and are always receiving the most appropriate level of cover.

Some cheaper online alternatives can look attractive but the cost can increase over time. With a guaranteed premium, the monthly payment will stay the same right the way through the entire policy term.

The funds on a Life Insurance policy will typically be paid as a lump sum. This means that you are not waiting for funds when you need them most. Other benefits such as Terminal Illness cover mean pay-outs are made on diagnosis of a terminal illness (even if you were to regain full health).

Our friendly team will make sure the right choice is made for you and will help you to make sense of your options so you can move forward with confidence.

Features of a typical Life Insurance policy

Guaranteed Premiums

Guaranteed premiums mean your premium will never ever change so you can always be sure how much you are paying for the life of the policy.

Waiver of Premium

Waiver of Premium means the insurance company will no longer require premium payments in the event that you are unable to pay due to accident or illness.

Cash Lump Sum

Cash lump sum means a tax free lump sum will allow you to clear your mortgage balance, leaving you without this large debt during the worst circumstance.

Terminal Illness cover included

”Terminal Illness cover included” means life insurance plans will often include Terminal Illness cover free of charge. This means your claim doesn’t have to wait until death should you be diagnosed with a terminal illness.

Perhaps the best cure for the fear of death, is to reflect that life has a beginning as well as an end.
William Hazlitt (1778 – 1830, English writer)
We would love to help you plan the most suitable Life Insurance for your needs.
Get in touch
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.