Mortgage Protection insurance

Also known as decreasing term assurance mortgage protection insurance is essentially life insurance designed very much to repay a mortgage.

The level of life insurance within a Mortgage protection plan decreases in line with the level of the outstanding repayment mortgage.

Due to this fact the cost of a mortgage protection plan is cheaper than an equivalent level term assurance plan as the outstanding liability against the life insurance company is always reducing.

Like all types of life insurance you can also have additional benefits such as Critical illness and waiver of premium benefit.

For More information on Invest & Protect Ltd and their services or for Independent financial advice please visit Investandprotect.co.uk