Life insurance isn’t always an easy topic to discuss, but working with a mortgage broker can make the process feel stress-free.
Talking about life insurance doesn’t have to feel all doom and gloom, but the reality is that purchasing a home is a big financial commitment – so if a tragedy does occur, you know your loved ones are in safe hands.
Protect your home for your loved ones
Life insurance is important to consider when buying a property, especially when you’re buying with a partner. In this case, your mortgage repayments could be calculated on the basis of two salaries. Life insurance can help your partner and family keep up with regular mortgage repayments without financial worry.
Be prepared
Nobody wants to think about illness or death, especially when you want to focus on buying your new home. As exhausting as it may feel to prepare for all eventualities, life insurance can help you when you need it most. Circumstances change, and the last thing you want to worry about is losing your home.
Life insurance via your Brighton Mortgage Broker
Here at Strive Mortgages, we aim to make the mortgage application process as simple as possible, which also means helping you secure the right cover for you and your loved ones. If you were to suffer poor health, your death and the resulting loss of income could put your family home in jeopardy. Life insurance helps to provide a lump sum of money in the event of your death, providing your family with some financial stability and home security.
Nobody likes to think about the ‘what ifs’, but it’s important to protect you and your loved ones just in case.
Whether you’re in good health now, have recovered from or are living with a serious illness, your Brighton mortgage broker will put the time and effort into comparing life insurance cover to make sure you’ve got the best quality cover tailored to your budget. We don’t charge a fee for this service, as we receive a commission from your chosen provider.
Speak To an Expert
Whether you’ve just had an offer accepted on a property and you’re ready to go, or you’re simply wondering how much you need to save for a deposit, it’s never too soon to reach out.
Life insurance information
Do I have to have life insurance to get a mortgage?
Put simply, you can get a mortgage without life insurance. However, it is highly recommended that you take out a suitable life insurance policy with adequate cover to ensure your family home is protected in the event of your death and critical illness.
While not all lenders will insist you take out life insurance, it is certainly preferred. It’s always best to seek professional advice from your mortgage broker whilst arranging your mortgage.
Do I really need a mortgage broker for life insurance?
While helping you achieve the best mortgage deal, a mortgage broker can also help you secure life insurance, making it even easier and more convenient than ever. Much like other types of insurance, you can, of course, choose to shop around, as life insurance doesn’t have to be completed by your mortgage broker at the same time.
Here at Strive Mortgages, we can also help you with income protection insurance, building and contents insurance and critical illness cover for your peace of mind when buying your new home.