This plan is mainly used with repayment mortgages.
The protection starts at the same amount as the amount borrowed
and then as the mortgage gradually reduces so will the level of
cover given by the Mortgage protection plan.
The cost of this type
of policy is generally very cheap and is worked out at an interest
rate between 10 – 14% so that the cover should be sufficient,
however if interest rates were to be in excess of this, then the
policy would have to be reviewed.
Please Contact Us, or fill in the form below for a
quotation, may take up to 3 days.
