Life Insurance to Protect Your Mortgage & Your Family
Nobody likes thinking about worst-case scenarios. A little planning now means one less thing for your family to worry about later.
Should you fail to disclose or misrepresent a fact, then you risk the insurer only paying part of the claim, declining to pay all the claim and possibly declaring the policy invalid.
The Question Worth Answering Now
If something happened to you, would your family stay in their home? Not a comfortable question, but one worth answering properly, life assurance is usually the most straightforward way to make sure the answer’s yes.
Taylor-Brown Financial advises on life insurance, including level term, decreasing term and whole-of-life cover, with a focus on mortgage-linked family protection.
How Much Cover Do You Actually Need?
We’ll look at your mortgage balance, your family’s circumstances and what you’d want covered beyond just the loan itself, rather than a generic multiple of income.
Every Family's Situation Looks Different
There’s no single right type of cover. We’ll help you understand which option fits your circumstances and what it means in practice.
Decreasing term
Tracks a repayment mortgage, with the payout reducing broadly in line with your outstanding balance. Often the most cost-effective option.
Level term
A fixed payout for a fixed period, useful alongside an interest-only mortgage, or to cover more than just the loan itself.
Family Income Benefit
Pays out as a regular income rather than a lump sum, for the remainder of the policy term, often a more affordable way to replace what your family would actually lose month to month.
Relevant Life Insurance
A tax-efficient way for company directors and employees to arrange life cover through their business, usually cheaper than a personal policy and outside the usual employee benefit rules.
Look no further than Taylor Brown Financial.
If you need a mortgage or life insurance, look no further than Taylor brown financial. Michael will patiently talk you through everything you need to know, clearly explain all of your options and keep you informed at every step through the application process.
Getting Your Cover Right
Across our 15 years helping families, we’ve got a wealth of experience to work out what you actually need to protect, not just what a generic income multiple suggests. Here’s how we get to the right answer for you.
We talk through your
family's situation
What you’d want protected.
We compare cover across
a number of lenders
To find the right type and level for you.
You get a clear, honest
recommendation
With nothing pushed that doesn’t fit.
What You Get With Our Life Insurance Advice
Cover Tailored To You
Cover sized to your actual mortgage and family circumstances, not a generic multiple of income.
Compare Cover That Fits
Comprehensive comparison across decreasing, level and whole-of-life cover.
Protection Made Easy
Explained without jargon, so you understand exactly what you’re buying and why.
Reviewed At Every Move
Reviewed again at your next remortgage or house move, not sold once and forgotten.
Life Insurance Is Only Part of the Picture
You can also use critical illness cover, on top of your life insurance, which pays out on diagnosis rather than death, and many families find real value in having both. Worth a quick look before deciding.
Frequently Asked Questions
What's the difference between decreasing and level term life assurance?
Decreasing term cover reduces over time to mirror a repayment mortgage balance, while level term cover pays out the same fixed amount whenever a claim’s made during the policy term.
Do I need life assurance if I have a mortgage?
It’s not a legal requirement, but it’s widely recommended, since it means your family wouldn’t be left with a mortgage they can’t afford if you were no longer around to contribute to it.
Is life assurance compulsory for a mortgage?
No, though many lenders strongly encourage it as part of a responsible mortgage plan.
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Want to Know What Proper Cover Would Actually Cost?
Book a no obligation initial consultation and get a clear answer, without any pressure to buy.