Life Assurance (term assurance deceasing): This policy decreases over the term of the repayment mortgage and pays a lump sum to the beneficiaries when insured person passes away.

Life Assurance (term assurance level): This policy stays the same when the mortgage is interest only and pays a lump sum to the beneficiaries when the insured person passes away.

Critical illness cover: Critical illness cover is often linked to the value of the loan and provides help if you suffer a critical illness such as cancer, a stroke or some pre-determined serious illness. The insurance company pays out a cash sum which you can use to repay the mortgage or spend in some other beneficial way.

House contents insurance: House contents insurance covers the cost of replacing possessions lost or damaged due to unforeseen events (as detailed in the insurance policy). Contents insurance policies tend to be very comprehensive, so they will cover more or less everything you own.

Buildings Insurance: When you take out a mortgage to purchase your home, the lender will insist you have buildings insurance. If the property were to fall down, the lender would want to that there is insurance to cover such a catastrophe. For this reason, most people are sold buildings insurance at the time they take out a home loan.

Income protection: This policy covers you in case of long term illness or if you cannot work anymore. This insurance pays a large percentage of your salary while you are off.

Mortgage payment protection: Mortgage payment protection is designed to help you meet your mortgage repayments in the event of an accident, sickness or unemployment.

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