Can I get life insurance to help cover my mortgage?

Yes, although we can’t directly link your policy to your mortgage.

Our Life Insurance Plan with decreasing cover provides a level of cover that decreases over time, broadly in line with a long-term loan or capital and interest repayment mortgage. Your premiums stay the same. This cover is designed to help your loved ones pay off a repayment mortgage if you pass away during the policy term. There is no cash-in value at any time. If premiums stop the cover will end.

Our Life Insurance Plan with level cover provides an amount of cover that stays the same over time. This could help your family continue to keep up mortgage repayments, or to pay off an interest-only mortgage, after you've gone. You choose a lump sum to leave behind for your loved ones, and how long you want your cover to run for. There is no cash-in value at any time. If premiums stop the cover will end.

On either of these plans, you'll pay the same amount each month until your policy ends. Compare life insurance options.

You can choose to make your cover amount increase in line with inflation, so the lump sum won't be worth less in the future. In this case, your monthly payments may rise. The maximum amount your cover can increase by each year is 10%, and your premiums to a maximum of 15%. If you choose not to accept the increase, or if the Consumer Price Index (CPI) doesn't increase, your cover and premiums will stay the same.

If you're unsure about which cover is right for you, you can speak to a financial adviser. If you don’t have a financial adviser, you can find one at unbiased.co.uk. Please be aware that you may need to pay for this advice.