Frequently Asked Questions
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You asked: Is my Life cover linked to my mortgage?
Your insurance plan may be linked to your mortgage if your lender has registered an interest in the proceeds of your plan, this is usually to cover the remaining cost of the mortgage if you were to pass away before it is repaid. This kind of assignment is to acknowledge a third party interest and does not imply that your sum assured is linked to your outstanding mortgage.
Please also be aware that whilst a decreasing term plan may decrease roughly in line with a repayment mortgage, this does not necessarily mean that that your insurance plan is linked to your mortgage.
If you'd like to check if your plan is assigned to your lender, give us a call on 0800 068 6800.
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