Mortgage protection insurance
- Lump sum pay out, if you pass away or get terminally ill
- Cover your mortgage payments so your loved ones can keep their home
- We paid out 99.7% of life insurance claims last year (Vitality Claims Report 2024)
Top-rated life insurance tailored to your needs
What is mortgage protection insurance?
Mortgage protection insurance also known as mortgage life insurance is a type of term life insurance. It's specifically designed to make sure your mortgage or other long-term loan is paid off if you're terminally ill or pass away.
This type of cover protects your loved ones from financial burden and ensures they can keep their home.
It's also called mortgage protection life insurance, decreasing term life insurance, or decreasing life cover. They're all the same thing.
How much does mortgage insurance cost?
At Vitality, our life insurance can protect your mortgage and more. How much you pay depends on things like:
- How much cover you choose
- How long you need to cover your mortgage (eg: 15, 20, or 30 years)
- Your age, health and lifestyle, including previous conditions or smoking
With mortgage life insurance, the cover amount usually decreases over time as the mortgage balance is paid down.
Our life insurance starts from £5 a month
Why choose Vitality to protect your mortgage?
Choose life insurance to protect your mortgage
You get cover that guarantees a payout for your loved ones during your plan term.
Mortgage insurance typically has a term that matches the length of your mortgage. We'll need to know:
- How much cover you need
- How long you need to cover your mortgage (eg: 15, 20, or 30 years)
- Your age, health and lifestyle, including previous conditions or smoking
- If you're employed in a high-risk occupation such as a firefighter
With mortgage life insurance, the cover amount usually decreases over time as the mortgage balance is paid down.
Why Vitality life cover
You get award-winning cover that can make you healthier and save you money.
With a Vitality life plan you can:
- Get peace of mind that your loved ones will get a payout when you pass away
- Choose a single or joint policy - Get cover just for you or your loved ones too
- Improve your health, with our unique healthy living programme
A brand you can trust - Last year, we paid out 99.7% of life cover claims (Vitality Claims and Benefits Report 2024)
Keep up with inflation
Protect yourself against the cost of living with indexation2. This makes sure your cover keeps its value, so it's worth the same when you need to claim in the future. Let’s explain.
Types of mortgage insurance cover
Decreasing term insurance
Ideal cover for your mortgage. The cover amount decreases roughly in line with the outstanding amount on a repayment loan.
Level term insurance
The cover amount remains the same for the duration of your plan. It'll only change if something happens, like you make a claim or change your cover.
Your savings and rewards
Enjoy great savings on top brands that keep you healthy. Earn brilliant rewards, when you get healthier.
Save on your insurance premiums and get rewarded
The healthier you are, the more you can save.
Up to 40% off you premiums
Enjoy real value as soon as your plan starts. The healthier you are, the lower your premium stays.2
Get help to stay healthy
We'll help you save money and get active, with tips and tools to understand and improve your health.
Top rewards and savings
Enjoy great savings on top brands, specially chosen to help you get healthier. Earn brilliant rewards, when you get healthier.3
Keep your premiums low
Get healthier, look after your health, the lower your premiums will be.
Want some help?
You can always get free advice from one of our qualified experts. Just call us on 0330 678 3328
Or
We’re more than happy to help you find you the right cover, at a price that works for you. No obligations, no hidden charges.
How to make a claim on your life insurance plan
Make a claim
Call us on 0345 272 8802, email [email protected] or find out more.
We'll assess the claim
Our team will keep you updated on the progress of your claim.
Payment
During the plan term if you’re critically ill, you get a payout. If you weren’t ill but pass away, your loved ones get a payout
Call charge information
Mortgage protection insurance FAQs
Not the cover you need?
There are more ways you can protect your loved ones if term life insurance isn't right for you.
Want to know more about life insurance?
Sources
1 Indexation changes your premium and your cover amount each year in line with the Retail Prices Index (RPI). This amount is rounded up to the nearest 0.25% and will never increase more than 10% a year.
2 Only available when you add Optimiser to your plan. An extra monthly fee of £4.75 per person may apply. Get an up upfront discount of 40% on Whole of Life insurance or up to 30% discount on Term life insurance. Minimise your premium increase by looking after your health and building your Vitality status.
3 To get the full range of rewards, you need to have a monthly premium above £45 for a single plan, or above £60 for a joint plan. An extra monthly charge of £4.75 per person may apply.