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Common Questions
The cost of mortgage life insurance depends on factors such as your age, health, lifestyle, and the details of your mortgage.
†Example shown: Based on a 30-year-old non-smoker, you could get £98,704 level term cover for 20 years from £5 per month. Premiums are subject to underwriting and individual circumstances. Not all partners use the same insurers or products. Services may be advised or non-advised.
As mentioned your own monthly premium will vary depending on your circumstances. The best way to find out is by getting a free, no-obligation quote tailored to your situation.
Payouts are never guaranteed, however, 96.7% all claims did pay out in 2023, with the average policy payout in 2023 coming in at £80,403. The main reason payouts don’t occur is because essential information was omitted or false at the time of applying, so be sure to provide your insurer with all relevant details.
What is Mortgage Life Insurance?
Mortgage life insurance is designed to pay off your mortgage if you die during the policy term. It's a type of decreasing term life insurance, where the payout reduces over time as your mortgage balance goes down. It helps relieve your family of the financial responsibility of the mortgage if the unexpected happens.
Protect My Family’s HomeDo I Need Life Insurance for a Mortgage?
Life insurance isn’t required to get a mortgage, but many people choose it for added peace of mind. It’s especially worth considering if:
It’s all about making sure your home—and the people in it—are protected if the unexpected happens
Don’t leave your family with your mortgageWe’re not just another comparison website
- through our partners, we find the right match.
A true match
We don’t just throw quotes at you and see which one sticks. To make sure you don’t get decision fatigue, we take the time to understand your unique circumstances and match you to a trusted partner.
Free, easy service
We offer a fee-free service, which means you don’t need to pay us anything and you’re not obligated to purchase a policy. You’re free to get the quote, take the time you need to decide, and walk away if it’s not for you.
Peace of mind
With our trusted expert partners, you can have some peace of mind knowing you’ve chosen the most suitable policy for you and you’re covered should something occur.
Life insurance helps protect your family’s financial security in the face of life’s uncertainties.
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Pricing
Quoted rates may vary and are subject to individual status and medical underwriting. Correct as of 2nd February 2026.
†From £10 per month for up to £280,000 is an example based on the following pricing illustrations. £10 per month Life Insurance quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as on 2nd February 2026.
†From £5 per month for up to £90,000 is an example based on the following pricing illustrations.£5 per month Life Insurance quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as on 2nd February 2026.
Whole of Life
±£8 per month quoted rates are based on whole of life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as on 2nd February 2026.
Critical Illness
Life Insurance and Critical Illness Cover quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as on 2nd February 2026.