Mortgage Insurance information

Law & General - Mortgage Lifecycle Insurance

Information on this website refers to our actual assortment of goods and services, which may be subject to changes from now on. When you already have a Policy with us, your coverage is centred on our portfolio at the inception. As a result, some of the information on this website may not be applicable to your policies.

In your insurance documentation, the nature of the coverage and the applicable requirements are explained in detail. When you have mislaid your policies and need a copy or want to verify the coverage you have, please call 0370 010 4080. Before applying, please read the following information carefully:

Unless you make sure that your coverage is adapted to all new mortgage agreements, your insurance cannot fully repay your mortgage overdue. When you have a declining life insurance plan, you must also make sure that the interest on your mortgage is not higher than the interest on your insurance plan.

They are not saving or investing instruments and have no present value unless a current entitlement is asserted. When you stop payment of your premium before your insurance expires, your coverage ends after 30 workingdays and you receive nothing back. It is possible to verify that the length of the insurance is long enough to meet the length of your mortgage period.

Please see the PDF Privacy Statement for further information on risk and other information: Key drivers are your ages, profession, smoker' smoking, good condition, the amount of coverage you need and the kind of agreement you have. Premium is covered for the duration of the insurance unless you change your insurance policies.

When you take out a contract with us, you have the possibility to make your premium payments either once a month or yearly. When you decide to make an annual payment, you get a rebate that gives you a better deal on your insurance plan. As soon as you have taken out a contract, you can administer it on a fiduciary basis to ensure that the revenue is used as intended.

The placement of a trust insurance can also help to prevent inheritance tax. For more information, please refer to our Online Trust Hub. Insurance. Lifecycle insurance is designed to help keep paying off your mortgage due if you are dying during the length of your policies. Insurance at a glance: There could be a payout in case you died during the term of your insurance.

Unless you change your insurance policies, the premium and the amount of coverage you select are the same. Contains free life insurance at no extra charge. It is not a saving or investing instrument and has no present value unless a current entitlement is asserted. It is possible to verify that the length of the insurance is long enough to meet the length of your mortgage period.

For a summary of the directive, please see our PDF: 61MB and PDF guidebook: Sinking life insurance. The declining life insurance should contribute to the protection of a redemption mortgage, so that the sum insured is reduced approximately in line with the way in which a redemption mortgage declines. Sinking life insurance at a glance:

You could receive a payout in case you died during the life of the insurance contract. Contains free life insurance at no extra charge. It is not a saving or investing instrument and has no present value unless a current entitlement is asserted. It is possible to verify that the length of the insurance is long enough to meet the length of your mortgage period.

In the case of declining life insurance, you must also verify that the interest on your mortgage is not higher than the interest on your insurance policy. For a summary of the directive, please see our PDF: 61MB and PDF guidebook: