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Since 2006 we have helped 342,313 people compare Protection Insurance quotes.
We would love to do the same for you...

Now’s the time to protect your loved onesPrices have never been cheaper.

Let's help guide you through the options and find the best deal for your circumstances.

Our quotation service is completely FREE & you are under no obligation to purchase.

Since 2006 we have helped 342,313 people compare Protection Insurance quotes.
We would love to do the same for you...

Nearly half of homeowners ‘lack the protection needed to cover their mortgage payments’

Mortgage affordability in the UK has once again been hitting the headlines - and once again, not for good reasons as far as the ordinary homeowner is concerned. That’s because interest rates have been put up again by the Bank of England, from 1.75% to 2.25% - the latter the highest seen since November 2008.

This, in turn, is raising the prospect of mortgage payers whose loan is directly linked to the base rate facing repayments at rates of between 3% and 4%, compared to 1.75% and 2.75% five months ago.

The present moment, then, might be one when you are carefully calculating how much you will be able to afford - and the results of a new poll have drawn attention to just how little protection great numbers of homeowners presently have when it comes to the repayment of their mortgages.

What did the research discover about how protected mortgage payers are?

The survey in question, carried out by a leading global insurance provider and reported on by Mortgage Solutions, found that of about 2,000 homeowners or those presently buying a property, 42% claimed to have no savings they could use to cover payments in the event of illness or injury preventing them from working.

Overall, 46% of homeowners did not have adequate financial protection to cover mortgage payments, which underlines the high risk of many people being forced to miss payments if their financial situation was to deteriorate.

About a tenth of respondents stated that with no savings, there was no one they could turn to as a means of keeping up with their mortgage repayments, while 15% said that in such a situation, they would take out a short-term loan.

More than a third of those polled - 37% - said their first port of call would be their family, while 18% said they would turn to insurance to help them keep on top of their mortgage payments.

Could mortgage protection insurance be an option for you?

If you are among those would-be or current homeowners who are now considering the merits of mortgage protection insurance, you will be far from alone. This popular protection product provides tax-free payments to help cover the mortgage payments of policyholders who are rendered unable to work as a consequence of illness or disability.

There’s a lot more to know about mortgage protection insurance than just that, though, and here at QuoteLifeCover, we are anxious to ensure worried homeowners can find the best-matched policy for their needs, instead of rushing to commit to an ill-suited policy they might regret.

This is why we have set up a free, no-obligation advice and quotation service, which you can call on 0800 316 6917. Reach out to one of our UK advisers now, and you can be confident of finding the income or mortgage protection insurance policy that will give you crucial peace of mind at a troubling time.

Personal Service

We have tracked down the very best protection insurance advisers in the UK to ensure you have access to best advice and the best products from the leading insurers.

Instead of pushy sales people, our advisers offer a more personalised service to guide you through the process and ensure you enjoy lasting peace of mind by making an informed choice.

Get Insured within 20 Minutes

It is possible to be protected with a life insurance or critical illness policy within 20 minutes provided the insurer does not require a GP report or medical.

A GP report or medical is normally required for large amounts of cover (over £400,000), or if your BMI is over 30, or you have any significant ongoing or past medical issues, or if you are involved in dangerous job or high risk hobby.

Calculate Your Cover

Find out how much cover you might need by using our simple online calculator. It will take into account your outstanding mortgage, any loans or credit cards, your monthly income and how many children you have.

Ultimately the right amount of cover is often a balance between what might be an ideal figure and what you can sensibly afford.

Calculate your cover here

Personal Service

We have tracked down the very best protection insurance advisers in the UK to ensure you have access to best advice and the best products from the leading insurers.

Instead of pushy sales people, our advisers offer a more personalised service to guide you through the process and ensure you enjoy lasting peace of mind by making an informed choice.

Read What Our Customers Think of Us

Five Stars (4.9)

Great communication, help and guidance.

All my questions were answered, as I know little on how life cover, critical illness and terminal insurance policies work.

I was given good independent advise, so I could confidently make my choice on what was right for me.

- Denise

Clear, friendly, efficient and prompt service.

No nonsense, no jargon, just clear and informative guidance. Very quick with results which did not disappoint. Delighted with my deal which was a third cheaper than my own bank offered me and I didn’t do any of the legwork. More than happy to recommend.

- Ms Shannon

I found the customer service representative very polite and informative and helpful.

I wished some information on life insurance for a mortgage I have applied for.

All in all the process was very useful and informative and the representative was very helpful and polite. I would recommend this online service to anyone who is looking for life cover.

- Mrs Severn

Very good professional service.

I was impressed by the quality of service by the advisor who dealt with my request. He has carefully listened to my requirements, asked a few relevant questions and has provided me with the option which suited my needs in the best possible way. I have really admired his flexible approach and fantastic customer skills.

- Mrs Cookson

Professional and no-nonsense approach.

Very thorough yet friendly service. Good contact and information one can understand.

- Heather Cronley

A professional customer centric company with the client at the heart of the transaction.

The advisor put me at the heart of the transaction, was professional, gave realistic opinions and suggestions offering me choices in clear terms which I understood.

- Andrew Hughes

Outstanding service and knowledgeable customer service rep.

I received a call as promised in my email. Marie Bedding was very knowledgeable in her subject matter, she took some basic details and was very polite and courteous in her manner.

Marie was very sensitive when discussing personal circumstances and listened carefully and showed compassion to my details. Marie then said ‘leave it with me and ill get back to you’, within 20 minutes Marie was back on the phone with the quotes as promised and gave me a selection of options to chose from.

Marie did not pressure me with the ‘Hard Sell’, I needed time to discuss the options with my partner, Marie kindly emailed me all the details and left it in my hands to contact her once I had made a decision and if I would like to go ahead with the policy.

I cannot fault this service and the professionalism I received.

- N Marsden

Excellent Service.

Great service, easy to understand terminology. Everything explained and documented by adviser. Thank you.

- Glenda

The quotation service is provided by an FCA-authorised insurance specialist

Promoted Premiums for 35 year old male (non-smoker) on a 25 year term - September 2022*
Life Insurance: £5/month = £65,371 sum insured
Critical Illness Cover: £10/month = £27,546 sum insured
Combined Life & Critical Illness Cover: £10/month = £25,230 sum insured

 

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