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Since 2006 we have helped 339,597 people compare Protection Insurance quotes.
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Now’s the time to protect your loved ones - Prices have never been cheaper.

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

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Since 2006 we have helped 339,597 people compare Protection Insurance quotes.
We would love to do the same for you...

With interest rates rising, mortgage protection insurance has just become even more relevant

It’s official: the Bank of England has upped interest rates in the UK from 1.25% to 1.75%, as it seeks to restrict the recent escalation of prices amid an intensifying cost-of-living crisis.

The Bank’s Monetary Policy Committee voted in favour of the move by a majority of eight to one, and it is fair to say that very few people will probably be surprised. The Bank said it had made the decision in order to help bring inflation back to its 2% target, adding that with inflation already exceeding 9%, it anticipated a further rise in inflation by the end of 2022, to around 13%.

The Bank said the downturn was largely due to staggering increases in gas prices after Russia’s invasion of Ukraine; indeed, it has been predicted that the typical yearly energy bill could reach £3,500 in October.

What impact can you expect if you have a mortgage?

Needless to say, for those who are presently paying off a mortgage, or even considering taking one out, these are extremely uncertain times.

Nonetheless, there has already been much analysis of the move, which experts have said will “pile more misery” on the almost two million people with variable rate mortgages, at a time when they are already having to contend with other steep increases in costs.

The CEO of one financial institution quoted by Yahoo! Finance said that repayments for the average home were set to go up by £52 as a consequence of the Bank of England’s decision, with an increase of £196 per month having been seen since last autumn.

As for if you don’t yet have a mortgage but are considering one, it is fair to say that new deals could become more expensive. In short, this is not a time when you should be trying to go without protection, if you can possibly afford it.

Give us a call to learn more about your options for mortgage protection insurance

All of this brings us neatly onto the subject of mortgage protection insurance, and what it could do to give you a bit more peace of mind during these challenging and concerning times.

Mortgage protection cover can be essentially considered a form of income protection insurance. The idea behind it is that if you suffer from a long-term sickness or disability that prevents you from working, it can provide monthly tax-free payments to cover your mortgage costs, so that you don’t lose your home. You might also use some of the money to pay for other household expenses, such as energy and food costs, in the event that you make a successful claim on the policy.

However, it is also true that no given person’s circumstances are exactly the same as the next person’s, and that you will have a lot of decisions to make if mortgage protection insurance seems to be a relevant product to you.

Maybe you would appreciate advice, for example, on how you can reduce the cost of mortgage protection cover, or how long you would like the payout period to be on your policy? Or are there other forms of protection insurance on the market that could actually represent a better match to your circumstances and requirements?

These are all matters that you can begin to explore with one of our UK advisers, when you give our advice and quotation line a call today, on 0800 316 6917. It’s free to call, and you will be under no obligation to accept any particular quote we present to you. So why not get in touch now, so that we can help you find the perfectly suited policy for you and your household?

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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