Do I Need Life Insurance for a Mortgage? Why Spirit Says Yes

Your home’s a milestone - but a £248,000 average UK mortgage Statista, 2023 is a hefty load if you’re gone. Life insurance isn’t legally required, but it’s a safety net to keep your family housed. Spirit Cover doesn’t stop at basics - we offer tailored plans with trusts to beat tax and benefits like Global Treatment, all for the same £38/month as standard £152,000 cover Forbes Advisor UK, 2024. Here’s why it’s a no-brainer.

What Does It Do?

Mortgage protection pays off your loan - or covers payments - if you pass away. Options include:

  • Decreasing Term: Shrinks with your balance - ideal for repayment mortgages.
  • Level Term: Fixed payout - suits interest-only or extra cushion.
  • A £200,000 mortgage with 20 years left? Without cover, your family faces £1,000/month or eviction. Spirit clears it.

Why Spirit Shines

Traditional plans settle the debt. Spirit adds:

  • Trusts: Free, skipping Inheritance Tax - 40% over £325,000 HMRC, 2023.
  • Extras: Fracture Cover, Physio Support - care beyond the house, same cost.
  • Your advisor - like Joe, family-first dad - matches it to your loan.

Do You Need It?

  • Can your family pay £248,000 without you?
  • Want them uprooted?
  • If no, this is your anchor - even singles use it to clear debts for heirs.

Secure Your Roof

Don’t gamble with your home. Tell us about your mortgage, and your Spirit advisor will craft a plan - trust-smart, value-packed. It’s home-safe, personal.

Protect Your Home