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.