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Protecting Your Mortgage: Devising a Holistic Mortgage Protection Insurance Plan

Homeownership is a significant life accomplishment culmination of hard work, saving, and planning. Yet, as a homeowner, unforeseen circumstances, such as illness, loss of income, or even death, could jeopardise the security and stability you have strived for in acquiring a home. It is essential, therefore, to create a comprehensive mortgage protection insurance plan that safeguards you and your family against such uncertainties.

Mortgage protection insurance is designed to provide financial security covering various aspects, including life insurance, critical illness coverage and income protection. These policies shield your family from the burden of mortgage repayments in adverse situations, ensuring they can maintain the family home without the stress of looming mortgage debt.

In this article, we will present the different layers of mortgage protection insurance and offer guidance on devising a holistic plan. As mortgage protection specialists, Everest Mortgages understands the importance of preparing for life’s unexpected events while keeping your family’s well-being at the forefront. By understanding and integrating different types of mortgage protection, you can ensure long-lasting financial security and peace of mind for you and your loved ones.

Join us in this informative journey as we explore the world of mortgage protection insurance, discussing the benefits, options, and essential factors to consider when creating a personalised plan. Learn how experts like Everest Mortgages can provide invaluable advice and assistance in achieving the perfect coverage for your family. Together, let’s take the first steps towards securing your mortgage, protecting your home, and creating a brighter future.

Mortgage Life Insurance

Mortgage Life Insurance is a fundamental component of any comprehensive mortgage protection plan, ensuring that your loved ones avoid the burden of the outstanding mortgage following your death.

Types of Mortgage Life Insurance

There are two main types of mortgage life insurance: decreasing term insurance and level term insurance. Decreasing term insurance reduces the coverage amount alongside the outstanding mortgage balance, while level term insurance maintains a fixed coverage amount throughout the policy’s duration.

Choosing the Right Policy

Selecting the suitable policy type depends on your mortgage structure and personal preferences. Level term insurance is preferable for interest-only mortgages, while decreasing term insurance frequently suits repayment mortgages.

Critical Illness Cover

Including Critical Illness Cover in your mortgage protection plan shields you from financial hardship during severe illness, offering valuable peace of mind.

Coverage Scope

Critical Illness Cover provides financial assistance upon diagnosing specific severe illnesses, such as cancer, heart attack, or stroke. Policies vary in coverage scope, so comparing options and selecting the best fit for your needs is crucial.


The benefits of Critical Illness Cover extend beyond mortgage protection. It can also cover medical expenses, household bills, and other financial obligations during your illness, allowing you and your family to focus on recovery.

Income Protection Insurance

Income Protection Insurance bolsters the security of your mortgage protection plan by maintaining a continuous income stream during illness or job loss.

Short-Term vs Long-Term Income Protection

Income protection policies come in short-term and long-term options. Short-term policies provide coverage for a fixed period, usually between one and two years, while long-term policies cover the duration of your inability to work, regardless of the timespan.

Choosing the Best Coverage

Evaluate your financial needs, health, lifestyle, and employment situation before selecting an income protection policy. Consider factors such as redundancy, illness, or changes in working status.

Combining Policies for Optimal Protection

By incorporating different types of mortgage protection insurance into a single plan, you can rest assured that your mortgage is safeguarded against every eventuality.

Tailoring to Your Needs

Create a personalised protection plan by combining the most appropriate elements from each policy type. Consider factors such as mortgage size, loan term, personal circumstances, and potential vulnerabilities.

The Power of Expert Advice

Seeking guidance from experienced specialists like Everest Mortgages is vital in forming a well-rounded mortgage protection plan. Advisors can provide detailed policy comparisons, considering specific circumstances and needs and ensuring you are well-protected in every possible scenario.


Securing a mortgage and providing a stable home for your family is an incredible accomplishment that warrants robust protection. A comprehensive mortgage protection plan that encapsulates mortgage life insurance, critical illness cover, and income protection equips you with the tools required to ensure enduring financial security.

With Everest Mortgages as your guide, you can create a personalised mortgage protection plan that caters to every potential need, empowering you to face life’s uncertainties with poise and certainty. Each component, from life insurance to income protection, works in tandem to create a safety net that shields your mortgage from the unexpected, safeguarding your family’s future and your investment in the family home.

Take action today—secure your mortgage and protect your family by devising a holistic mortgage protection plan. Everest Mortgages is ready to assist, offering expert advice, support, and insight to help you navigate the world of mortgage protection insurance. Contact us today, and together, let’s create a plan that protects your home, your most significant asset, and your family’s financial future. Rest easy, knowing that our mortgage advisers are helping you build a solid foundation for future generations.