Decreasing Mortgage Cover

Breadcrumbs

Home / Mortgage Cover

Decreasing Mortgage Cover

Decreasing Mortgage Cover plans to pay out a Tax Free cash lump sum if you die during the plan's term. In addition it would pay out a Tax Free cash lump sum early if, during the plan term, you are diagnosed with terminal illness and are expected to live for less than 12 months.

A Decreasing Mortgage Cover plan runs in conjuction with a capital and interest mortgage and reduces in line with your outstanding balance on your mortgage.

Your Commitment

To make regular payments
To give all the information we ask for when applying for your plan and when claiming your benefit.
To tell us if you take up hazardous leisure activities, or if there is any change to:
Your personal health
Your family medical history
Your occupation
Your residence

Risk Factors

If you don't make your payments, your plan will end and your cover will stop after 30 days and you'll get nothing back.
The plan has no cash value at any time.

Get in touch

For more information or to arrange an appointment please call 01689 603 448 or email us: info@jmsfinancialgroup.co.uk

Products

Financial Planning

JMS Financial can offer advice on how to shape your family's financial security.

Let one of our advisers show you the options available with absolutely no obligation.

At JMS Financial,we're confident that we can help.

Please contact us for more information.