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Mortgage Protection Plan

Cover starting from £9.75 a month*

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What is a Mortgage Protection Plan?

A Mortgage Protection Plan includes Life Cover which is specifically designed to ensure your mortgage repayments would be covered if you died or fell seriously ill during the term of the plan, offering you peace of mind that neither you nor your dependants would have to worry about the repayments.


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Do I need mortgage protection?

If you have dependants living in your home, taking out a mortgage protection plan with Life Cover included would mean they could keep their home if you died during the term.

Regardless of whether you have dependants, you could be left struggling to pay off your repayments if you couldn't work due to injury or illness.

Adding Serious Illness Cover Protector or Income Protection Cover can help alleviate this concern by paying either a lump sum or monthly tax-free income so you can keep your home and focus your attention on recovering.

Mortgage Protection Plan benefits

✓ We offer temporary cover before your mortgage starts to help protect you between when you legally commit to buying a house and when your mortgage premiums begin. 

✓ By including Vitality Optimiser as standard, you’ll receive an upfront discount of up to 25% as well as the ability to reduce your premiums further when you make healthy lifestyle choices. 

✓ With Guaranteed Insurability Options, you have the ability to increase or extend your cover on up to three occasions – a welcome extra helping hand if you need to apply for a new or increased mortgage. 

✓ Comprehensive cover in a matter of minutes - Our intelligent underwriting drastically reduces the time it takes for you to get protected, so you could be covered in a matter of minutes.

✓ Enjoy market-leading cover - As well as all the benefits of Life Cover, we’re able to offer cover options including Income Protection Cover and Serious Illness Cover Protector. Making our award-winning Mortgage Plan the most comprehensive in the market.

✓ Tailored protection to suit you - Our aim is to provide protection that suits you and your family’s needs. Enhance your plan further with tailored options including Optional Serious Illness Cover for Children and Waiver on Incapacity.

✓ Affordable Cover - By including Vitality Optimiser as standard - you’ll receive an upfront premium discount of up to 25%, as well as the ability to reduce your premiums further when you make healthy lifestyle choices.

Why choose us?

Benefit from award-winning mortgage life insurance which rewards you for being healthy

  • A brand you can trust

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    In 2018 we paid out 99.8% of Life Cover claims1

  • Discounts and rewards

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    Over £81 million given in Vitality benefits and rewards in 20182

  • Improve your health

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    Lower incidence of Life Cover claims in actively engaged members3

  • Free no-obligation advice

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    Our advisers are highly trained and offer free, expert advice

Cover options

We help you create a bespoke plan to suit your needs. Choose to add cover options, specifically tailored to Mortgage Plan:

  • Income Protection Cover – If you’re unable to work due to illness, injury or disability, Income Protection Cover provides a monthly tax-free income, to help give you extra peace of mind
  • Serious Illness Cover Protector – Helps you pay off some – or all – or your mortgage earlier if you were to suffer a serious illness. Our market-leading Serious Illness Cover Protector includes 153 conditions, 81 of which are covered at 100% - that’s more conditions than any other provider
Tailor you plan further with:
  • Optional Serious Illness Cover for Children – Providing additional peace of mind if your child is to suffer a serious illness. Additionally, your cover will automatically include a children's Hospital benefit that pays £100 a day if your child is hospitalised
  • Waiver on premium on incapacity – If you’re unable to work due to incapacity, you’ll have the option to waiver your Mortgage Plan premium

Frequently asked questions

How does mortgage life insurance work

With mortgage life insurance, you will need to know how much is left on your mortgage and what your monthly repayments are likely to be for the rest of the term. You can then take out life insurance to match the outstanding balance exactly, in result of your death your family would receive a lump sum which they could use to pay off the outstanding balance so they could keep their home. You can also add Serious Illness Cover or Income Protection Cover to your plan to cover you in result of serious illness so you wouldn’t miss any monthly payments and risk losing your home.

What happens to my mortgage if I die?

If you die when you still are paying off your mortgage, the loan still remains and the monthly payments will still need to be made. If you leave the property to family or friends in your will, they will be able to take over those payments, providing they would like to keep the home and funds are available. If you decide not to leave the home to someone or the heir doesn’t want to keep it, it can be sold and the outstanding balance will be paid to the mortgage lender. If the home is worth more than what you owe, the variance will go to the heir.

What is the difference between a mortgage protection plan and life insurance?

A mortgage protection plan works in a very similar way to life insurance but with a plan specifically designed to match the outstanding balance of your mortgage. Most people will have less to pay off as the years go by as they continue to make monthly payments, A mortgage protection plan can reflect this with a decreasing level of cover which often makes monthly premiums cheaper as the pay-out decreases.

Who is responsible for mortgage payments after death?

If the beneficiaries decide to keep the property, they will be responsible for paying the mortgage repayments, or it can be paid by the executer of the will before savings are passed to the beneficiaries. If the outstanding balance is larger than the amount in the estate, the property may need to be sold.

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Important information

*Starting monthly premium factors in the Optimiser monthly fee of £4.50 and includes the premium discount.
1The percentage of claims accepted for Life Cover in 2018 was 99.8% and the total amount paid was £35,492,397
2With VitalityLife's Optimisers which are available at an additional monthly cost of £1.75 for Lite or £4.50 for Full. Source: Vitality internal data, May 2019.
3According to Vitality internal data (2018), over the past five years members who engaged in the Vitality Programme had a significantly lower incidence of Life Cover claims across all age groups when compared to those who did not engage.