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.
Do I need mortgage protection?
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
✓ 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
In 2018 we paid out 99.8% of Life Cover claims1
Discounts and rewards
Over £81 million given in Vitality benefits and rewards in 20182
Improve your health
Lower incidence of Life Cover claims in actively engaged members3
Free no-obligation advice
Our advisers are highly trained and offer free, expert advice
- 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
- 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
What happens to my mortgage if I die?
What is the difference between a mortgage protection plan and life insurance?
Who is responsible for mortgage payments after death?
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.