Your mortgage, repaid whatever happens.
Decreasing term cover from around £6 a month, matched to your exact mortgage balance and term — and written in trust as standard.
Mortgage life insurance is UK term assurance that pays a lump sum if you die during the policy term, designed to clear the outstanding mortgage. Decreasing term assurance reduces in line with a repayment mortgage and is the cheapest form (from roughly £6–£12 a month for £250,000 over 25 years for a healthy 30-year-old non-smoker). Level term keeps the sum assured constant and suits interest-only mortgages. Cover is not a legal requirement and no lender can insist on a specific provider, but policies should normally be written in trust so the payout falls outside the estate for inheritance tax and bypasses probate.
The numbers, at a glance.
What lenders want to see.
Who typically qualifies
- UK resident aged 18–77 at application
- Cover term aligned to your remaining mortgage term
- Medical questionnaire — most cases accepted without a GP report
- Smokers, existing conditions and higher BMI all quotable
- Joint or single-life policies (two single policies often pay out twice)
Documents to prepare
- Mortgage balance, term and repayment type
- Date of birth and smoker status for each applicant
- Basic medical history and current medication
- GP practice details for any underwriting referral
- Trust beneficiary details if writing in trust
How Elena helps, specifically.
Matched to your loan
Sum assured and term set from your actual mortgage, not a round number.
Two single policies
Often similar cost to joint cover but can pay out twice.
Trust as standard
Keeps the payout out of your estate and away from probate delays.
Cover in days
Most policies go on risk within 48 hours of a clean application.
Family add-ons
Children's critical illness and waiver of premium available.
AI-matched
Elena ranks insurers by price and underwriting stance for your health profile.
Top insurer matches for this cover
"Consistently cheapest for healthy non-smokers with fast online underwriting."
"Strong for interest-only mortgages and generous on higher BMI."
"Best value where you want critical illness bundled with life cover."
Questions, answered.
Elena, our AI mortgage expert, can answer it in seconds — or book you a free callback with a human broker.
How much life insurance do I need with a mortgage?
Is life insurance required for a UK mortgage?
How much does life insurance cost in the UK?
Should life cover be written in trust?
Ready to meet your AI mortgage advisor?
Get a personalised eligibility check in under 60 seconds. No credit footprint, no spam.