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Mortgage life insurance is essentially the same as a decreasing (lump-sum) term life insurance policy and is designed to pay out a lump sum upon the death of the policy holder, should it occur during the term of the mortgage and free term life insurance quotes The size of the lump sum will decrease over the term of the life insurance policy, in the line with the outstanding mortgage repayments and free term life insurance quotes E.g. As you pay off your mortgage, the amount of cover will decrease as the need is less significant. Mortgage protection: Mortgage protection, also called mortgage payment protection, is a type of insurance that can help protect mortgage payments and associated household costs in the event of unemployment, illness or an accident. Through mortgage payment protection, you can insure your monthly mortgage payment, monthly life premiums and the monthly cost of your buildings and content insurance. Typical mortgage protection cover could include: * Unemployment and disability insurance cover * Accident or sickness * Unemployment only insurance cover * Disability only insurance cover Loan payment protection: Loan payment protection policies are designed to protect the repayments to any loans you may have taken out. They work on a similar basis to mortgage payment protection, but for a wider scope of borrowing. Premiums for loan payment may be greater than those for mortgage protection. Income protection: In the event of unemployment, sickness or an accident, income protection insurance offers a limited income. Do make sure you understand the terms of the policy however, as the income that you received through cover may be significantly less than the income you receive through employment. Private medical insurance: Private medical insurance is a policy which will provide financial cover for medical treatment in the event of an acute condition. According to the Association of British Insurers, the majority of insurers define an acute condition as ?a disease, illness or injury that is likely

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