Life Cover - SMG Mortgage & Protection

Life Insurance to Protect Your Mortgage

Peace of Mind for You and Your Loved Ones

Life insurance is one of the most important financial safety nets you can put in place—especially when you have a mortgage. It ensures that your loved ones can stay in your home should the worst happen, providing financial security when it matters most.

At SMG Mortgages, we work with a wide range of trusted, market-leading insurers including Zurich, Aviva, LV=, Royal London, Legal & General, Vitality, Guardian, and others to help find the right cover for your needs.

Two Main Types of Life Insurance

There are two main types of life insurance typically used to protect a mortgage:

Decreasing Term Life Insurance (Mortgage Protection)
– This type of policy is designed to reduce in line with your mortgage balance.
– It’s often the most cost-effective option for repayment mortgages, as the cover amount decreases as you pay off more of your loan.
– Ideal if your main goal is to clear the mortgage balance if you were to pass away during the term.
Level Term Life Insurance
– The cover amount stays fixed throughout the term of the policy.
– This type of cover is useful if you want to leave behind a lump sum, regardless of how much of your mortgage is left.
– Often used alongside interest-only mortgages or as additional protection for your family.

Why Choose Us?

We understand that everyone’s situation is different. Whether you’re a first-time buyer, remortgaging, or simply reviewing your existing protection, we’ll work with you to recommend a policy that fits your personal and financial needs—not just the cheapest on the shelf.

We’re here to:

Compare quotes from leading UK insurers
Help you understand the differences in cover
Ensure your policy works alongside your mortgage and family goals

Let’s Find the Right Cover for You

Life insurance isn’t one-size-fits-all. Get in touch today for a no-obligation chat about your options—we’re here to help you protect what matters most.