INSURANCE GUIDES
Life Insurance
- GoMortgage®
Protecting your people and your property with transparency & purpose.
Getting a mortgage is only part of the journey. What happens if life throws a curve-ball? At GoMortgage, we believe life insurance isn’t a “nice-to-have” – it’s a core part of your plan.
We Are Partnered With
Insurance Guides
What is Life Insurance?
Life insurance is a contract that pays out a lump sum (the “death benefit”) to nominated beneficiaries if the policyholder passes away during the policy term.
It offers financial protection for your family, your mortgage, your home — and your peace of mind.
Why it matters in your mortgage journey
- Your home is likely your biggest A life event could put it at risk if your income stops.
- Many lenders require buildings insurance, and recommend life cover to protect your balance and your family.
- With your mortgage in place for years, life insurance gives you the confidence that your home and loved ones are protected.
Life Insurance Types for Mortgage Protection
A quick comparison of the main policy types, what they cover, and who they’re usually most suitable for.
| Type | Description | Suitable for |
|---|---|---|
| Term Life Insurance | Covers you for a fixed number of years (for example, the term of your mortgage). If you die while covered, your beneficiaries receive the payout. | Ideal for most mortgage clients — straightforward, affordable cover that’s designed to support or clear the mortgage. |
| Whole Life Insurance | Covers you for your whole life, as long as you keep paying the premiums. Usually more expensive and may include a savings or cash value element. | Good if you want lifetime cover, are thinking about estate planning, or want to help with inheritance tax mitigation. |
| Decreasing Term | The cover amount reduces over time, often in line with a repayment mortgage balance. Premiums are typically lower than level cover. | Helpful where the mortgage balance is reducing quickly or for clients on a tighter budget who still want protection. |
| Level Term | The cover amount stays the same throughout the policy term, giving a fixed lump sum if a claim is made during the term. | Useful when you want consistent protection, predictable premiums, or to cover interest-only borrowing or family protection alongside the mortgage. |
Access Your Credit Report
Knowing exactly what lenders see is the first step. Checkmyfile lets you view your full credit picture across all three UK agencies in one place, helping you spot issues, track progress, and avoid surprises before you apply.
What to consider when choosing cover
- What you owe: Check your mortgage balance + other debts you want
- What’s needed: Consider your family’s income, dependent children, partner’s situation – what would they need if you were gone?
- Policy term: Align it with key dates (mortgage term, school fees, retirement).
- Premiums & affordability: Balance cost now vs cover
- Health & lifestyle: These will affect your premium (smoker, medical history, BMI, occupation).
- Flexibility: Can you add future children, increase cover if income rises, or adjust term if you remortgage?
- Transparency: With GoMortgage, you’ll know exactly what you’re buying – we’ll give you the policy summary, show you exclusions, and make sure you
How GoMortgage supports you
- We’ll review your full situation – mortgage, income, family, life stage, so protection is tailored, not generic.
- We compare leading insurers for best fit, not just lowest
- We explain clearly what you should have vs what you could have – so you make informed decisions.
- We ensure your life insurance sits alongside your mortgage plan, not tacked on last-minute.
- We provide ongoing support – an annual check if your circumstances change (job, family size, health).
Common questions answered
Do I need life insurance if I’m single and renting?
Maybe – but less likely. If no one depends on your income then cover might be lower priority. But if you do have debt, dependents, or housing commitments, it’s worth considering.
Does my lender sell my life insurance?
Lenders may offer cover, but they’re not necessarily offering the right cover for you. Going via a broker like us means you get independent, best-match advice.
Can I bundle life insurance with my mortgage?
Yes. We’ll help integrate it. But don’t let the mortgage push it through without understanding policy details. You still need clear terms, claims process, and confidence in the cover.
What happens if I remortgage or move home?
A good policy is portable—either it moves with you, or we review it at the time of remortgage to ensure cover is still appropriate.
Will my premium change?
Usually locked in for the initial term, but may vary if lifestyle/health changes or if you change the cover amount. We’ll explain the terms clearly.
Next steps
- Book a free protection review with
- Gather your details – mortgage balance, income, dependents, current cover (if any).
- We’ll give you a shortlist of policy options, explain cost vs cover, and let you
- Once you choose, we’ll assist with application and keep you updated until the policy is active.
- We’ll capture a diary reminder to revisit cover when your mortgage is reviewed or your life changes.
📞 Call us today on 01253 935050 or fill in our enquiry form – let’s ensure your home, your mortgage and your family are protected.
How Gomortgage Can Help
Learn what makes Go Mortgage tick – why we started, what drives us, and how we’re changing the mortgage game. Dive into our journey, our mission, and how we work to make a difference.
We Make Mortgages Possible
Get to know GoMortgage – what we stand for, why we do things differently, and how we help real people secure better mortgage outcomes.
