Mortgage Insurance pays off the mortgage in the event of your death.
It keeps a roof over the heads of the people you leave behind, by paying off the debt directly to the lending institution.
If you have Mortgage Insurance with us we’ll pay a tax free lump-sum to your nominated mortgage lending institution if you die, or earlier if you’re diagnosed with a terminal illness.
If you’re looking for something that will pay your mortgage and bills if you can’t work due to illness or injury, check out our Income Protection.
Or if you are wanting to cover more than your mortgage, take a look at our Life Insurance.
Get in touch by email or phone, and we can see what we can do. During the time your premiums are on hold, you won’t be able to make a claim.
If you miss three payments within 24 months without catching them up, your policy will end the next time you miss a payment. The three payments don’t need to be consecutive.
COVID-19 update: The alert level 4 and 3 lockdowns for COVID-19 have made things tough for many of our customers. Please get in touch with us if this is you as we have other options you may be eligible for during this time, including a premium holiday and an extended period for putting cover on hold.
It depends on your answers to the health and lifestyle questions we have to ask to be able to offer you cover. For many people, we will be able to assess your information online fully, and you will have Life Insurance in less than 10 minutes.
If you aren’t accepted straight away online, we’ll be in touch on the next working day and will let you know the next steps.
If that means we need more information from you, then the process may take another day or two, while if we need information from your GP, it will depend on how quickly your GP responds to our request. Some doctors respond within a week, and others can take two or three weeks or sometimes longer.
So how long it takes depends on several factors, mostly outside of the control of Pinnacle Life, but we do everything we can to make it as easy and simple as we can.
Use our tool to do your own advice. No need to talk to anyone (that means you can do it in your pajamas).