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Compare leading UK life insurers to find the ideal mortgage protection life insurance quote.

Halifax Mortgage Protection life insurance
  • No obligation quote. Protect loved ones
  • £150,000 of cover from only £5.74 per month*
  • UK company. NO overseas call centres

It is important to compare mortgage life insurance quotes from lots of different companies, as some life insurance companies are much more expensive than others, for exactly the same life insurance policy. That could cost you £1000's.

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Halifax Mortgage Protection

Compare Leading UK Insurers Plans

We make this process as simple as possible by comparing policies from the UK's leading insurers based on your criteria. You can find tailored quotes from UK's leading providers - one simple short form.

Halifax Mortgage Insurance

Various Types of Life Cover

There are various types of life insurance policy available. Standard life insurance, critical illness, mortgage cover, single or joint policies over various years. Request a call back from our advisors if you'd like some help.

Halifax Mortgage Cover

Protect Family Finances

It's a daunting thought, but with daily expenses and increasing costs in living, it is vital that you secure the future of those you love. Life Insurance will provide a lump sum to help with the mortgage and other household bills.

Why Buy Mortgage Protection Life Insurance?

If you have a partner, loved ones or dependents who rely on your income, and the house you live in is covered by a mortgage, then making plans as to how it will be paid in the event of your death is crucial. The solution to this problem is mortgage protection insurance.

Mortgage protection insurance, also known as mortgage life insurance and decreasing term life insurance, is designed to repay the outstanding balance of a standard repayment mortgage if you were to die during the period of cover. This means your family won't have to worry about continuing to pay the mortgage following your death.

What is the difference between decreasing term and level term life assurance?

Decreasing term life assurance is the cheapest form of life assurance. As time passes, and your mortgage debt reduces, the payout on death also reduces leaving your dependants with the money to pay the rest of the mortgage. Level term cover, which tends to be more expensive, pays out a set lump sum during the mortgage term.

It's a daunting thought, but with daily expenses and increasing costs in living, it is vital that you secure the future of those you love - and this is exactly what Life Insurance is for.

Mortgage Life Insurance provides financial protection to your loved ones in the event of your death. No one likes to think about dying, which is why many of us either delay or fail to take out a policy when the time is right.

Without life insurance, the income you once provided for your family goes with you when you die. This could leave your family in a financial crisis at a time when they already have so much to cope with.

What length of life insurance policy should I choose?

Most people usually take out life insurance that lasts until some key date in the future. It could be when they intend to retire, when their mortgage is paid off, or when they feel their children may leave home.

Should I get a joint life or single life insurance policy?

Joint life insurance policies are available, but advisers will typically recommend two single life insurance policies as they usually cost hardly any extra and will provide double cover. (This means that if both people die together, both policies pay out, rather than just one joint policy).

Policies that include critical illness cover are almost certainly better split into two separate life insurance plans. For example, if one person is diagnosed with an illness like cancer, their partner will not want their insurance to be lost, which would be the case on a joint life, first claim policy.

Critical Illness Cover

If you are looking for a life insurance policy, then you might also want to consider adding critical illness cover. It’s a very popular option. Sadly, at least one in five men and one in six women will suffer from a serious medical condition at some stage in their lives.

How does critical illness insurance work?

Critical illness cover provides a lump-sum payment should you become seriously ill with a condition covered by your policy. Cover can be added to a life insurance or mortgage protection policy.

Most critical illness policies cover at least seven major medical conditions including cancer, heart attack, multiple sclerosis, stroke, major organ transplants and kidney failure.

The benefit is tax free and can be used to replace your income, help pay off your mortgage, help you cope with bills and living expenses and let you concentrate on getting better.

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Halifax Life Insurance Info

The Halifax was formed in 1853 as the Halifax Permanent Benefit Building and Investment Society. The idea was thought up in a meeting room situated above the Old Cock Inn close to the original Building Society building.

Unlike many British building societies which grew large by acquisitions and mergers, the Society chose an organic form of growth, and proceeded to open branches throughout the UK. By 1913, it was the largest building society in the UK. The first office in London opened in 1924; and the first offices in Scotland in 1928.

In 1928, it merged with Halifax Equitable Building Society, then the second largest building society and was renamed Halifax Building Society. The society was now five times larger than its nearest rival, with assets of £47 million

The society continued to grow in size throughout the 20th century, remaining the UK's largest building society. The deregulation of the financial services industry in the 1980s saw the passing of the Building Societies Act 1986 which allowed societies greater financial freedoms, and diversification into other markets.

The 1986 Act also allowed building societies to demutualise and become public limited companies instead of mutually owned organisations, owned by the customers who borrowed and saved with the society.

In 1995, the Halifax announced it was to merge with the Leeds Permanent Building Society and convert to a plc. The Halifax floated on the London Stock Exchange on 2 June 1997. Over 7.5 million customers of the Society became shareholders of the new bank, the largest extension of shareholders in UK history.

As Halifax plc, the new bank was the fifth largest in the UK in terms of market capitalisation. Further expansion took place with the 1996 acquisition of Clerical Medical Fund Managers, a UK life insurance company.

In 2001, a wave of consolidation in the UK banking market led Halifax to agree a £10.8 billion merger with the Bank of Scotland

The new group was named Halifax Bank of Scotland (HBOS) with headquarters in Edinburgh, and retained both Halifax and the Bank of Scotland as brand names.

HBOS was acquired by the Lloyds Banking Group in January 2009 amid falling share price and speculation as to its future. Bank of Scotland plc (including its brands such as Halifax) became a wholly owned subsidiary of the group.

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Halifax Life Insurance Offer

Halifax Total Mortgage Protection Plan

If the unexpected happens, who will pay your mortgage? Your mortgage is probably the biggest financial commitment you’ll make in your life. So, it’s important to reduce the risk of losing your home should your income stop for any reason and you can do that with the Halifax Total Mortgage Protection Plan. The Halifax Total Mortgage Protection Plan could help you and your family to protect your mortgage* and your lifestyle if you lose your job, cannot work because of an accident or sickness, have to give up work to become a carer for a relative, suffer a named critical illness or die. Life Cover Life Cover provides you with the peace of mind of knowing that your family could receive a lump sum payment to give them the financial support they need in the event of your death. You can choose cover up to a maximum 125% of the mortgage loan (maximum £400,000) to make sure your family can repay the mortgage to help maintain their lifestyle. *Halifax Total Mortgage Protection Plan is available to customers with a mortgage provided by Bank of Scotland plc (trading as Bank of Scotland, Halifax, Birmingham Midshires, Intelligent Finance or St James’s Place Bank) or The Mortgage Business plc.

Critical Illness Cover

Critical Illness Cover could provide you with the financial security of a lump sum payment should you be diagnosed with a specified critical illness. Cover is available, and can be used to pay your mortgage balance, or something else such as paying off your other loans or making modifications to the house and car to make them suitable for someone with a disability.

The plan will pay out even if you make a full recovery in the event of a valid claim. What’s more when you take Critical Illness Cover you receive Children’s Critical Illness Cover, which could provide the lower of £25,000 or half your current critical illness cover benefit if an eligible child is diagnosed with a specified critical illness

Life and Critical Illness Cover can be taken as a level term assurance plan or a decreasing term assurance plan, giving you the choice of a product that provides a level amount of benefit for the entire term of the mortgage (Level Term Assurance) or a plan that provides a decreasing level of cover as the mortgage amount decreases (Decreasing Term Assurance).

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