This policy is designed so that the amount of benefit payable would be sufficient to repay the amount of mortgage outstanding, throughout the mortgage term i.e. a capital and interest repayment mortgage.
If you die during the policy term your insurer will pay the calculated amount of cover at that time.
Protection plans typically have no cash in value at any time and will cease at the end of the term. If premiums are not maintained then cover will lapse.
The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Wooton & Bean is a trading name of Wooton & Bean Financial Solutions Limited.
Wooton & Bean Financial Solutions Limited is an appointed representative of TenetLime Limited, which is authorised and regulated by the Financial Conduct Authority.
TenetLime Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 311266.
Registered office: 1st Floor, 65 The Broadway, Haywards Heath, RH16 3AS. Registered in England No:9187571