What Is Life Insurance?

Life insurance is a policy that pays out a tax-free lump sum if you pass away during the policy term. It is often used to clear a mortgage, cover day-to-day living expenses, or ensure your children’s futures are safeguarded.
There are two main types:

• Level Term Insurance – pays a fixed lump sum if you die within a set period

• Decreasing Term Insurance – designed to cover your mortgage, reducing in line with the outstanding balance

We will help you understand which option works best for you.

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Why Life Insurance Matters

Life can be unpredictable. Life insurance gives your family the financial protection to:

• Stay in the family home

• Keep up with bills and everyday expenses

• Pay off outstanding debts

• Cover funeral costs or childcare

• Maintain quality of life during a difficult time

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Do You Need Life Insurance?

If you have a mortgage, dependents, or joint financial responsibilities, life insurance is strongly recommended. In the UK, most lenders will suggest or require life insurance when applying for a mortgage – especially if you are buying with a partner or have children.
Even if your employer provides some cover, it is often not enough to fully protect your loved ones. A personal policy gives you control over the amount and duration of cover.

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How We Help

At Prime Mortgage Centre, we are not tied to any one insurer. We search across a wide panel of providers to find a policy that fits your budget, lifestyle, and long-term plans.
We will explain:

• The right level of cover for your mortgage or family needs

• How to link the policy with your mortgage

• Writing your policy into trust to avoid inheritance tax

• Any exclusions, waiting periods, or add-ons like critical illness cover

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Honest Advice, Tailored to You
There’s no pressure, and no jargon. Just clear, expert guidance from people who care. Whether you are buying your first home or reviewing existing cover, we’ll make sure your life insurance gives you – and your family – real peace of mind.

Ready to protect your future?

Get in touch today and speak to a protection expert.