Mortgage life insurance

A mortgage is a big commitment. You don't want your loved ones to have to worry about how they're going to make the repayments if you're not around. Even if you're not earning a salary, your contribution to the household is still invaluable. How would your family cope and make ends meet without you?

With mortgage life insurance (known as Mortgage Life Assurance), you know that the mortgage could be paid off if you die during the term of the plan, so your loved ones wouldn't have to think about selling up or downsizing. Mortgage Life Assurance is brought to you by Nationwide and provided by Legal & General.

At a glance:

• Premiums could be really affordable - from just £6 per month
• Choose how long you want the cover to last for, and how much the lump sum will be
• You can take out cover right now online (subject to acceptance)
• Add Critical Illness Cover, and you'll be financially protecting your family if you fall critically ill with one of a range of specified illnesses
• Choose between fixed or decreasing cover to suit your mortgage
• Free 24-hour moving day rescue service ('SmoothMove')
• Free access to Healthy Living - an innovative online tool that enables you to assess, monitor and improve your health. You can choose to join this when your policy starts
• 5 star cover: When you take out Life Insurance and Critical Illness Cover together, you'll benefit from a product which has been rated 5 Star by Defaqto, the independent financial research company.This means you can be confident that you're getting one of the best quality products in the market, with an excellent range of features and benefits and very high cover levels

Get the right level of cover

You may want cover that will simply pay off the mortgage, or you may decide your dependants will need some extra money on top. So you may want to take out additional cover to provide a lump sum greater than your outstanding mortgage.

Extra cover options

When you apply for a life insurance policy, if eligible, you can choose to add on extra cover options, for added peace of mind and protection:

Waiver of premium: Pay a little extra to cover yourself if you can't work. This benefit pays your premiums if you become too ill to carry out your normal occupation for 26 weeks or more due to incapacity caused by illness or injury.

You'll also get access to:

Critical illness Cover: Critical Illness cover provides protection if you should be come critically ill. The policy pays out your chosen amount of cover if you're diagnosed with one of the specified illnesses and are eligible to claim during the policy term. You can apply for this and your Life Insurance policy at the same time. More about Critical Illness Cover

This plan has no cash-in value at any time. Please refer to the Key Features Document for full details of the terms and conditions, exclusions and limitations that apply.