Your mortgage is likely to be your biggest monthly outgoing, so if you are the breadwinner, you need to think about how your family would meet monthly repayments without your income.
Bounce Life look after many homeowners and understand the importance of repaying the mortgage and other debts first, in the event of death.
Before taking out cover though, always check with your employer to see how much they will pay out in the event of your death.
Mortgage protection life cover lasts for the same length of time as your mortgage. Most people with repayment mortgages go for decreasing life polices, which means the size of the pay-out decreases in line with your mortgage debt as it gets smaller over time.
If you currently have an interest-only mortgage, and are therefore only repaying the mortgage interest and not the capital debt, remember to include both capital and interest when working out how much cover your need.
If you have an interest only mortgage, your Bounce Life adviser will most likely recommend a level term assurance policy. If repayment, then you should have a decreasing policy.
Your Bounce Life adviser will ensure you get the product you need, with the right provider, at a price you can afford.
Get a Quote
Fill in our quote form and an adviser will contact you to arrange an appointment.
If you have queries about your existing policy please get in touch.
About Bounce Life
Learn more about Bounce Life, our mission and commitment.
PROTECTED FOR LIFE
Life insurance could be the most important financial product you ever buy.
If you die while you still have dependants, being able to claim on a life insurance policy could be the difference between your loved ones struggling to make ends meet, and their financial security.
Despite this, many of us simply don’t have any life insurance cover in place. Your Bounce Life adviser will ensure you get the product you need, with the right provider, at a price you can afford.
Refer a friend
Bounce operates a refer and earn scheme and we'll pay up to £50 for each successful Life insurance referral*
The Bounce Visa Card
We've partnered with SODEXO so that we can offer all of our clients a Bounce branded pre-paid VISA card which allows up to 8% cashback at leading retailers, restaurants and supermarkets, we can also load any successful referral payments onto the card*.
*A successful referral is a client that has paid their first month's premium.
The Bounce Visa Card costs £10 which is a one off set up fee.
Bounce offer a free Will service worth £130 which is available with every Life policy taken out.
Every Life policy taken out with Bounce has the option to have a free trust set up for you if you wish to do so.