What is Mortgage Protection Insurance?
Mortgage protection insurance (MPI) is a specialised life insurance policy designed to pay off your mortgage, or cover its payments, if you die or become disabled or critically ill. Unlike Private Mortgage Insurance (PMI), which protects the lender, MPI protects you and your family by ensuring they can stay in the home.
Key Features & Benefits
Payout Goes to Lender: If you die, the policy pays the outstanding mortgage balance directly to the lender.
No Medical Exam: Often, these policies do not require a medical exam, making them easier to obtain — especially for those with health conditions.
Optional Coverage: You can add riders for disability, unemployment, or critical illness to cover payments for a set period.
Decreasing Coverage: Often termed 'decreasing life cover,' the death benefit reduces over time, matching the shrinking balance of your mortgage.
Three ways it protects your home
A good mortgage protection policy can cover you in more than one scenario. Here's what the right policy can do.
If you die
The policy pays off your outstanding mortgage balance so your family keeps the home. No monthly payments, no uncertainty — just security.
If you're seriously ill
A lump sum or monthly payments cover your repayments while you recover. Focus on getting better — not on how you'll pay the mortgage.
If you lose your income
Some policies cover redundancy too, giving you breathing room while you find your feet. Your home stays safe even when work doesn't.
Which type is right for you?
Decreasing term
Most common — usually the cheapest
The payout amount reduces over time, in line with your repayment mortgage balance. Perfect if you want to cover exactly what you owe and nothing more.
Level term
Good for interest-only mortgages
The payout stays the same throughout the policy. Ideal if your mortgage balance doesn't reduce, or if you want to leave something extra for your family.
Family income benefit
Pays monthly instead of a lump sum
Rather than one large payout, your family receives a regular monthly income. This can be easier to manage and is often more affordable than a lump sum policy.
How it works
Tell us your mortgage details
Amount, monthly repayment, how long left. Takes under 60 seconds.
We find the right type of policy
Not all mortgage protection is the same. We match the cover to your mortgage type and your life.
Done in days
Policies often start within 48 hours. We handle the admin so you don't have to.
Frequently asked questions
We do not guarantee a specific premium or that cover will be offered. Eligibility and underwriting decisions are made by the insurer. Always read your policy documents carefully.
Your home is worth protecting.
Request a free callback and we'll find the right mortgage protection policy for you.
