A mortgage is one of the biggest commitments you’ll ever make. Mortgage protection gives you confidence that, if the unexpected happens, you and your family can keep your home without financial strain. At Craig Adams Mortgages, we explain your options in plain English and recommend cover that fits your life and your budget—no hard sell, just sensible advice.
“Mortgage protection” is an umbrella term for a few types of insurance designed to help cover your mortgage if you die, become seriously ill, or can’t work due to illness or injury. The right mix depends on your circumstances, your loan size and term, and any benefits you already have.
Pays a lump sum if you die during the policy term. Level term keeps the payout fixed; decreasing term usually tracks your reducing mortgage balance—often the most cost-effective for repayment mortgages.
Pays a tax-free lump sum on diagnosis of specified serious conditions (as defined by the insurer), helping you reduce or clear the mortgage and cover treatment or lifestyle changes.
Replaces part of your income if you’re unable to work due to illness or injury for a prolonged period. You choose a “deferred period” (e.g., 4–26 weeks) to sit alongside your sick pay, and payments continue until you’re back at work or the policy end date.
Instead of a lump sum, this pays a monthly income to your loved ones if you die during the term—an affordable way to match household bills and mortgage payments.
(As with all insurance, terms, conditions, and exclusions apply.)
We’ll help you strike a balance between sensible protection and affordability. Typically we look at:
Your outstanding mortgage and remaining term
Whether the mortgage is single or joint
Your income, bills, and dependants
Any work benefits (death-in-service, sick pay) or existing policies
Whether you prefer a lump sum or a monthly income benefit
Whole of market: we’re not tied to one provider—we search widely for suitable options.
Tailored advice: recommendations based on your situation, not sales targets.
Clear pricing: we explain premiums, what’s covered, and what isn’t.
No hard sell: you decide what’s right; we keep it simple and transparent.
Ongoing support: policies reviewed at remortgage, new job, new baby—whenever life changes.
Premiums are influenced by age, health and medical history, smoker status, occupation, policy length, sum insured, and (for income protection) the deferred period and benefit length. We’ll compare providers and structures to keep cover effective and good value.
Want protection that’s clear, realistic, and affordable? Speak to us for a free, no-obligation chat. We’ll map your risks, check existing benefits, and recommend a simple plan to protect what matters most.
