Life Cover
MHB is an independent broker offering you a simple to use life assurance quotation system. Our service enables you to get comparative quotes from a wide range of Life Assurance product providers.
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Mortgage Protection
Mortgage Protection is a term assurance policy used to ensure the
repayment of a mortgage in the event of the borrowers death during
the mortgage term. Typically, a decreasing term assurance will be
used in connection with a repayment mortgage where the policy sum
assured will decrease in line with the repayment of capital.
Level Term assurances are used in connection with an interest only
mortgage as the mortgage debt remains the same throughout the mortgage
term. These are for a fixed period or until a specified date and
will cease without value.
Family Income Benefit
Family Income Benefit is a type of term assurance in which, following
the death of the life assured, instalments, rather than a lump sum,
are paid to the beneficiary for the remainder of the policy term.
If the life assured lives to the end of the term, no benefit is
payable.
Income Protection
Income protection plans are geared to protect up to 75% of your
gross annual earnings. Payments of monthly benefit on such plans
is usualy deferred for periods of 4, 13, 26 or even 52 weeks with
corresponding lowering of premium rates, the longer the deferral
period.