Why Mortgage Protection Matters – And Why We Provide Every Client with a Basic Life Quotation

At Mortgage321, our role goes far beyond securing the right mortgage for our clients. We believe in helping you protect your home, your family, and your financial future. That’s why, alongside every mortgage we arrange, we also provide a basic life cover quotation.

Why Protection is Essential

Taking on a mortgage is one of the biggest financial commitments most of us will ever make. For many clients, the monthly payment is the foundation of their household budget. But what happens if life takes an unexpected turn?

• If you were to pass away during the mortgage term, your loved ones could be left with the responsibility of meeting the mortgage payments or facing the risk of losing the home.
  
• A simple life insurance policy can ensure the mortgage is cleared in full, providing peace of mind and financial stability for those you care about most.
  

In our experience, protection is too often overlooked because the focus is purely on getting the mortgage approved. At Mortgage321, we make it part of the process to highlight the risks and to show you how affordable cover can be.

A Real-Life Example

Recently, we worked with a couple purchasing their first home together. Like many, they were focused on getting the keys and moving in, and initially felt life cover was “something for later.”

We provided them with a basic life quotation as part of the mortgage process. After reviewing the figures, they decided to proceed with cover costing them less than £20 a month. Sadly, just 18 months later, one of them passed away unexpectedly.

Because the protection was in place, the surviving partner didn’t have to worry about how to keep up with mortgage payments during an already devastating time. The policy paid out in full, clearing the mortgage and allowing them to stay in the home they had built together.

This is why we are passionate about protection – because we’ve seen first-hand the difference it makes when life takes an unexpected turn.

What is a Basic Life Quotation?

A basic life quotation is an illustration of what it could cost to put life cover in place to protect your mortgage. It is not a sales pitch but rather a regulatory requirement and, more importantly, part of our commitment to responsible advice.

The quotation shows:

• The cover amount (typically the value of your mortgage)
  
• The policy term (to match your mortgage term)
  
• The monthly premium
  
• Additional benefits, such as terminal illness cover and guaranteed insurability options
  This means every client, whether arranging a first-time mortgage, remortgage, or buy-to-let loan, will understand what it would take to put appropriate protection in place.

Tailored Solutions for Every Client

The illustration we provide is just the starting point. Everyone’s circumstances are different:

• Families may need additional cover to provide income security.
• Business owners and landlords may require more complex protection, such as critical illness or income protection.
  
• Some clients may already have cover in place and simply need a review to ensure it’s still adequate.
  

Our advisers are here to explore all the options with you, ensuring that any protection plan is tailored to your needs and budget.

Why Mortgage321 Makes This a Priority

With over 30 years of industry experience, we’ve seen how protection can make all the difference for families during the hardest of times. By providing every client with a life cover quotation, we make sure you have the knowledge and choice to make an informed decision.

We don’t just want you to have the right mortgage – we want you to have long-term peace of mind too.

✅ Next Step: If you are arranging a mortgage through Mortgage321, you’ll automatically receive your basic life quotation. Take a moment to review it carefully, and if you’d like to discuss your protection options in more detail, we’ll be here to guide you.

Not a Mortgage321 Client? We Can Still Help
Even if you didn’t arrange your mortgage through Mortgage321, we can still review your protection needs. Whether you want to put a new policy in place or simply check that your existing cover is still fit for purpose, our experienced advisers are here to help.

📞 Get in touch with Mortgage321 today on 0800 612 8292 to request your life cover quotation.
We’ll make the process clear, simple, and tailored to your circumstances—ensuring you and your family have the protection you need.