Insurance FAQs - Life Insurance

I have a repayment mortgage with the Cheshire but do not have any life insurance. Can you arrange this for me? 

Yes, we are able to arrange life insurance through Norwich Union. Their mortgage life insurance policy is designed to help ensure that your repayment mortgage is paid off, should something happen to you during the term of your policy. To arrange to speak to one of our Financial Consultants or for more information, please telephone our Customer Contact Centre on 0800 195 1514, visit your local branch or complete the contact us form.

Is there a life insurance policy I could take out to protect my interest only mortgage with the Cheshire? 

Yes, the life insurance policy provided by Norwich Union provides a fixed lump sum should something happen to you during the policy term. With an interest only mortgage, you do also need to consider some form of repayment vehicle to repay the loan at the end of the mortgage term. Please speak to one of our Financial Consultants for more information.

Can I also take out cover to protect my mortgage in the event that I am diagnosed with a serious illness? 

With both the mortgage life and the life insurance policies, there is an option to select critical illness cover, which pays out a guaranteed cash sum if you are diagnosed as suffering from a specified critical illness within the policy term.