Northern Rock Mortgage Insurance

Northern Rock Mortgage Insurance. Fact! If you don't compare mortgage insurance protection quotes you will not get the best deal. Compare and save £1000's.

Northern Rock Mortgage Insurance helps the people to get rid of unwanted worries about paying for the outstanding mortgage dues, loans, and debts.

The loss of major breadwinner in a family puts the rest of the family in great financial trouble and the same tend to be dreadful when there is an outstanding debt to be paid to recover the mortgaged property. Northern Rock Mortgage Insurance pays a lump sum amount to clear the mortgage debt and help families to retain the property upon death of the policy holder. This is applicable for property purchased or constructed by obtaining the mortgage.

About Northern Rock Mortgage Insurance

Northern Rock has been emerged as a charitable foundation called the Northern Rock Foundation, with the objective to enhance the lifestyle and conditions of the people who are limited by age, financial status, education, etc. Eventually, before a couple of years, it has been converted into a public owned enterprise and offer cheaper insurance solutions with great benefits.

Types of Policies:

Northern Rock Mortgage Insurance , a part of life cover can be classified into three different types of coverage and include life cover, over 50 life cover and existing users home insurance cover. Northern Rock Mortgage Insurance life cover covers the life of the policy holder and upon death or terminal illness; a lump sum amount is paid to compensate the loss of the family holder. Over 50 Life cover is offered for elderly people above the age of 50 years. The insurance covers the life of the policy holder and offers compensation up on death or critical illness or terminal injury. The elderly people need not worry about their financial burden that may arise in the unforeseen future, as the mortgage debt and other loans are paid by the insurance company. Existing users of Northern rock, who have availed home loan from the company, can opt for additional coverage of home insurance. If anything happens to the policy holder before he or she repays the entire amount of outstanding home loan dues or installments, northern rock will pay for the same and helps the family to retain the possession.

Rival Companies of Northern Rock Mortgage Insurance

Rival companies of Northern Rock Mortgage Insurance include Sun life direct mortgage insurance, liver pool mortgage insurance, Churchill mortgage insurance, direct line mortgage insurance, etc.

Review of Northern Rock Mortgage Insurance

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