Protecting your mortgage and family – Is it really worth it?

Protecting your mortgage and family – Is it really worth it?

Whilst he was one of the youngest cabinet ministers, Winston Churchill pioneered social reforms and laid the foundations of the welfare state, however he was a strong advocate of personal insurance to prevent hardships in times of tragedy and once famously said;

“If I had my way, I would write the word ‘insure’ upon the door of every cottage and upon the blotting book of every public man, because I am convinced, for sacrifices so small, families and estates can be protected against catastrophes which would otherwise smash them up forever.
It is the duty to arrest the ghastly waste, not merely of human happiness, but national health and strength, which follows when, through the death of the breadwinner, the frail boat in which the family are embarked, founders and the women and children and the estates are left to struggle in the dark waters of a friendless world.”

You may ask yourself if you can afford life insurance. But here’s a more important question: can you afford NOT to have it? If the unexpected happened, how would your loved ones cover the bills, mortgage payments, childcare costs and everyday expenses? It is often in the hardest of times that we find out just how difficult life can be without provisions made for the illness or death of a loved one. There are few things in life that are for certain as our own mortality, however it is that certainty that whilst, if not for us as individuals, for our dependents, we are able to insure against.

You might be forgiven for questioning the value of insurance. After all, you pay your premiums, and in most cases get nothing in return; nothing that is other than valuable peace of mind.  You only need to hear some of the stories of the plight of the survivors of the uninsured and compare them with those who have been provided for to realise quite how valuable life insurance can be.

With a mortgage being one of the largest financial commitments and a home being a fundamental human need, it is essential to ensure that dependents are taken care of.

When buying insurance it is vitally important that advice is sought as it is not the “commodity” product that some think it is, for example: some policies have guaranteed premiums whilst others are reviewable, attitudes to someone’s existing health conditions or occupation can vary between providers, other features may be added such as critical illness cover; these are just a few of the important features to consider.

As advisers, our role is not just to advise on and arrange mortgages but also to highlight the protection products that you need but don’t know about. 

It isn’t compulsory to take out life insurance with a mortgage although some say it should be. The reason for this is that everyone is different, and it would be reasonable for a lender to insist on a borrower having to take out a standard product; it is not because the lender is happy for you to throw caution to the wind!

If you would like to review your protection requirements please call Private Finance on 0207 317 2820 or email

Protecting your mortgage and family – Is it really worth it?


Leave this field blank
*  =  Required field


© Private Finance Limited, 2019. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 29 Lincolns Inn Fields, London, WC2A 3EG, registered in England no. 3855776 and its Appointed Representatives. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

Private Finance Ltd is rated 4.95 stars by based on 671 merchant reviews

4.95 / 5 Rating
671 Reviews
We have had a mortgage and then remortgage arranged through Private Finance over the last 2 years. We have dealt with Shaun Church on both occasions and he has been excellent. Shaun and his team are both professional and extremely knowledgable. As a result we have found the process far less stressful and we felt supported throughout. Shaun was always available to answer questions and to help guide us through some quite complex situations. We would not hesitate to use them again and would highly recommend them.
I’ve been in contact with Ryan and his team for nearly 12 months now and I can honestly say that I couldn’t have asked for a better team to be helping me secure the property I’m buying. Ryan, Chloe and Nathan have been absolutely excellent, very professional, comforting, reassuring at all times throughout the whole buying process! Kept up to date week to week with any of my questions answered promptly. From start to finish, you really feel valued with the effort the team put in and results speak for themselves. Some of the things that Ryan has been able to pull off never seemed possible. No matter how complex the scenario, Ryan and his team are so versatile! 10/10 would highly recommend to first time buyers, landlords etc. Look forward to doing more business with Ryan, Chloe and Nathan in the very near future!
They’re very professional and they make everything easy for you , no complications, . Communication are very good Micheal Mear is the one I dealt with and he’s great 👍
The British Mortgage Awards 2015 back to top