Family Protection
Life insurance, explained properly.
Life insurance pays out a tax-free lump sum or income to your loved ones if you die during the policy term. We help you choose the right type, term and amount of cover for your circumstances, and place it with an insurer likely to accept your application first time.
- Level term cover. A fixed lump sum throughout the term, often used to protect family income.
- Decreasing term cover. Cover that reduces in line with a repayment mortgage.
- Family income benefit. A regular tax-free income for your loved ones rather than a lump sum.
- Trusts. We help place policies in trust so the payout reaches the right people quickly.
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Catherine Hazell
09/10/2025
"Ves is lovely to work with and very knowledgeable. He really put in the hours to get us the products we wanted and needed. Would 100% recommend The Mortgage League for Life Assurances"
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FAQ
Life insurance questions
The most common questions we hear when arranging life cover.
How much life insurance do I need?
There is no single right answer. A common starting point is enough to clear the mortgage and provide an income for your dependants for a number of years. We will talk through your outgoings, debts and dependants to arrive at a figure that fits your circumstances and budget.
What is the difference between level and decreasing term cover?
Level term cover pays out the same lump sum regardless of when a valid claim is made during the term, which suits family protection or interest-only mortgages. Decreasing term cover reduces over time roughly in line with a repayment mortgage balance and is therefore typically cheaper.
Should my policy be written in trust?
Writing a policy in trust can mean the payout falls outside your estate for inheritance tax purposes and reaches your chosen beneficiaries faster, without waiting for probate. It is suitable in most family situations. We can arrange this for you when we set the policy up.
Will I need a medical?
Most applications are accepted on the strength of a health and lifestyle questionnaire. Some applications may require a GP report or a brief medical examination, depending on your age, sum assured and disclosed health information. We will let you know what to expect before you apply.
What if my health has changed?
It is essential to disclose all relevant medical and lifestyle information accurately on your application. Failing to do so could mean a future claim is declined. The right insurer for your circumstances often depends on the specific condition involved, which is where advice can help.
Is life insurance worth it if I am young and healthy?
Premiums are typically lower the younger and healthier you are, and cover taken out earlier locks in those rates for the chosen term. Whether it is right for you depends on whether anyone would be financially affected by your death. If the answer is yes, it is worth a conversation.
Are the premiums guaranteed?
Most policies we recommend have guaranteed premiums, meaning the price you start with is the price you pay throughout the term, regardless of changes to your health. We confirm this with you during our conversations and before application.
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Ves Doctorov Cert SMP
Owner & Principal Mortgage Adviser