Quick Select:  
CALL FREE ON 0800 177 7890
Jigsaw Independent – Mortgages, Life Insurance, Secured loans
Company Profile | Testimonials | Mortgages | Links | Assurance Quote | Critical Illness Cover | Contact Us
First Time Buyers
Buy To Let
Commercial Mortgage
Life Insurance
Critical Illness Cover
Mortgage Protection
Family Protection
Assurance Quote
View Mortgage Market
Company Profile
Jigsaw Blog
Contact Us
Jigsaw Interactive
T. 0800 177 7890
E. Email
  104 - 106 Moseley Avenue


Quick Enquiry form

Quote Type:

Type of insutance Required:
Do you wish to include Critical Illness Cover?

How long do you need cover for?

How much cover do you need?

*By pressing Proceed you agree that a representative of Jigsaw Independent can contact you

Life Insurance

Term Assurance, often referred to as life insurance, is designed to provide cash either by lump sum or regular payments in the event of death during a specified period of time.

Term Assurance policies have no surrender value at any time. If no claim is made the policy will cease at the end of the term without value. The cost of this type of life insurance is lower than ‘whole of life’ policies for a given amount of cover. Term Assurance will normally be for a set term, for example at the end of which it may be that the family will be self-sufficient and not reliant on the person originally insured.

There are essentially 3 types of life insurance for mortgages.

Level Term Assurance

This is where the amount of life insurance, or sum assured, remains level throughout the term of the policy. If you are taking out life insurance to protect your loved ones in the event of your death you may consider level term assurance to ensure that the level of protection remains constant. You will also need level term assurance if you have taken out an interest-only mortgage.

Decreasing Term Assurance

This type of life insurance is specifically designed to protect a capital repayment mortgage in the event of death and is often known as mortgage protection insurance.

The sum assured decreases over the term of the policy roughly in line with your outstanding mortgage debt, although the premium will be determined at the outset and will normally remain the same throughout. Decreasing Term Assurance is usually cheaper than Level Term Assurance and with some insurers you will be able to select the interest rate on which the reducing cover will be based.


Occasionally if you have assigned your policy to a lender, conditions may not automatically allow you to benefit personally but may insist that the sum assured repay the debt.

Your home may be repossessed if you do not keep up repayments on your mortgage.     Copyright Jigsaw Mortgages All Rights Reserved

Jigsaw Independent Mortgage Specialists LTD is Authorized and Regulated by the Financial Conduct Authority. Registration No 449134.


Jigsaw Independent Mortgage Specialists is proudly powered by Kalidescope