Mortgage life insurance

The Saga Mortgage Life Insurance Plan lets you choose between a fixed or decreasing amount of cover for a set period of time. Cover includes:

  • SmoothMove: A 24-hour moving day rescue service
  • Free cover between exchange and completion, if you're aged under 55 when taking out the policy 
  • Terminal Illness Cover and Accidental Death Benefit are automatically included
  • Your premiums stay the same throughout the policy, unless you alter your policy
£50 M&S voucher
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MORTGAGE LIFE INSURANCE

The Saga Mortgage Life Insurance Plan, provided by Legal & General, is designed to help protect an outstanding mortgage should you die during the term of the policy.

Additional benefits

Life Insurance and Mortgage Life Insurance

When you purchase either Saga Life Insurance or Saga Mortgage Life Insurance, provided by Legal & General, you will automatically receive:

Accidental death benefit

Free accidental death benefit while your application is processed, giving you peace of mind that you’re covered in case of an accident.

Terminal illness cover

Your policy (minimum term 2 years) could pay out a lump sum if you're diagnosed with a terminal illness and have a life expectancy of 12 months or less. This cover is not available during the last 12 months of your policy.

Mortgage Life Insurance

When you purchase Saga Mortgage Life Insurance, provided by Legal & General, you will also automatically receive SmoothMove and Free life cover between exchange and completion.

SmoothMove

A 24-hour moving day rescue service – if there is an emergency when you move home, services such as car recovery, hotel accommodation and legal advice are available. SmoothMove is provided by Inter Partner Assistance, part of one of the largest international emergency assistance groups. Terms and conditions apply. Please see the policy summary and policy terms and conditions of SmoothMove.

Free cover between exchange and completion

Free life cover between exchange of contracts and completion of your property purchase, if you are aged under 55 when taking out the policy. The amount covered will be the lowest of your proposed sum insured, amount of your loan, or £300,000.

In Scotland this cover is provided from when you complete missives for your property, until the date of entry.

Please see the Key Features Document for details of the above additional benefits.

 

GET A QUOTE

* Offer available to new Saga Term Life Insurance customers who haven’t previously held or cancelled a policy provided by Legal & General. We will aim to send the vouchers four months after your policy start date. Please allow time for delivery. Customers paying monthly premiums will not be eligible for vouchers if a monthly payment is missed during this time. We will cancel any policies or vouchers if we have reasonable suspicion that the offer terms are being abused. No cash alternative will be offered. Legal & General staff are not eligible for this offer. All terms and conditions also apply to partners or friends applying for this offer. M&S vouchers subject to separate terms and conditions.

Saga Personal Finance is a registered trading name of Acromas Financial Services Limited, which is authorised and regulated by the Financial Services Authority. Acromas Financial Services Limited is registered in England and Wales (Company No. 3023493). Registered office: Enbrook Park, Sandgate, Kent CT20 3SE.