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Life with Critical Illness Cover for Mortgage Holders (with advice)

Cover for UK residents who have a mortgage

Get free advice from a mortgage adviser to help you choose the right level of cover.

  • Provides a lump sum if you're diagnosed with 1 of 40 listed critical illnesses
  • Monthly premiums from £6
  • Provides a lump sum on death or diagnosis of terminal illness
  • How it works

    Life with Critical Illness Cover for Mortgage Holders (with advice)1 pays out a lump sum if you're diagnosed with a listed critical illness, or if you die within the term of the policy.

    Terminal illness cover is included at no extra cost (minimum policy term 2 years).

    You'll get one-to-one advice from our mortgage advisers on the amount of cover to suit your needs.

    Use the benefit to repay your mortagage and allow your family to remain in your home.

    • Monthly premiums start from £6 a month
    • Provides a lump sum on death or diagnosis of 1 over 40 conditions during the policy term
    • One-to-one consultations in a branch or by phone
    • Choose between level or decreasing cover
    • Critical Illness Cover for children is automatically included

    Further terms, conditions and exclusions apply – ensure you read the Barclays Mortgage Protection Plans Key Features 120 KBpolicy terms and conditions 190 KB and guide to Critical Illness Cover 430 KB documents2 so you know what's covered and what's not.

  • Policy types

    We have 2 types of cover available. Our mortgage advisers will help you choose the right amount of cover to suit your needs.

    Level-term cover

    • Provides a lump sum on death or diagnosis of 1 of 40 conditions during the policy term
    • Premium and amount of cover stays the same throughout the term unless you alter your policy

    Decreasing-term cover

    • Provides a lump sum on death or diagnosis of 1 of 40 listed conditions during the policy term, which could be used to help repay your outstanding mortgage debt
    • Amount of cover is designed to help cover your mortgage as it will reduce broadly in line with the way a repayment mortgage reduces

    Need joint cover?

    With both level term and decreasing term, you can take out cover for just yourself or with your partner/another loved one. The policy only pays out once, so if 1 person dies and a claim is paid, the policy will end.

    Critical Illness cover for your children is automatically included with your policy from when they’re 30 days old to when they’re 18 years old (or 21 years old if in full time education) at no extra cost.

    Further terms, conditions and exclusions apply – ensure you read the Barclays Mortgage Protection Plans Key Features 120 KBpolicy terms and conditions 190 KB and guide to Critical Illness Cover 430 KB documents2 so you know what's covered and what's not.

  • What you need to know

    Life Insurance with Critical Illness Cover for mortgage holders (with advice) is only available to UK residents who have a mortgage or are in the process of applying for a mortgage. This is regardless of whether your mortgage is with us or another lender.

    If you choose decreasing-term cover, there are some circumstances when the amount of cover may not be enough to pay off your mortgage, for example if your mortgage interest rate averages over 10% during the policy term or if you change your mortgage.

    During the application process, our mortgage advisers will calculate the level of cover that is suitable for your mortgage. Call us on 0333 202 75803 to find out more, or visit your nearest branch.

    This plan is not a savings or investment product and has no cash value unless a valid claim is made.

    What if I stop paying?

    If you stop paying the premiums before the end of your policy, your cover will end after 30 days.

    You won’t get anything back if you decide to stop your plan. The plan will also not pay out if you reach the end of the plan without making a claim.

    Further terms, conditions and exclusions apply – ensure you read the Barclays Mortgage Protection Plans Key Features 120 KBpolicy terms and conditions 190 KB and guide to Critical Illness Cover 430 KB documents2 so you know what's covered and what's not.

Interested?

Call us

Call the Barclays Mortgage Helpline on 0333 202 7580 3 option 3.