Skip to navigation
Skip to main content
Skip to footer

To give you the best and most secure online experience possible, our website uses cookies. Continue to use the website if you're happy with this, or find out how to manage cookies.

Mortgage Protection Term Cover


Why choose John Lewis Life Cover?
Tick

Financial security for your loved ones - they can receive a cash sum if you die during the cover period.
Tick

The cash sum that would be paid out decreases over the cover period.
Tick

The money can be used to pay off your mortgage.
Tick

Early payment - receive payment if you’re diagnosed with a terminal illness before the cover ends, where death is expected within 12 months.
Tick

Waive your premiums - for an additional amount you can have your premiums waived if you can’t work due to illness or injury for over three months. This will continue until you return to work, your 65th birthday or the cover ends.

John Lewis Life Cover is provided by Friends Life and Pensions Limited.

Please read the Key Facts (PDF) and Membership Handbook (PDF) for full details of the cover. The Membership Handbook is also commonly known as 'policy conditions' or 'terms and conditions'.

What is Mortgage Protection Term Cover?

Mortgage Protection Term Cover pays out a cash sum that can be used to pay off your repayment mortgage if you die or suffer a terminal illness during the term of the plan. The level of cover reduces each month in line with the capital outstanding on a repayment mortgage with an interest rate of 10% per year.

By taking out John Lewis Life Cover, you can help to ease your family's financial worries should you die or be diagnosed with a terminal illness (where death is expected within 12 months) during the cover period.

If you have an interest only mortgage or you want to be able to cover additional outgoings, you may like to consider our Level Term Cover. 

Other cover options are available. To find out more please call us on 0800 916 6840 or read the Key Facts (PDF). 

It's important to remember that the buying power of money will reduce with inflation, so you need to make sure that you take out sufficient life cover and regularly review your arrangements with us.

How much will Mortgage Protection Term Cover cost?

Protecting your family financially could start from as little as £8 a month although it will depend on your individual needs and the premium you choose to pay. A John Lewis Life Cover plan doesn't have a cash-in value and requires you to make monthly payments.

Call us on 0800 916 6840 for your personal quotation to see just how affordable Life Cover could be.

Please be aware that although we can talk through the different options with you, we can't give you financial advice. A professional financial adviser can help you decide whether a Life Cover plan is suitable for you. You may have to pay for this advice.

Any questions?
Please call us on 0800 916 6840

Terms, conditions, limitations, exclusions and eligibility criteria apply.

John Lewis Life Cover is provided by Friends Life and Pensions Limited - please read Important information (PDF). Once your policy begins you may receive documents and correspondence from Friends Life. These will always be relevant to your application or policy and will never be unsolicited.