Habito launches life insurance add-on
Online mortgage broker Habito has launched a life insurance offering as its first add-on service.
Habito Life Insurance is underwritten by AIG Life Limited and allows customers to assess their eligibility by answering as few as nine questions.
Every Habito homebuyer who qualifies is given free, no-strings-attached cover for up to 90 days and the product is then opt-in.
The flexible policy allows customers to increase or decrease their cover, or pause or cancel their policy. Habito will offer both level (for interest-only mortgages) and decreasing (capital and repayment mortgages) term life insurance, to single and joint applicants.
Daniel Hegarty, founder and CEO of Habito, said: “We know that when you buy a home, your first thought should be what colour to paint the walls, not worrying about who’s going to pay the mortgage after you’ve gone. Our life insurance offers accessibility, convenience and flexibility like never before, and three months of free cover means our customers can have complete peace of mind as they settle into their new homes.”
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