NU cuts prices on long-term mortgage protection

It says the changes reflect market demand, which has seen increasing numbers of consumers taking out 30 or 40-year mortgages. The insurer says it can now offer more competitive premiums for those taking out MLI and term assurance policies lasting longer than the traditional 25 year term. Norwich Union has taken the decision to reprice its mortgage protection range just three months after it extended both MLI and term assurance with reviewable critical illness to cover 40 year and 50 year periods respectively. The changes also follow the launch of Norwich Union’s ‘Protection Service Pr...