The leading specialist mortgage broker for Term Assurance For Doctors
Really helpful throughout the mortgage process and kept me updated on the progress throughout
50,000+ mortgages placed
20,000+ satisfied clients
Highly rated
At MPI Online, we understand just how important it is for your wealth to be protected as a doctor. We also know that this is particularly vital when you have a family and dependents who rely on you.
Life can be unpredictable, as you will only be too aware of through your work. It is almost impossible to predict the future, including the prospect of death and critical illness, which could leave you unable to cover your family’s basic living costs or mortgage without the right precautions in place.
Naturally, you’ll want to make sure that your loved ones are provided for, and that’s where a term assurance policy that is specifically tailored to your needs as a doctor could help.
Term assurance is often seen as a form of life insurance where premiums are paid for a specific time only. The policy expires at the end of the period, and no claims can be made against it.
In the event of death or critical illness during the specified period, a sum assured will be paid out to cover your mortgage or other type of long-term loan.
We understand that it’s not ideal to think about death and illness affecting you directly, but having a term assurance policy that is suited to your needs is an essential part of managing your wealth as a doctor.
Reach out to our term assurance experts today to see how we can help you!
Fancy owning your own medical student pad, but not sure how to manage a mortgage as a medical student? Read on to find out how to make it happen.
Types of Term Assurance Policy
There are different types of term assurance policies out there. Here at MPI, we can tailor the cover to your bespoke needs, whether you are a hospital doctor, consultant, GP, or junior doctor.
Level Term Assurance
This type of policy will pay out a lump sum that doesn’t change throughout the duration of the policy.
Decreasing Term Assurance
Often the cheapest option, this policy means that the sum assured will decrease by a fixed amount each year, ending at zero at the end of the term. This is usually used to cover mortgage repayments so the amount of outstanding debt can be paid off should a claim be made.
Increasing Term Assurance
This type of term assurance policy is used to protect the lump sum against inflation, protecting your sum.
Convertible Term Assurance
This allows you to switch the type of term assurance in the future to another type, such as a whole of life policy or an endowment policy.
When you work as a medical professional, finding enough time to research these options can be difficult. With our help at MPI Online, you don’t have to. We can talk you through your options to find the right solution.
A real world mortgage case
I am incredibly grateful. The offer pinged through an email at the very moment I entered the centre of one of Scotland’s most famous stone circles. The Ring of Brodgar on Orkney. That’s just got to be a good omen, on the day of a New Moon and Solar Eclipse too
Jordan, Foundation 1 Doctor, Liverpool
Why Use MPI Online?
We don’t believe in a one-size-fits-all approach when it comes to term assurance and wealth management. Everyone is different, and so is their personal financial situation. That’s why our experts get to know you so you can rest assured that you have the right level of cover that will pay out in the event of a claim.
MPI Online helps all types of doctors, from consultants, hospital doctors, GPs, and junior doctors, find a term assurance policy for their needs.
Simply provide us with a few details about your situation and the type of cover you require, and our experts will tailor a solution for you and your loved ones to give you peace of mind.
You might wonder why you need to turn to a specialist for your term assurance needs. We’re experts in all things finance and wealth management, and we always have your best interests at heart and will strive to find you a policy that fits.
If you are still unsure which term assurance plan is right for you, please do not hesitate to contact us, and our friendly team will be more than happy to assist.
8 reasons why is makes sense to use Doctors Mortgages
Our Experience
We have more than 20 years of experience sourcing mortgages for doctors that work for them. Doctors often earn higher than the average worker, so you would think they would have no problem securing the funds to buy a property. High street banks don’t understand the complexity of the medical profession, which can result in delays and rejected mortgage applications. With us, it’s simple. We provide practical mortgage advice at any stage in their career, sourcing mortgage deals of up to 5.5 times your income.
100% Online Service
Unsociable working hours and fragmented shifts can make it harder for you to find time to research lenders. Our 100% online mortgage broker service works around your schedule, with all communication via email or phone. We will never request to see you face-to-face unless you want to, and we will only contact you when you are available.
Saves You Time
Our online mortgage broker service will do all the leg work for you. You provide us with the essential information, and we’ll do the rest, from filling out the forms and submitting the application. We’ll handle communication with the lender to secure a mortgage for doctors wherever they are.
A Personal Mortgage Advisor
Once we are in touch, you will be allocated your personal mortgage advisor to guide you through the process. A specialist in providing mortgage advice for doctors, they will arrange the paperwork and find the right lender to ensure that your funds arrive in time to exchange contracts.
Understanding Of Earnings Structure
Regular lenders make mortgages for doctors complicated. Our online mortgage brokers understand how you get paid and how your employment contracts work so you won’t get rejected due to misrepresentation.
Strong Relationships With Lenders
We’ve built up trusted relationships with bespoke lenders that are not on the high street, meaning we can access better mortgage rates than you could find yourself.
Easy Application Process
Our brokers handle the entire application process, so you can rest easy.
Fee Free
The online mortgage broker for doctors’ service we provide doesn’t require a fee unless your case is particularly complex. We work on a commission basis.
8 reasons why is makes sense to use Doctors Mortgages
Our Experience
We have more than 20 years of experience sourcing mortgages for doctors that work for them. Doctors often earn higher than the average worker, so you would think they would have no problem securing the funds to buy a property. High street banks don’t understand the complexity of the medical profession, which can result in delays and rejected mortgage applications. With us, it’s simple. We provide practical mortgage advice at any stage in their career, sourcing mortgage deals of up to 5.5 times your income.
100% Online Service
Unsociable working hours and fragmented shifts can make it harder for you to find time to research lenders. Our 100% online mortgage broker service works around your schedule, with all communication via email or phone. We will never request to see you face-to-face unless you want to, and we will only contact you when you are available.
Saves You Time
Our online mortgage broker service will do all the leg work for you. You provide us with the essential information, and we’ll do the rest, from filling out the forms and submitting the application. We’ll handle communication with the lender to secure a mortgage for doctors wherever they are.
A Personal Mortgage Advisor
Once we are in touch, you will be allocated your personal mortgage advisor to guide you through the process. A specialist in providing mortgage advice for doctors, they will arrange the paperwork and find the right lender to ensure that your funds arrive in time to exchange contracts.
Understanding Of Earnings Structure
Regular lenders make mortgages for doctors complicated. Our online mortgage brokers understand how you get paid and how your employment contracts work so you won’t get rejected due to misrepresentation.
Strong Relationships With Lenders
We’ve built up trusted relationships with bespoke lenders that are not on the high street, meaning we can access better mortgage rates than you could find yourself.
Easy Application Process
Our brokers handle the entire application process, so you can rest easy.
Fee free
The online mortgage broker for doctors’ service we provide doesn’t require a fee unless your case is particularly complex. We work on a commission basis.
How Does Term Assurance Work With MPI Online
As a doctor, your free time is precious. You’ll unlikely want to spend that time arranging your financial situation. That’s where we come in to take the hassle out of making these important decisions.
Get your hands on term assurance that works for you in these three easy steps:
Get in touch
Kick things off by getting in touch via email, the phone, or by filling out your basic information on our contact form. Our friendly and professional team will then arrange a time to discuss your needs.
2. Initial Meeting
In a meeting, we’ll talk through your needs in detail, so we have everything we need to craft a policy that works for you. We can arrange this time around your work commitments, so there is no pressure to be available during traditional office hours.
Review & Accept
Once we’ve got a term assurance policy that we believe is perfect for you, we will let you know and talk through it with you, ensuring you fully understand the terms. When you’re happy, we’ll go through the forms and get everything sorted.
We can help you with all your mortgage and investment
needs at every stage of your financial journey
Boost Your Chances Of Getting A Mortgage With Our FREE Guide.
Mortgage advice and guides
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The Mortgage Application Process: A Step-By-Step Guide
Get in touch and see if we can find you the mortgage you want
