We regret to inform you that we are no longer accepting new customers.

If you’re looking for cover, Smart Insurance offers Family Life Insurance that could help your family to manage major household debts like the mortgage and car repayments, or simply help with daily living expenses if the worst were to happen. Please call them on 0800 977 6057 for your free quote, or visit their website www.smartinsurance.co.uk 

Please note: If you’re an existing customer, your FRANKLi policy remains unaffected. Please call FRANKLi customer service on 0800 542 7981 if you have any questions. 

Getting protection is easy

Mortgage Life Insurance is a simple way to make sure that your family can keep up with bills and other expenses if you were to pass away suddenly. Simply choose your benefit amount, how long you want your cover to last and a monthly premium that works for you, and you’ll be protected from day one (except if death is the result of self-inflicted injury in the first 12 months). Our Mortgage Life Insurance includes our guarantee that if your benefit amount is less than your outstanding mortgage at claim time and you meet the criteria, we'll pay the difference. As well as that, our funeral pledge means that you could get up to £10,000 of a valid claim paid in advance for your funeral. So, you can have some peace of mind that your family are in safe hands.

How does Mortgage Life Insurance work?

Choose a benefit amount that is enough to help cover the mortgage and your family’s future needs, with a monthly premium that you can afford. If you die during your policy, your family will receive a lump sum that could help them to keep up with mortgage repayments and keep living in the family home. If you’re unfamiliar with Mortgage Life Insurance, our guide will help you fill in any gaps.   

FRANKLi Mortgage Life Insurance is a decreasing policy. That means that over time, as the amount you pay on your mortgage goes down, so does your cover.  You may have seen it described as ‘decreasing term insurance’ for this reason. Your benefit amount will decrease by a fixed mortgage interest rate of 8% each year. With a decreasing policy, your monthly premium will remain fixed for the duration of your cover.

Free Info Pack

Find out more about FRANKLi Life Insurance and Mortgage Life Insurance with our free, easy-to-understand information pack, including important things to consider when buying life insurance.

What's covered by FRANKLi Mortgage Life Insurance?

When it comes to something as important as your family, you shouldn’t have to wait. That’s why you’re covered from day one with FRANKLi (except if death is the result of self-inflicted injury in the first 12 months). If you pass away during your policy term, your family will receive a lump sum that could help them to keep up with mortgage repayments and other outgoings. This includes if you were to contract coronavirus and subsequently pass away, or if you are diagnosed with a terminal illness with 12 months or less to live by a medical specialist.

You can choose a benefit from £20,000 up to £750,000, depending on your age and choose a policy that lasts between 5 and 40 years*. As well as that, FRANKLi Mortgage Life Insurance gives you access to FREE healthcare services, funeral pledge and claim support fund at no extra cost to you.

*Your policy must end before the policy anniversary following your 89th birthday.

FREE healthcare services

All the help you need to manage your loved ones' health and wellbeing, whatever life throws at you. 

  • 24/7 remote GP – Unlimited access to a UK-registered GP anywhere in the world.
  • Online health check – Personalised recommendations to help you take control of your health. 
  • Mental health support – One-off chats to remote therapy from trained professionals.  
  • Fitness programme – A diet and exercise plan to help you achieve your goals. 
  • Nutrition consultation – Nutritionists on hand to help with diets, weight loss, allergies and more. 
  • Expert case management – A second opinion from a medical expert. 

Learn more 

How to make a claim

At a difficult time, it's straightforward for your family to make a claim with FRANKLi:  

  1. Contact us to start the claim process. 
  2. Once a claim request is received, AIG Life Limited will contact the claimant and will send a claim form to be completed, signed and returned. 
  3. Provide any requested medical information. 

Things to Consider

  • Consider the benefit amount you choose as inflation may reduce its buying power over time. 
  • If you stop your monthly payments, you will get nothing back. 

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£4.87 per month for a 32-year-old non-smoker with £100,000 of mortgage life insurance cover over a 20-year term.