If you or those who depend upon you would suffer financially if you lost your job, became ill, critically ill or died, the last thing your family need is financial worry and fear of losing your home.

Mortgage Protection Policies

As follows:

Mortgage Term Assurance

The aim of Mortgage Term Assurance is to pay off the mortgage if the life assured dies during the term of the policy. Level term assurance the sum assured stays level throughout the term of the insurance.   Decreasing term assurance  the sum assured reduces each year in line with the expected reduction in the mortgage loan.

Many direct to consumer websites sell low cost off-the-shelf protection policies which are often stripped of benefits to clients.

They cannot possibly compete with the value that professional advisers can add through advice, market understanding and product knowledge. For example, in the use of trusts this can ensure that the right money is in the right place at the right time.

Critical Illness Cover

A Critical Illness policy will pay out a guaranteed sum of money if the Life Assured is diagnosed with a critical illness the definitions of these illnesses are noted in the policy document.

Family Income Benefit

The plan pays out a monthly income in the event of the death of the life assured to provide for dependants, say until the age of 21.  A popular plan for families with young children.

Mortgage Payment Protection Insurance

This insurance is designed to pay the mortgage if the insured suffers an accident, illness or becomes unemployed.  The benefit is usually payable for a period of 12 to 24 months or on return to work if earlier.

Income Protection Plan

This insurance provides a monthly income to the insured if they suffer an illness or accident and are unable to work. The benefit is usually payable after a deferred period of a month, 13 weeks, 26 weeks or 52 weeks.

Building & Contents Insurance

Buildings insurance and contents insurance cover the usual perils of fire, storm, flood and subsidence and other risks.. 

Phone 01246 292351 

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