Insurance

Insurance Advice

We help clients find the mortgage protection that works best for you, giving you peace of mind that you and your family will be able to meet your financial responsibilities no matter what life puts in your path.

Why Is Mortgage Protection And Insurance So Important?

In most cases, your home is the most valuable possession you have to your name. And that means it’s worth protection in every way possible. Mortgage Protection and Insurance services give you the ability to protect yourself and your family from the threat of losing your home by helping you ensure that you can continue making your mortgage payments regardless of any life-changing event. When you work with our team, you can trust that you’re receiving the highest quality advisement without hidden agendas or surprises. We make mortgage protection easy to understand and even easier to put in place. Our team can make sure your family is covered against lots of different scenarios but some of the most common policies we recommend for our clients are:

Life Cover

Life insurance lets you leave some financial security for your loved ones if you pass away. Your family would usually get a lump sum that can help to pay off any debts, like a mortgage, as well as giving them money to live off.

Critical illness

Critical illness insurance provides you with a lump sum of money if you are diagnosed with certain illnesses or disabilities.

The kinds of illnesses that are covered are usually long-term and very serious conditions such as a heart attack or stroke, loss of arms or legs, or diseases like cancer, multiple sclerosis or Parkinson’s disease

If being ill has left you out of pocket, it can be really handy to have a large sum of money to spend on things like everyday expenses, paying off your mortgage or your medical expenses. You can use the money in any way you like, you don’t have to spend it on anything in particular.

You may have other income coming in while you’re ill such as state benefits or sick
pay from your employer. However, this may not cover all your needs. It’s a good idea to think about how much you would need to live on if you became seriously ill and whether you would need some extra money to boost your income

Loss of income due to illness or injury

Income protection insurance pays you a regular income if you can’t work because of sickness or disability and continues until you return to paid work or you retire. Income protection insurance is also known as permanent health insurance.

The amount of income you are allowed to claim will not replace the exact amount of money you were earning before you had to stop work. You can expect to receive about a half to two-thirds of your earnings before tax from your normal job. This is because some money will be taken off for the state benefits you can claim, and also the income you get from the policy is tax free.

You can’t claim income protection payments straightaway if you fall ill or become disabled. You usually have to wait a minimum of four weeks but payments can start up to two years after you stop work. This is because you may not need the money straightaway as you may get sick pay from your employer or you may be able to claim statutory sick pay for up to 28 weeks after you stop work.

Seeking Financial Advice?

Our financial consultants offer a wide array of financial advice, from mortgages to insurance.

Have any questions?