Our professional advisors will help you buy your home and stay in it whatever happens to you. We will identify the right cover so that you can still afford to pay your mortgage should you lose your job, or if you are unable to work due to accident or sickness. We will clearly explain which policies will ensure you leave a debt-free property to your estate in the event of your death.
Life assurance is an essential part of your mortgage purchase, as any outstanding mortgage debt will pass to your dependants in the event of your death. You should consider the impact on your family and home if you are inadequately insured. Your dependants may be left with a dramatically reduced household income, or the loss of the family home, which will affect their quality of life.
By putting life assurance in place you can protect your family for the future, as the mortgage will be repaid, and the property will pass to your next of kin debt-free. We can advise and recommend the best plan for your needs:
Level Term Assurance is the simplest form of Life Insurance, which pays out in the event of death during the term of the plan. The amount of cover remains the same or level during the term of the policy.
Decreasing Term Assurance pays out a lump sum that reduces over the term of the policy approximately in line with the outstanding amount of a capital repayment mortgage. It will pay out in the event of death during the term.
Critical Illness Cover (CIC)
Aside from the emotional burden on your loved ones, consider how your family would cope with the financial stress of the situation. Give yourself one less thing to worry about with the right Critical Illness Cover. You will benefit from a lump sum, to repay your mortgage in full, if you are diagnosed with one of a list of specified critical illnesses during the term of the policy.
Advances in medical science mean that you are now more likely to survive a serious illness than ever before. Whilst this is good news, you may be faced with a situation where you may not want to, or be able to, return to work. We will access the most comprehensive policies on the market and advise you on the best solutions to protect you and your family’s future.
The types of critical illnesses covered typically include heart attack, stroke, cancer and multiple sclerosis (the full list of illnesses covered are detailed by the insurers in their key features document, which is available on request).
Talk to our protection specialists today and we will help you diversify the risks and find an affordable solution to protect your life and loved-ones and property. Call 07753 112051 or contact us.
*As with all insurance policies, conditions and exclusions will apply. The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.