Types of Cover
Protection insurance doesn't need to cost the earth. In fact it
might not cost as much as you think. And even a relatively
small amount of cover would help your family cope for a while.
There are many types of cover available on the market today, we
have listed these below. However we would recommend that you speak
with our protection experts who will be able to assess your
individual situation and advise on the right type of protection
products to suit you and your family.
If you are unable to afford all the cover you need today, why
not take out a little now and add more cover in the future.
Life assurance
Life assurance gives you peace of mind that your loved ones will
be provided for should you die. There are many different ways to
arrange life cover and we can help you find the best deals
available. Life assurance ensures that in the event of death your
mortgage will be repaid and the costs not passed on to your
dependents or loved ones.
Level term assurance provides a set level of cover for the term
you choose. Decreasing term assurance covers you for the term you
choose, but the level of cover decreases through the term of this
policy.
Contact our protection experts to get a
personalised quote
Critical illness cover
The younger you are, the cheaper the cost of critical illness
cover will be. For a relatively small cost, you could help your
family cope for a while with an income to pay household bills and
debts. Alternatively a lump sum cover could be arranged which could
pay for other things like:
- Private treatment
- Prescribed drugs not available through the NHS
- Changes to your home
- Paying off all or part of your mortgage
Mortgage payment protection
Mortgage protection such as accident, sickness and unemployment
cover can give you peace of mind knowing that in the event of
redundancy or illness your mortgage payments will be made and your
home will be safe.
Most standard mortgages do not have any protection insurance
included, so it's important to decide what kind of separate cover
you need. Accident, sickness and unemployment cover insures you
against changes in your circumstances due to redundancy,
disability, or illness. Usually payments are made for up to a
maximum of 12 months. If you would like to be covered for longer
than this you may want to consider taking out income
protection.
Contact our protection experts to get a
personalised quote
Income protection
This offers borrowers the security of knowing that their
essential repayments will be made if anything happens. For example,
if you are in an accident and are unable to work for a while, a
lack of comprehensive income protection cover means you will rely
solely on state benefit which is unlikely to be sufficient to
meet your mortgage repayments. This is where income protection can
help as it provides a tax free monthly payment until you are able
to return back to work.
Contact our protection experts to get a
personalised quote
For insurance business we arrange products from a choice of
insurers.
To find out more about mortgage and family protection call us
on 0800 652 9103.