Life Insurance

Breathe easy knowing you have the right insurance in place to protect your loved ones should the worst happen. We’ll talk to you about what’s most important to you and tailor a package to suit.

  • 1-1 personal service
  • Professional, empathetic approach
  • No obligation advice

Protecting your property and the people inside it

It can be an incredibly emotive topic, but is an important one to consider. What happens to your family if you’re no longer around or able to support them? Simply knowing you’ve put plans in place to make sure your loved ones will be looked after and can stay in their own home, should help you sleep a little easier at night.

We understand the burden of responsibility that comes with taking on a sizeable mortgage loan, that’s why we take our own responsibilities seriously when it comes to making sure you’re fully protected.

We’ll work with you to understand your needs and build a specialist package to suit your situation, so no matter what life throws at you, your family and your investment will be safe and secure.

Please be aware that for insurance business we offer products from a choice of insurers.

What is life insurance and do I need it?

Life insurance is there to protect your family from any financial worries if you are no longer around. It is designed to pay out a lump sum on death and can be arranged on a level or decreasing basis, depending on how your mortgage is structured:

  • Level cover remains constant throughout the term of the policy, ensuring a pre-determined amount will pay out in the event of death. This is ideal for an interest-only mortgage but is often used to protect repayment mortgages too because it is relatively inexpensive.
  • Decreasing cover reduces over time, often taken out alongside a repayment mortgage to ensure the amount paid out matches the outstanding mortgage balance owing at the time of death. Therefore, it’s normally cheaper to protect your debt this way as the amount of cover decreases over the term of the mortgage versus paying out a guaranteed fixed lump sum.

What is critical illness cover (CIC) and do I need it?

Critical illness cover (CIC) is similar to life insurance in the sense that it is designed to pay out a lump sum in order to protect your mortgage. However, that’s where the similarities end. CIC can provide you and your family with comprehensive cover upon diagnosis of a range of specified illnesses such as cancer, heart attack, stroke and MS to name a few. Most providers cover 40+ conditions, with many including cover for your children as standard.

CIC is there to support and provide you with financial peace of mind if you cannot work due to a critical illness, whether that’s to clear your mortgage in full, pay for desperately needed medical treatment or to help manage your finances during a period of illness. You can take CIC out alongside life insurance or as a standalone policy.

What is income protection (IP) and do I need it?

Income protection (IP) is designed to protect your income if you are unable to work due to an accident, injury or illness. Typically, it will pay out up to 70% of your annual income and is paid out tax free.

In the event of a claim, IP will pay out until you’re deemed well enough to return to work by a doctor, or if your condition prevents you from working again, until the end of the policy term.

It is important to check any sick pay benefits that you receive from your employer, to determine when you need the policy to pay out. This is known as a ‘deferment period’ and can start from 4 weeks all the way through to 52 weeks. The longer the deferred period, the cheaper the IP will be.

We make it easy for you

Get started online or speak to our team

Complete our form or give us a call. Everyone’s needs are different so we’ll gather all he info we need to help make your application as smooth as possible.

We search the market to find the right deal for you

We have access to hundreds of deals. Our team will search the market and give you options that best suit your needs and save you money.

We support you through the whole process

Buying a property is rarely straightforward, so our expert team will be there to guide you all the way through the process from offer to completion.

Ready to get your journey started?

Complete the form
Call us on 01225 970 830
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Your home may be repossessed if you do not keep up repayments on your mortgage.

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