Insurance Options
If you, like most people, have a mortgage, you’ll know that the repayments are one of your biggest monthly expenses. But have you considered the risk of losing your home if you couldn’t repay your mortgage? Fortunately, help is at hand. With the Decreasing Mortgage Cover Plan, you can protect yourself and your family against some of the biggest threats to repaying your mortgage: death, critical illness and long-term sickness or disability.
Protection for you and your family
What is it that keeps your possessions, family, home and lifestyle safe - your income. If you die, the last thing you’d want would be to leave your family facing financial difficulties.
That’s why life insurance is so important. But having a cash sum to pay off the mortgage or provide your family with an income is only half the story. You can also use life insurance for inheritance tax planning and pass on more to your loved ones.
And it also makes sense to think about what would happen if you suffered a critical illness, such as cancer, heart attack or a major organ transplant, or had an accident that stopped you working for a while. We offer advice on plans that help to protect you and your family in a range of circumstances - plans that will keep safe what’s precious to you.
Death
Death isn’t just emotionally devastating: it can be financially crippling too. The last thing your family need in this stressful time is the burden of financial worries. You can include life cover in your plan, which could help pay off your mortgage if you die before its term ends.
Critical illness
We make it easy for you
It makes sense to protect your loved ones from the financial problems following a death in the family. But what would happen if you suffered a critical illness such as a heart attack, stroke or cancer, and couldn’t work? Without your income, those close to you would experience the same financial concerns. That’s why you can also include critical illness cover in your plan.
Contact Us so if you suffer a critical illness or undergo certain operations you’ll know you’re protected financially.
Buildings & Contents
Your home is likely to be your most valuable financial asset but remember that incidents do occur which can potentially destroy or severely damage your property. With this in mind, you need to be certain that you are covered with the relevant insurance. Buildings & Contents (B&C) insurance provides you with peace of mind by protecting both the structure of your home and contents located within it.
Buildings insurance is an important requirement from your mortgage lender but including Contents insurance is also important.
Mortgage Payment Protection Insurance
Your mortgage is probably the largest, most important financial commitment you'll make. With this in mind, you need to be certain that you’ll have enough funds available to help towards making your monthly repayments if you are unable to work due to an accident or sickness (this is known as disability).
If you fall in arrears with your mortgage and you are unable to keep up with your monthly repayments, you could end up losing your home.