Protection

Protection is another vital service we provide, it is to ensure not only do you purchase your dream property but also that you can remain in it should anything happen to you. There are 3 main areas of protection.

Life Insurance
This provides a pay out if the the insured party were to pass away. This is generally a lump sum payment which we set up to match the mortgage balance and term. We can also arrange this for family protection purposes. Nearly all life policies will include Terminal Illness Benefit which will pay out if diagnosed with less then a certain period (such as 12 months) to live, to allow suitable adaptions to be made.

Critical Illness
This is set up usually alongside life cover and will provide a pay out if the insured is diagnosed with certain conditions. This generally covers conditions such as Cancer, Heart Attack, Stroke and Multiple Sclerosis. Most polices now cover in excess of 50 conditions but these are by far the most prevalent.

Income Protection
This will replace up to around 65-70% of your income if you are unable to work due to illness or incapacity. It doesn’t go higher as along with any state benefits you may be entitled to it would leave very little incentive to return to work.
There are many insures in the UK market each with different terms, conditions and additional benefits. Please contact us where we can help and advise you to provide the peace of mind you and your family require.