We know that your loved ones are extremely important to you and you want to know that they would be looked after if the worst ever happened to you.
It’s important to consider how your mortgage payments would be covered if you or your partner passed away. As your Mortgage Adviser, it’s our job to ask the uncomfortable questions to ensure you’re prepared for all of life’s “what ifs”.
What is Life Insurance?
Life Insurance is a policy that pays out a one-off, tax-free lump sum if you or your partner pass away during the term of the policy. This lump sum could be used to pay off your mortgage and other debts, cover funeral costs and depending on the level of cover, provide some ongoing financial stability.
Who should consider getting Life Insurance?
It’s really important to consider all forms of mortgage protection if you have children or loved ones who depend on you financially. If you think your family would struggle financially without your income, Life Insurance might be the right policy for you; it will help to provide some financial support to your loved ones in the event of your death.
What are the different types of Life Insurance?
There are two types of life insurance policies – term life insurance and whole of life insurance. The most popular and cheaper of the two is term life insurance, which covers you up to the age of 90 years old, when the policy must expire. If you pass away within the policy term, your loved ones get a lump sum. Whole of life insurance lasts your whole life so your family get a guaranteed lump sum. The policy only ends when you pass away, so the monthly premiums are more expensive.
Want to find out more?
A short chat with one of our Protection Advisers can clarify how your mortgage payments could be covered should the unthinkable happen. This conversation is free with no obligation to proceed; we will talk you through your options and empower you with clarity and confidence.
Having the right cover in place offers real peace of mind.
As with all insurance policies, conditions and exclusions will apply.
When was the last time you thought about how you or your family would pay your mortgage repayments if something happened to you,
your income, or your lifestyle changed dramatically?
Products such as Life Insurance, Income Protection and Critical Illness Cover can provide peace of mind that your
mortgage payments are covered should your circumstances drastically change.
As your Mortgage Adviser, it’s our job to ask the uncomfortable questions to ensure you’re prepared for all of life’s “what ifs”.
A policy that pays off your mortgage in a one-off, tax-free lump sum if you or your partner pass away during the term.
A policy that pays off your mortgage with a one-off, tax-free lump sum if you are diagnosed with a critical illness during the term.
A policy that replaces up to 75% of your gross earnings in the form of regular, tax-free payments if illness or injury prevents you from working.
A short chat with one of our Protection Advisers can clarify how your mortgage payments could be covered should the unthinkable happen.
This conversation is free with no obligation to proceed; we will go over your options and empower you with clarity and confidence.
Having the right cover in place offers real peace of mind.
As with all insurance policies, conditions and exclusions will apply.
Arrange your protection review today:
