In addition to providing mortgage advice, we also offer insurance advice for the following:
• Life Insurance – pays out a lump sum in the event the policy holder dies
• Critical Illness Cover – pays out a lump sum if the policy holder is diagnosed with a specified critical illness listed on the policy. Noting that the condition does need to be of a specified severity in order to pay out
• Income Protection – pays out a monthly income if the policy holder is unable to work due to an accident or sickness. This is usually after a set ‘waiting period’ or ‘deferment period’ and is subject to evidencing income at the point of a claim and the amount of the cover is limited to the applicants income at the time of application.
• Mortgage Payment Protection insurance – pays out a sum to cover the monthly mortgage payment (and sometimes other costs) if the policy holder is unable to work due to an accident, sickness or redundancy. The cover is usually limited to a set period of time and the amount of the cover will be down to the amount applied for and isn’t directly linked to the mortgage.
• Buildings and Contents Insurance – protects the policy holders home and contents in the event event of damage or loss.
All the above policies are subject to individual circumstances and each lender has their own terms and conditions with regards to what and how much cover can be applied for. If you would like further information please contact us.
