Life Insurance & Critical Illness Cover
Make sure you have the right cover
We understand that your main priority is getting the mortgage agreed and moving into your new house, but the importance of arranging the right type of insurance cannot be understated.
No-one knows what's around the corner - sadly the 2020 COVID-19 pandemic proved that to be all too true. As morbid as it sounds, most people know someone who has experienced a death in the family or a serious illness, and possibly seen the financial impact that this has had on the family.
Life assurance is there to pay out a lump sum (or a regular monthly amount) in the event of the policyholder dying. There are different types of policy, and it's important to obtain professional advice to make sure you're covered by the right type.
Critical Illness cover is there to provide the peace of mind that if you are diagnosed with one of many critical illnesses, you will receive a lump sum.
This can be used to repay your mortgage, or perhaps reduce your mortgage balance whilst helping to fund the cost of private medical treatment.
Long term "sick pay"
When you're ill or injured and can't work, Income Protection is there to support you.
Put simply, it pays you a proportion of your lost earnings so you can concentrate on looking after your health.
Many people have said they don't think it's worth having Income Protection as they'll have gone back to work before the policy begins to pay out - but would it surprise you to know that the average payout on an Income Protection policy is 3 years and 16 weeks*!
(*Source: Aviva Individual Protection Report - Spring 2017)
Buildings & Contents
You've worked hard to buy it, now don't risk it!
If you have a mortgage, you MUST have Buildings insurance - your lender will insist on it.
You don't want to waste your money on a cheapo policy from a company you've never heard of. It's cheap for a reason - when you need to claim you'll find out why!
Let us arrange your home insurance as part of our service, we only use insurers who offer a DEFAQTO 5 Star policy, ensuring you have the right cover for you and your lender.