Protection

protection

/prəˈtɛkʃn/

noun

• The action of protecting, or the state of being protected.

It's rather a vague word, yet the principle behind it is huge. 

You've worked hard to get to where you are now - buying your first house, expanding your property portfolio and so on...

So why would you risk all that time & effort (and money!) just for the sake of a few extra pounds a month. 

Imagine - you are the breadwinner in the household, and one day you find a lump.  What's your first concern?   Obviously you are going to try book a GP appointment (good luck with that!), but close behind that are the "what if's?". 

What if I have to take a long time off work?

What if I die?  Who will pay the mortgage? Who will pay the bills?

And it's not just death that causes problems - a long term illness or injury can be financially devastating. 

Imagine the builder who falls and breaks his back.  Or even "just" his leg.  He's going to be out of work for months. 

Aviva revealed in 2016 that the average payout on an Income Protection policy claim is 3 years & 16 weeks. 

Now imagine being off work for more than 3 years - how WOULD you pay the bills? 

Some people say "Oh, the Government would help me".  REALLY?  Would you honestly risk your family's home by putting your faith in the Goverment? 

"I'd get benefits".  Would you though?  Would you qualify?  And even if you did - how much is the current rate of Incapacity Benefit?

£138 a week.   Could you survive on that? 

"My mortgage lender would help me".    That's one's easy - No, they wouldn't.  They might consider reducing your payments temporarily, but you'd only be deferring the payments, they'd want the money back at some point. 

"Family would help" - I'm sure they'd try, but could your family afford to pay your mortgage, council tax, utilities, food shopping, family costs like school trips, pet insurance, car servicing etc etc?

According to McMillan Cancer Support, the cost of cancer is £540 a month. That's ON TOP of the usual household bills. 

 So - rather than listing al the benefits of the various types of policy available to protect you and your family from the unthinkable - get in touch for a free, no-obligation protection review. 

Alexander Financial Solutions Ltd is authorised and regulated by the Financial Conduct Authority. Firm registration number 825960.

Registered Office: 7 Park Close, Bradford, BD11 1AX. Registered in England No. 11365305.

There may be a fee for mortgage advice. Our fees and charges vary depending on the Services we provide to you.

We typically charge a fee of £795, or up to 3% of the loan amount, depending on your circumstances.

For Lifetime mortgages we typically charge a fee of £995 which is payable upon completion.

Ask for a personalised illustration. Click HERE to view the Terms of Business.

The FCA does not regulate some investment mortgage contracts.

Your property may be repossessed if you do not keep up repayments on your mortgage.