After your mortgage application has been approved, the next consideration should be making sure your home and family are protected. Typically, the mortgage isn’t the sole monthly expense. What about addressing day-to-day bills and financial commitments? This encompasses utility expenses, groceries, transportation outlays, childcare, and more.
There are a few areas of protection you need to consider, in order to make sure everything is in place to protect you should the worst happen.
Life insurance provides essential financial protection for your family in the event of your passing during the policy’s duration. It enables you to leave a lump sum payout, assisting your loved ones in maintaining their current living standards or covering mortgage expenses. The amount of coverage you opt for is entirely customizable to suit your family’s needs.
A Critical Illness Plan offers a payout if you receive a diagnosis or undergo surgery for an illness that aligns with our policy’s definition during the policy’s term, and you survive for a minimum of 10 days. It’s important to note that this plan exclusively covers the critical illnesses outlined in our policy and no others.
Income protection insurance provides you with a consistent income if you are unable to work due to illness or disability. This financial support continues until you either resume paid work or reach retirement. Another term often used for income protection insurance is “permanent health insurance.”
To arrange a meeting with one of our advisers, call us on 01642 040 168. Or send us your contact details and we’ll get back to you.
