The Mortgage Centre
Independent ● Impartial ● Whole of Market
T: 01259 762 302 M: 07917 820 587
DAVID MILLOY
INDEPENDENT MORTGAGE ADVISER
Registered in Scotland No. 191717. Authorised and regulated by the Financial Conduct Authority. Your home or property may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate but-to-let mortgages.
Protection for you and your family
Shown below are the main types of protection available. Having a combination of these types of cover in place, to suit your budget, will ensure you and your family are prepared to handle any challenges that come your way.
Life Cover
Term insurance is the cheapest - and simplest - form of life cover. You insure yourself for a set term - until a loan is paid off, for example. It doesn't contain any investment element - it simply promises to pay out if you die within the term. If you don't die within that time, you receive nothing.
Mortgage Protection is a kind of life Term Assurance specifically designed to repay, on death, during the term, the amount outstanding on a 'capital and interest' repayment mortgage. In other words, if the policyholder(s) die prematurely, the outstanding loan amount on the mortgage will be repaid in full.
Critical Illness Cover
Critical illness cover provides the safety net that could help you get back on your feet after a serious illness.
Critical illness cover will help you, your partner, or your family keep the lifestyle you’re used to if you become critically ill. It can also help you get back on your feet. Critical illness cover pays out a lump sum or a regular monthly income if you're diagnosed with a critical illnesses from a list specified by the provider.
Income Protection
Think about your home and family. What would happen to them financially if you were unable to work due to illness or injury?
Income cover for sickness could give you the safety net you need until you're able to get back to work.
Income cover for sickness will give you a monthly income if you can’t work and you meet the provider’s definition of 'incapacitated', i.e. you're ill or injured and can't do your job or a series of work-related tasks already agreed. You can even get cover if you work part time, or don’t go out to work but look after the home all day instead.
Accident, Sickness & Unemployment (ASU) Cover
ASU is a short term income protection policy. It will provide you with a monthly income for up to 12 to 24 months if you are unable to work due to an accident, sickness or if you are made redundant from your work.
Stand Alone Unemployment Cover
This provides protection against involuntary redundancy from your work, usually for a maximum period of 12 months. This policy can be very useful if you already have suitable sick pay arrangements with your employer and do not have a need for accident & sickness cover.
Contact us today for a free protection review and find out whether you have suitable arrangements in place to protect you and your family.
- Free Protection Reviews
- Whole of Market Protection choice
- Office or home appointments available
- Excellent service guaranteed
- Hassle free - we assist with the paperwork
For a free, no obligation discussion get in touch today
Tel: 01259 762 302
or
It is important to remember:
- Your home or property may be repossessed if you do not keep up repayments on your mortgage.
- The Financial Conduct Authority does not regulate buy-to-let mortgages
- There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but our typical fee is £195
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