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Protection
Family is important; that is why it is best to get expert advice to help protect what matters!
Protection is invaluable and there are many types of protection and policies to choose from.
Finding the correct policy that provides adequate cover is not as straightforward as it may initially seem.
As Mortgage and Protection advisers we can help you find the one policy that best meets your requirements.
Call Paul Yarwood on 07547 672700 or Email paul@mortgageresolve.co.uk
Critical Illness Cover
Family is important; that is why it is best to get expert advice to help you protect what matters!
What is it?
A critical illness plan is designed to pay out a lump sum upon the diagnosis of certain specified illnesses.
Critical Illness plans are often ‘bolted on’ to a life assurance policy as an additional benefit but can also be its own independent standalone plan.
Who is it for?
This type of plan is designed for those individuals or families who want or would require a lump sum if they are diagnosed with a serious illness. A few examples of where this lump sum could be used is to repay mortgages, loans or perhaps pay for time off work. The lump sum could even be used to pay for alterations to your home.
The quality of cover and the illnesses covered can vary significantly between different critical illness cover providers. As advisors we can assist you to find the best plan that meets your requirements.
Life Assurance
Family is important; that is why it is best to get expert advice to help you protect what matters!
What is it?
A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one-off lump sum if you die during the policy term.
With some term insurance policies, you can add additional options, for instance critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.
Who is it for?
This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time frame whilst keeping the costs to a minimum. Term assurance can help protect your family from the financial implications of a person tragedy and it is particularly important if you have dependents or young children.
It can be utilised to cover a mortgage, other loans or to ensure your family is protected from the effect of having to repay a debt after the main breadwinner has passed away. As advisors, we can help you find the plan that best meets and suits your requirements.
Income Protection
Family is important; that is why it is best to get expert advice to help you protect what matters!
What is it?
An income protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans will continue to pay out an income for as long as you are unable to return to work and will continue up to the end date of the policy, which is usually retirement age.
This type of plan is quite often seen as the primary foundation of any financial planning as it is likely that any personal and long-term plans may be found in jeopardy if you do not have sufficient income coming into the household.
Who is it for?
This type of plan is designed for anyone who is working (employed or self-employed). It is worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have. As advisors we can help you find the plan that best meets your requirements.
This type of plan is designed for anyone who is working, whether employed or self-employed. It is worth pointing out that even if your employer provides sick pay, this is unlikely to last for anywhere longer than 12 Months and as a result, ongoing protection is essential. Plans can be adapted to fit in with any existing protection you may already have.
As advisors, we can help you find the plan that best meets your requirements.
Mortgage Payment Protection
Family is important; that is why it is best to get expert advice to help you protect what matters!
What is it?
Mortgage Payment Protection plans are designed to ensure that you are able to meet your mortgages repayment obligations alongside other related expenditures in the event of an accident, sickness or unemployment. It is often referred to as ‘Accident, Sickness and Unemployment cover’ or ‘ASU’ as an abbreviated form. These plans usually pay benefits for up to two years, however if you are seeking plans that pays for a longer, Income protection insurance would be generally more suitable and applicable.
It is worth noting that there is currently no legal requirement to have such cover and the potential mis-selling of these products has generated much interest from the media and industry regulators in recent year however, this does not mean that they are not right for certain individuals and can provide invaluable protection in the right circumstances.
Who is it for?
This type of plan is designed for those who are concerned about being unable to continue their mortgage payments in the event of losing their income due to an accident, sickness, or unemployment.
It is vital that you take financial advice before taking out this type of plan as they are not always the best or cheapest option.
Legal Notice
As with all insurance policies, conditions and exclusions will apply.
Mortgage Resolve is an appointed representative of Stonebridge Mortgage Solutions Ltd which are authorised and regulated by the Financial Conduct Authority (FCA: 528184). Registered in England No: 6350624. Registered Office: 1 Brook Court, Blakeney Road, Beckenham, Kent, BR3 1HG