Thinking about the consequences should anything happen to the main breadwinner isn't something any of us want to contemplate.

However it is important when arranging your mortgage to take the time to protect you and your family should the unthinkable happen.

We will carry out a shortfall analysis to help you determine the amount of cover relevant to your needs and give you an understanding of the costs.
Put simply protection products are policies that are arranged to provide you and your family with either a lump sum or a regular income should you become seriously ill, lose your job, or in the event of your death.
We have listed some of the most popular types of insurance below:

Life Insurance
Life insurance, also known as term insurance or life assurance will provide a sum of money in the event of death during the term of the policy. This cash lump sum is paid tax free and can be used by your dependents however they choose.
Life insurance can be used to cover a mortgage, other loans or to ensure that your family is protected from the effects of having to repay a debt.

Critical Illness Cover

A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work.

Income Protection

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 continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).

Family Income Benefit

Family Income Benefit is a life insurance policy which is set for a period of time known as the term. If you die within this period the policy will pay out a regular tax free income until the end of the term. For example if you have a 20 year policy and die within 5 years the policy will pay out the remaining 15 years.

For more information on which protection policy best suits your needs call our expert team today.

Home Insurance

Home insurance provides cover for buildings, as well as contents both inside and outside of the home. The cover options are

Buildings Insurance
Required by all lenders to pay for any damage or loss to the structure, fixtures or fittings of the building.

Contents Insurance
This covers your personal items and effects within your home. Cover can be against loss, damage or theft. Your effects can also be insured when taken out of the property.

Optional Extras
Cover can also be arranged for accidental damage, personal possessions, home emergency cover and legal expenses

If you would like to arrange a meeting to run through your protection needs in more detail, please click here.