You, Your Mortgage & Your Family – Insurance Protection
Insurance protection is important to ensure that you are covered in the event of an accident. Most people would think that they should take some type of cover and only really consider it important if they are buying their home. The reality is that insurance is something that we should all consider whether this is the case or not.
For instance, if you are renting a property and we involved in an accident how long could you continue to pay the rent (and other bills) for if you were unable to work? Does your employer provide some sick pay?
If you were to die prematurely would your family be left with debts? Would they be able to continue to live in their home? Could your partner earn enough money to support the household bills and cover childcare, even if the mortgage had been paid off?
What about a serious long term illness? Would you be able to get back to work? Would your partner be able to work or have to stay at home to look after you? Or would this result in secondary loss of income too?
Areas to consider are:
- Your new mortgage
- Additional cover to protect your family (this is valid whether you have a mortgage or not)
- Childcare costs
- Protecting your income
- Medical insurance
- Inheritance planning
The cost to take cover tends to increase with age, also the ability to obtain cover can become harder as you get older too. It is very important to fully consider some level of protection as soon as possible, you would be uncomfortably surprised at the age some of our clients have experienced life-changing events.
Taking cover whilst younger also tends to cost considerably less than in later years (putting off taking cover 5 years can increase the cost by 25% or more in some instances!).
Those TV adverts that promise cover to ‘protect the family for the cost of a pizza’ are accurate if you take it whilst young, fit and healthy.
Get in touch with us today if you require protection insurance advice to speak to one of our protection insurance advisors.
You can also email us at firstname.lastname@example.org if you require further information on insurance protection, whether it be for life and critical illness insurance, mortgage life cover or house insurance.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up the repayments on your mortgage.
Mortgages from over 50 lenders
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“Stuart and Sharon have arranged a buy-to-let mortgage, a mortgage for our first home together, a re-mortgage and have now helped us port over our mortgage to a new house. The service they have provided has been consistently amazing, especially as our purchases have never been straight forward. I would recommend them to anyone.” Dominic, Surrey
“Stuart was recommended to me by a friend and I would certainly continue that recommendation. He is very thorough and ensures you know all the options. Stuart makes the process clear and you feel informed the whole way. Thanks Stuart” Danielle C, Hemel Hempstead
“Stuart is an expert in his field, giving great objective advice after careful and deliberate diagnosis of what we were after. I can confirm he is also a very patient man. Highly recommended!” Alex C, Leighton Buzzard
“Remortgage quickly sorted out today via phone/email. All options explained and discussed and I’m very happy with the outcome. Thoroughly recommend.” Craig B, Sunny Scotland
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