MORTGAGE PROTECTION

Most of us find that insurance makes us sleep better at night. But when you've got a mortgage, it becomes a necessity rather than just something that's nice to have.

Having access to the UK's leading insurance houses we are well placed to ensure that you not only obtain the most suitable types of insurance arrangements but also at competitive premiums.
These are some of the main insurance policies we offer and recommend:

Life Insurance - Life insurance helps you provide financial security for your loved ones if you die and/or become terminally ill during the course of the plan. It's essential if you have any financial dependants, ensuring that they will be looked after financially should the worst happen.
What Type of Life Policy to Choose?

Level Term Life Insurance - Sometimes known as term assurance or simply life insurance. You can take this type of life insurance on your own, or with somebody else as a joint plan. You choose the amount of cover you need and the length of the plan. The level of cover remains the same throughout the plan term, as do the premiums you pay (only if guaranteed rate).

Decreasing Term Life Insurance - sometimes known as mortgage life insurance. You can take this type of life insurance on your own, or with your partner as a joint plan. You choose the amount of cover you need and the length of the plan. The premiums you pay remain the same throughout the plan term, however the cash lump sum payable decreases to reflect your decreasing mortgage loan (only if guaranteed rate).

Other Important Types of Cover

Critical Illness Cover - This pays out a lump sum upon the diagnosis of a number of specified critical illnesses, allowing you to either repay a mortgage, or simply enjoy financial breathing space while you hopefully recover from the illness. This can be combined with life assurance cover if you wish.

Terminal Illness cover - If the person covered is diagnosed as having less than 12 months to live, the life insurance company pays out the amount covered there and then. This is automatically included in most level and decreasing term assurance policies, but should not be confused with critical illness cover.

Waiver of Premium - This is an optional extra that is well worth having. It means that for a small additional premium, in the event of ill health, the policy's premiums will be paid until you are able to return to work.

Accident Sickness & Unemployment Cover - This comprehensive mortgage and payment protection plan ensures that your mortgage payments will be met, should you be unable to attend work due to accident, sickness or unemployment. Importantly, accident sickness & unemployment cover can be used for new mortgages, remortgages and existing mortgages.

Buildings & Contents Insurance - When mortgaging or re-mortgaging your home, your lender will insist on suitable buildings insurance to protect the property in the event of damage arising from fire, smoke, explosion, lightning, storm, flood, theft, vandalism, escape of water or oil, impact collision or subsidence.

Our combined policies also cover the contents of your home against damage by fire, flood, theft and a range of other causes. You can even include cover against accidental damage if you wish.

For Accident, Sickness and Unemployment Cover and Buildings and Contents Insurance we usually offer products from a limited panel of providers.