Insurances

Protecting your world

When you take out a mortgage, you understand the importance of keeping up your monthly payments. You now have a home, but how do you ensure it remains yours?

Although we don’t like to think about it or think that it will never happen to us, sometimes unfortunate events can happen in life that can change your financial situation.

But have you thought how you would you protect your mortgage, if you were sick, injured, or developed a serious long-term illness? And if you have dependants, how would they cope financially if you died unexpectedly? It is your responsibility that you keep up your mortgage payments, otherwise your home may be repossessed.

We are specialists in arranging mortgages and helping people buy their new home, but we are also dedicated to ensuring that you can keep your new home if the worst were to happen.

Why should I consider protection insurance? 

Everyone has different needs and circumstances, however some common reasons why you might decide to purchase protection insurance include:

 • To protect your family financially should you die.

• To pay off specific financial commitments in the event of your death, such as a mortgage.

• To provide a lump sum or income if you are seriously ill.

• To provide sick pay cover. Statutory Sick Pay is currently just £99.35 per week.

• To ‘top up’ sick pay cover provided by your employer.

• To continue to be able to pay outgoings in the event of accident or illness.

• To avoid having to use your savings in the event of accident or illness.

Availability and cost of cover is subject to criteria such as age, lifestyle, current health and medical history.

A video on protection by Aviva.

It briefly explains why you might need protection.

We offer a range of protection insurances

Critical Illness cover

Protects you with a payment if you are diagnosed with, or undergo surgery for a range of serious critical illnesses. Some plans also include cover for children as standard, and part pay-outs for less severe conditions.

As an example, Zurich’s new hidden cost of cancer report surveyed 300 UK adults which revealed the hidden costs faced by those living with the disease. Although some people may be able to cover the additional costs a cancer diagnosis presents, protection can play a critical role in helping to provide a financial cushion.

Income Protection

Permanent Health Insurance (PHI) supports you and your family should an illness or injury stop you from working. Frequently paid tax-free, this cover has many flexible arrangements and can help you meet mortgage payments when unable to work.

Watch Alia’s story and find out how Income Protection and rehabilitation support helped.

Family Income Benefit

Providing you or your family a tax-free regular income in the event of death or critical illness.

Life Insurance cover

Existing to provide ultimate cover in case of terminal illness or death for you or your partner, depending on the range of cover selected. These policies pay out a tax-free lump sum.

Accident, Sickness and Unemployment (ASU) cover

Provides a short term income for cases of accidental sickness and unemployment, typically for a period of 12 months.