Buildings Insurance
All lenders require that you fully insure the property for the total cost of rebuilding it. It is also strongly
recommended that you take out Contents Insurance to protect your belongings.
Life insurance
Life insurance is not a compulsory purchase but you may wish to take out a policy to protect yourself or your family in the event of death or diagnosis of a specified critical illness. Your advisor will provide a no obligation quote and there is no charge for advice or arrangement.
Level term life insurance
Provides a fixed lump sum payment should you die within a specified period.
Level term life insurance (with critical illness cover)
Provides a specified lump sum payment should you die or suffer a critical illness within a specified period.
Mortgage protection cover
Providing a decreasing lump sum payment to cover your outstanding mortgage, should you die within the specified period.
Mortgage protection cover with critical illness
Providing a decreasing lump sum payment to cover your outstanding mortgage, should you die or suffer a critical illness within the specified period.
Income protection (ASU)
A short term policy to protect your income if you are unable to work due to accident sickness or unemployment. The benefit is usually for a maximum of £2000 per month and would last up to 2 years. No medical underwriting is necessary
Permenant Health insurance
Unlike ASU, this type of policy would potentially pay out until your normal retirement age. It covers you in the event of long-term ill health forcing you to stop work. The maximum benefit is based on your income and the premiums would be based on your age + circumstances.