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Protection – Life Cover, Critical Illness Cover, Income Protection

Buying a home and getting a mortgage is one of, if not the biggest financial commitment most of us will ever make. So, while we may not like to think about it, it’s important to consider how to protect our families, home, and the lifestyle we’ve worked so hard for.

Thousands of people across the UK aren’t insured enough to do this should they pass away or become ill.

In 2018, Compare the Market found just 30% of UK adults had life insurance cover (8.1m), versus 11.1m mortgaged properties in the UK. 

What is ‘Protection’?

‘Protection’ simply refers to insurance products designed to protect your home, income and lifestyle against death or the diagnosis of a serious or critical illness.

Why is Protection important?

In the event of a death or diagnosis, or you or a member of your family becomes unwell, it’s important that your home, assets and lifestyle are protected. Insurance products like Critical Illness Cover, Life Cover and Income Protection are designed to pay out on these events, so you can pay off your mortgage continue to pay your other bills without worrying about your finances.
  • The average age of a claimant for Income Protection was 40 years old 
  • The average age of a claimant for Critical Illness Cover was 50 years old

What’s the value of getting advice on Protection?

Our advisers and partners will look at your unique situation and advise on the best plans for you. As Mortgage Advisers, we know your mortgage inside out, and will tailor a Protection plan to suit this, as well as your lifestyle and future goals. A good protection policy is created with your Mortgage and other finances considered, so not only are your monthly payments manageable, the pay out in the event something happens will suit your requirements.
We use a panel of trusted insurance providers, allowing us greater flexibility in finding the ideal plan for each client. Your Adviser will talk to you about the suggested provider and plan, and why this is the route we’re suggesting.
Even if you already have your mortgage, we can advise on your protection needs. 
Our Protection advice is provided free of charge with absolutely no obligation – although we highly recommend it.

life Cover

Protection designed to pay out a lump sum when some dies. 

At such an unfortunate time, life assurance payouts can provide your loved ones with financial security and peace of mind, allowing them to pay off any remaining mortgage, tend to funeral arrangements, provide for the family and maintain their existing lifestyle.

Critical illness Cover

Protection designed to financially support you and your family if you become critically ill, or are diagnosed with a permanent disability covered by your plan. Pay-outs can be a lump sum or monthly instalments, giving you the time and support to work on getting better. 

Income Protection

Protection designed to pay out if you are unable to work due to an illness or injury covered by your plan. 

Paid out monthly to keep life moving.

Home + Contents Cover

Home Cover – designed to pay out if your home is damaged, for example by fire or flood. 

Contents Cover – designed to pay out if your contents are damaged or stolen.

Below is a video from the 7 Families campaign – “designed to highlight how financially vulnerable people can be, when injury or illness strikes unexpectantly.” 

All video rights belong to 7 families the original video creators.