Life Assurance
Life Assurance is the cheapest way to protect your family if the worst happens.
Fixed term life cover policies pay out a lump sum to help provide for your loved ones should you die within the term of the policy.
Critical Illness
If Advisable you can also apply for Life cover with Critical Illness, to help protect yourself personally or / and your family if you are diagnosed with a specified critical illness.
Income Protection
Income protection is a permanent cover that replaces your income in the event of long term illness or disablement, and is usually advisable to retiral date or when your commitments cease.
The policy is designed to pay out an income after a set period. At The Mortgage Specialist we can get you permanent cover which will pay out from day one, although in many cases the requirement is delayed by cover from your work.
If required this type of policy will pay out until such time as you are able to return to work or the end of the term of the policy, whichever comes first.
Why do I need protection?
If the unthinkable happened and you were not around, taken seriously ill or you were unable to work for any reason, the protection policies mentioned above can combine to cover you for all eventualities, and therefore ensure that you never Lose your family home.
Impaired Life?
At The Mortgage Specialist we also use Specialist Life Insurance providers that will cover those that other Insurance Companies will not touch.
Business Protection?
All the covers mentioned above can, and are used in the protection of businesses also.
With all of the above you should speak to an Independent Financial Adviser to discuss.
