Protection and Insurance

Client Login

Mortgage Payment Protection Insurance (MPPI) is a short term income protection that covers your mortgage payments in the event of your being unable to work due to an accident, sickness or unemployment caused by redundancy, so it is also known as ASU.

By taking out ASU insurance alongside your mortgage you can benefit from:

Your mortgage and mortgage related insurance premiums paid for a maximum of 12 - 18 months in any one claim
Choice of cover offered: accident sickness and unemployment, or unemployment only
Quick and efficient claims service

Depending on your needs and circumstances we will be happy to provide you with a quote for MPPI.

Nobody desires to leave their dependants destitute; so upon taking out a mortgage, you ought to consider at the very least a life insurance to cover your mortgage loan.

In essence, life insurance is designed to pay off your mortgage debt, and support your dependants by replacing some or all of your income should you die during the life of the policy.

The two most common types of life insurance available are:

Level Term Assurance
- The level of cover remains the same throughout the policy term.
- It can be used to protect interest only / investment backed mortgages.
- It can be used for family protection

This is the simplest form of Life insurance cover; it pays a cash lump sum to meet immediate expenses and to replace future income, should you (or your partner, if included on the policy) die unexpectedly.

Decreasing Term Assurance
- The level of cover reduces each year in line with the outstanding amount of your repayment mortgage
- You only pay for the level of cover you need
- Premiums works out less in comparison to level term assurance

This is designed to protect the outstanding capital of a repayment mortgage as it reduces over time, by clearing your outstanding mortgage in the event of your death.

Options

As an option, critical illness cover can be included in your life insurance, offering you and your family financial protection. It is designed to provide a cash lump sum on death or earlier, if you suffer a critical illness or permanent and total disability.

Family income benefit

This type of insurance is an alternative to life insurance; if you desire to provide your partner or dependants with an income should you die before collecting your pension, family income benefit is a far cheaper alternative to life insurance. Instead of dropping a lump sum in your family's lap, it pays them a tax-free income for a defined period. Buying family income benefit instead of a lump-sum policy could halve your monthly premiums.

Depending on your needs and circumstances, our consultants will source for the provider offering the solution to match your protection requirements.

For a no obligation quotation, contact us now or fill in our enquiry form.

As with Mortgage Payment Protection Insurance; income protection cover is designed to provide a regular income if you are unable to work and suffer a loss of earnings due to accident or illness. The difference between MPPI and income protection is that income protection offers a long term benefit.

Benefits of Income protection include;

Payments of monthly tax-free income until retirement or till you return to work
Provision of income if you are unable to work through disability, no matter how it is caused
Payout can be level or set to rise with inflation

Income protection comes under many different names such as Permanent Health Insurance (PHI), Income Replacement Insurance, and Long Term Disability Insurance. However, they all do the same basic job, which is to pay you an income if you become unable to work due to sickness or injury

Some providers may also as an option include;

House person’s cover - available if the life assured is not in full time employment or works less than 16 hours a week
Mortgage payment protection / ASU
Increasing Cover – whereby the level of income and the premium increases by say 5% compound a year to help offset the rising costs of living

Depending on your needs and circumstances, our consultants will source for the provider offering the solution to match your protection requirements.

For a no obligation quotation, contact us now or fill in our enquiry form

Almost every person in the UK knows someone who has suffered from a major or fatal illness. It is crucial that you are able to continue with your quality of life should you be unfortunate enough to suffer a critical illness or disability.

Critical illness cover is designed to provide a cash lump sum benefit to help alleviate you and your family of any financial strains in the event that you suffer from a specified critical illness. How the money is spent would be entirely up to you, whether you repay your outstanding mortgage, pay any medical bills or even take the holiday you've always wanted.

Benefits of Critical Illness Cover;

It prevents single people from depending on friends and family, after a critical illness

Its prevents dual income couples from suffering a financial blow, should one partner have to stop work, after a critical illness
Critical illness can be combined with a life insurance policy which will cost you less overall.

Improvement in technology has meant that many people survive the initial diagnosis of critical illness and therefore live for many years, although their lifestyle may have to change considerably.

Depending on your needs and circumstances, our consultants will source for a provider offering the solution to match your protection requirements.

For a no obligation quotation, contact us now or fill in our enquiry form

Building & Contents Insurance

As a homeowner, you cannot plan for eventualities that you may encounter in life. However, you can protect yourself and your home against most of them, thus allowing you to have peace of mind should the worst occur.

Buildings

A building insurance covers the cost of repairing or rebuilding your home should an unforeseen event, such as flood or fire cause damage to your home.

As a buyer it is your responsibility (the freeholder) to have a buildings insurance policy organised by the time you exchange contracts on your property.

If you are buying a flat, buildings insurance may be taken out by the freeholder and premiums will be included in your service charge, it is your responsibility to ensure you are covered.

Your property is the lender's security on the loan; so it is plausible for the lender to want you to have your property insured against damage such as flooding, fire and subsidence.

The cost of the insurance will depend upon the rebuilding cost of your home, not on the amount that you have paid for it. The rebuilding cost (usually less than the purchase price) will be detailed in your survey.

Contents

Contents insurance covers the contents of your home against all the usual risks, such as fire, theft and flood. The insurance policy is usually underwritten alongside buildings insurance; whilst it is not compulsory to have contents insurance, it is highly recommended.

In the event of a claim, you will receive the cost of the replacements for damaged goods from your insurance provider.

Buy-to-let property protection

If you are a landlord, cover is now available for rental protection, in the event of a defaulting tenant, and for legal expenses in addition to the normal building and contents insurance.

Depending on your needs and circumstances, our consultants will source for the provider offering the solution to match your protection requirements.

For a no obligation quotation, contact us now or fill in our enquiry form.