Income protection cover

Used to provide income in the event of incapacity or long term illness. It is usually paid monthly.

Mortgage Payment Protection

Used to repay the monthly mortgage commitment in the event of illness or incapacity.

Accident Sickness & Unemployment cover

Used to provide an income in the above event including redundancy cover.

There are other types of cover either for the individual or to protect the family.

All protection policies have benefits and drawbacks.  Drawbacks can include exclusions and limits to the amount of cover.  We will discuss these with you before we make a recommendation.

Life Insurance

When taking a mortgage we are committing to what is potentially the largest single commitment that most of us are likely to undertake. It therefore follows that is essential that there is some form of life protection either to cover the whole loan or the balance outstanding at the time of need.

This could be death critical illness redundancy or accident and sickness and this could dramatically impact on the household budget should the event occur.

Types of protection cover that is available to you:

Level Term Insurance

Used when you need to cover the whole loan or to provide protection for the family in the event of a claim.

Decreasing Term Insurance

Used to cover the outstanding balance of a repayment mortgage in the event of a claim.

Critical Illness Insurance

Used to cover either the family or the outstanding loan in the event of a claim for defined long term illness or incapacity. It is paid as a lump sum.