If anything happened to you or your current income, could you still pay the mortgage?
While we’d love to promise you that challenging times won’t happen, we all know they’re usually a fact of life. Especially in today’s current climate.
We know everything you need to know about personal protection. And what the small print means in reality.
Our job is to understand what you and your family need, to maintain the lifestyle you’ve become accustomed too. Our advice is based on your personal circumstances, never ‘off the shelf’.
We minimise or eradicate any risks to your current financial situation, so you have less to worry about.
So even if you did suffer a loss of income due to an accident, illness or redundancy, you’d still be able to keep up with your mortgage repayments and other essential outgoings.
Protection affords you the time to enjoy precious moments with your loved ones when time together is what you value most.
While we honestly hope this claim is one your family never have to make, putting adequate protection in place is the most sensible thing you can do for your family.
If you were to die, a lump-sum would cover your remaining mortgage and provide your loved ones with an ongoing income.
If you were given a terminal diagnosis, the cover provides you and your family with a tax-free lump sum, giving you the headspace to get your affairs in order.
Not the cheeriest of subjects we know but 1 in 2 people in the UK will be diagnosed with cancer in their lifetime and more people under the age of 65 suffer from heart disease or worse, a heart attack.
Other common illnesses are stroke, multiple sclerosis, Parkinson’s disease and benign brain tumour and if you were diagnosed with one of these you would receive a tax-free lump sum payment.
You don’t need to be in a critical state to receive smaller payments too.
If you were diagnosed with a less advanced condition such as low grade cancer, partial blindness or in need of an organ transplant, financial support gives you & your loved ones valuable breathing space. Time to recover and make plans for what comes next, free from additional worries.
The money people receive can cover essential refurbishments to the home or pay for long-term healthcare services like physiotherapy or counselling. Without having this in place, the options available to enhance the quality of your life, maybe limited.
Your policy can also cover your children too, ensuring you’ll always be able to be there for each other, no matter what life throws at you.
If you suddenly found yourself out of work due to sickness or an injury, the state benefits you’d receive wouldn’t cover your income and essential expenditure to the extent you’d need.
Imagine the relief of being free from money worries, while you get back on your feet?
At a time of upheaval, Income Protection relieves the weight from your shoulders and your family’s too.
Cover can ensure your income continues and you’ll receive a percentage of your income until you are well enough to return to work or until you retire. It’s a little like being furloughed. Depending on the type of cover you decide upon, it can secure your current income level for the rest of your life.
Redundancy can happen at any time and unfortunately, it’s more likely than ever.
Cover can provide you with a monthly sum, that pays the cost of your mortgage and some monthly bills, for anywhere from 12 to 24 months. A genuine support that buys you plenty of time to find your next job or plan your dream career.