Family and Mortgage protection

Protecting your family and loved ones is crucial, especially when you take out a mortgage. We can advice and arrange a number of different solutions tailored to your needs and your budget. We offer life assurance, critical illness cover, income protection and more.

Mortgage Life Insurance

For most home owners, your mortgage is likely to be your largest monthly outgoing. When everything in the household is running smoothly, that is not a problem. Insurance exists for occurrences that we don’t like to think about. A mortgage life policy is to help your dependants cope financially if you die, so meeting financial obligations is not such a burden for them.

Typically, most people are looking for a decreasing term life insurance policy, known as mortgage life insurance. The policy runs for the length of your mortgage. The amount you are covered for decreases over time as you pay down your mortgage, but the monthly premiums are the same.

It is important to know that if you borrow extra money, for an extension for example, or to extend the term of your mortgage to bring down your monthly payments, that your life insurance covers these circumstantial changes.

I am experienced in sourcing products and can recommend policies closely designed to meet your circumstances and those of your family.

Email or call me today to arrange a free consultation meeting.

Critical Illness Insurance

Critical Illness insurance is a long-term policy that pays out a lump sum in the event that you have a critical illness that is covered by the policy. The payment can help with meeting future expenses, be that mortgage / rental payments, or changes to your house to accommodate your new situation. It is your choice how to spend the money. The policy pays out once and then ends.

With advances in modern medicine, many critical illnesses are now curable for example various cancers. As the policy pays out on diagnosis, you are able to give total concentration to your recovery.

Email or call me today to arrange a free consultation meeting.

Income Protection Insurance

If you become too ill to work an income protection policy will provide an income until the policy expires. There are different levels of income protection cover:

  • Own occupation; you can’t do your own occupation
  • Suited occupation; you can’t do your own job or a similar one that suits your qualifications and experience
  • Any occupation; you’re too ill to do any kind of work.

It is important to take advice on income protection. It is one of the more complex insurance areas and there are questions of interpretation as to whether a policy holder meets the definition of the policy. An own job definition can be quite tightly worded so there might be less scope for dispute – that also makes this policy the most expensive of the three.

How much you get paid, for how long and when payments start are all questions that need addressing ahead of time. The premium will be affected by your age and lifestyle.

Speak with us to find out if income protection insurance might be relevant in your particular circumstances.

Email or call me today to arrange a free consultation meeting.

Ashton Taylor Ltd is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. Ashton Taylor Ltd is a company registered in England and Wales with company number 10706907. The registered office address is Forest Lodge, Forest Road, Woking, United Kingdom, GU22 8NA. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.