For most people, taking out insurances comes hand-in-hand with taking out a mortgage. And insurances, as with mortgages, come in different forms.

Life Insurance

A life insurance policy can pay out a lump sum to your beneficiaries in the event of your death. Life insurance can give you peace of mind; reassurance that your family will receive some financial comfort at what will be an extremely traumatic time for them.

Mortgage Protection

It’s recommended that everyone with a mortgage should have mortgage protection in place. This can pay out a lump sum to your partner or beneficiaries allowing your outstanding mortgage balance to be repaid in the event of your early death, providing financial some comfort during an incredibly difficult time.

Critical Illness Insurance

Critical illness insurance – also known as critical illness cover – can pay out a lump sum payment to you if you’re diagnosed with a specified serious or critical illness. It can give you that extra peace of mind.

Income Protection

Income protection insurance can help you in the event of being unable to work due to long term illness. It is a long-term type of insurance that can provide monthly payments to cover a significant percentage of your income – and can last right up to retirement age.

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is £750.
As with all insurance policies, conditions and exclusions will apply.