When you take on a mortgage, it is typically one of the largest financial commitments of your life. Most people want to ensure that you have adequate protection should the unexpected happen.
Mortgage & Money Management are independent for insurances and can therefore offer the best rates. We look to offer you a tailor made protection portfolio, specific to your requirements and budget.
Below is a brief description of the type of cover available.
Income Protection
If you were out of work due to a long-term illness or accident, would you be in a position to pay your mortgage each month? Income Protection (sometimes called Permanent Health Insurance) ensures a regular tax-free monthly income until you return to work, reach the end of the plan (this can be for your mortgage term or right up to normal retirement age) or if you die. We can review this for you and is often far cheaper than most people realise.
Life Assurance
If you were to die, would you like the knowledge your mortgage will be fully repaid, thereby not leaving your family with a major financial commitment? There are many ways in which this can be arranged depending on your family circumstances and budget and, in normal circumstances, like income protection, is far cheaper than most people think.
Critical Illness
If you were diagnosed with cancer or stroke, needed a major organ transplant or suffered a heart attack, would you like to be in a position to have your mortgage fully paid off or receive a lupm sum of money to assist you whilst you recouperate? This could, in turn, ensure you ado not lose your home due to financial restraints. Again this is another area we would review and insure that you have the correct cover in place for both you and your family.
Redundancy Cover
If you were suddenly made unemployed, how much of an impact would this have on yourself and your family? Redundancy cover will pay you a monthly income until you find another job for up to 24 months.
Buildings & Contents
Not only do you need some form of protection, so does your property. Although we do not offer from the whole market, we do feel we offer a comprehensive plan from 3 of the major providers in this sector of insurance, give excellent cover with no hidden costs. We ensure you have the correct cover in place and that your home and its contents are safeguarded.