protection
Providing clients with peace of mind
There is nothing more important in life than your family and their wellbeing.
“I’ll sort it out one day” “When im free I will sort life cover out”
But if your children, partner or other relatives depend on your income to cover the mortgage or other living expenses, then the answer is ‘you never know what is around the corner’ – Its probably time to arrange life insurance, since it will help provide for your family in the event of your death.
As one would imagine, there are many types of Protection Policies to choose from. Finding the one that provides adequate cover and the right protection is not as easy as you may think.
As Independent Mortgage and Protection Advisers’ we can help you find the one that best meets your requirements.
- Life cover can pay out a cash sum if you die during the term of the policy.
- You have several options, including decreasing cover, which can help pay off a repayment mortgage, or level cover, to help with an interest-only mortgage.
- You can also consider critical illness cover, which means you would be covered if you are diagnosed with a critical illness that is covered by your policy.
- Life insurance can also give you more than just financial protection, some providers offer support lines in your time of need to guide you through the process.
Life Insurance Cover can pay your dependents money as a lump sum should you be unfortunate enough to loose your life.
It’s designed to provide you with the reassurance that your dependents will be looked after if you’re no longer there to provide.
The amount of money paid out depends on the level of cover you buy.
We can advise on the best option for your circumstances.
Levels of Cover
There are numerous levels of cover we can offer, Below are some of the options available to you. Your adviser will be able to help you decide what is most suitable to meet your protection needs.
What this means
The amount of cover you choose and your premium will remain the same through the term of your policy.
Why you might need it
The amount of cover won’t change over time so you and your family know how much will be received in the event of a claim.
What this means
The amount of cover you choose reduces each month, but your premium remains the same.
Why you might need it
This is normally chosen to cover a repayment mortgage.
What this means
The amount of cover you choose increases each year in line with the Retail Prices Index (RPI). Your premium will also increase for this type of cover. This means that your cover amount stays in line with inflation.
Why you might need it
As this type of cover stays in line with inflation, it is designed to combat price rises, maintaining its real value throughout the term
What this means
This cover means you won’t have to pay your premiums if you’re unable to work because of an accident or disability.
Why you might need it
This means that you won’t lose your cover if you can’t pay your premiums if you’re unable to work.
What this means
A trust is a legal arrangement that lets the owner of something ‘gift’ ownership to someone else, this could include cash, property, shares or a life insurance policy.
Why you might need it
This means that you can make sure that the money from your policy goes to the people that you choose.
Authorised and regulated by the Financial Conduct Authority.
The Norfolk Mortgage Company Ltd is entered on the Financial Services Register under reference 764576.
The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
The guidance and/or advice contained within this website is subject to the UK regulatory
regime, and is therefore targeted at consumers based in the UK.
By clicking the above link you are leaving the website of the Norfolk Mortgage Company Ltd and we cannot be held responsible for the content of this external website
By clicking the above link you are leaving the website of the Norfolk Mortgage Company Ltd and we cannot be held responsible for the content of this external website
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