Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance (Short-Term Income Protection) and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at https://www.moneyadviceservice.org.uk.

Protection Assesment

A mortgage is likely to be the greatest financial commitment most people make. Your home (or buy-to-let investment) is still reliant on income being generated to support payment of the loan. The first aim of protection is to help you keep your home (or property). The second aim is to maintain you and your family’s standard of living should one of the events below happen.

We want to help you get the right quality of cover for your needs within your budget. After we have assessed your needs, we will advise and make recommendations for any of the listed events.

  • Short-term illness

  • Redundancy

  • An accident

  • A serious illness – such as cancer, stroke or heart attack

  • Death

  • Any of the above happening to your tenant in your buy-to-let

Asset Protection Considerations

How long will your current provisions last?

Our first step is to reassure you about this, recommending how best to use your current provisions. Should we discover the need to research some other solutions; we will do so while being ever mindful of your objectives and budget. For example, once you are legally committed to purchase, it is important that you have the correct level of cover in place from that point onwards, rather than completion.

Think about your family

There are events we can all face that have the potential to wreck lives and families. It’s a difficult issue to think about, but imagine the impact on you and your family should the main earner in your household die or become seriously ill. It may not happen to you – we hope it doesn’t – but it might.

You will most probably be familiar with how you protect your property, using buildings and home contents insurance. Are you as familiar with protecting your greatest asset – YOU?

Providers pay out!

Insurers paid out a record high, £5.7 billion in protection claims to support people who have protection insurance products such as life insurance, critical illness or income protection, latest figures produced in 2020 from the Association of British Insurers (ABI) and Group Risk Development (GRiD) show.

(source)

The average value of claim paid

£0 Life 39,638 claims paid *
£0 Income Protection 27,275 claims paid *
£0 Critical Illness 17,995 claims paid *

* Figures are for new claims, as well as all income protection claims in payment.

Our Role

Ensure you do not waste money unnecessarily by paying a higher monthly amount than you need to for your borrowings

Save you time and effort by recommending the most appropriate solution

Stop you missing out on the most cost effective way of arranging your loan

Speak with one of our Financial Advisers …
Call us on +44 7932 266 717

or leave your details and our team will be in touch…