Life Insurance

Taking out a mortgage to buy a property is likely to be the biggest financial commitment you will ever make, and in most cases, it represents a home for you and your loved ones. To ensure that your mortgage will be taken care of no matter what happens, you should consider insurance that can give you the protection you need.

A life insurance policy will pay out a lump sum upon the death of the policy holder, while critical illness cover will pay out if you become seriously ill, and income protection will replace your income if you are unable to work. If you are living with a partner or dependents who rely on your income to pay the mortgage, adequate insurance will avoid the enforced sale of your house should you pass away or are unable to work through ill-health. If there is any concern that your family would struggle financially without you, then insurance protection is essential.

There are a myriad of options available, depending on your age, lifestyle, and the level of cover you want. We can talk you through all the alternatives and offer independent advice.

Which protection is best for you?

Term life policy

A term life policy is a more flexible insurance option that may better suit your budget and personal circumstances. This policy will only cover you for a set period of time and will only pay out should you die before the age detailed in the policy.

For example, if you have children you may opt for a term life policy that only covers you until they have reached an age where they are financially independent. We can help you decide whether this type of policy is a better fit for your needs, as it may be the most affordable protection option.

Whole of life policy

If you want to feel assured that your insurance policy will pay out no matter what your age, you may be better suited to a whole of life policy. Despite having to pay consistently higher premiums until your death, a whole of life policy will mean a definite pay out at some point, which could be beneficial to your surviving family.

However, it is important to choose your provider with care, as if you live for a long time you may end up paying more in premiums than your family would receive in a payout when you die. As insurance experts, we can explore the market and find a whole of life policy that is suitable and work through the figures with you.

By getting to know you, and what is best for you and your family, we can ensure that you are matched with an insurance provider that is truly right for you, and who we know will take care of you if and when you need them. There is a lot to the small print, so please think before you buy an off-the-shelf policy online.

Because we want to make sure your protection is right, we may recommend looking into critical illness cover and income protection too. We’ll make sure you have a policy that will take care of the ‘what if’ so you can enjoy life without worrying about being protected.

Looking for peace of mind? Let us find it for you