0845 260 4480

russell@fineants.co.uk

Types of Insurance

 Life Insurance - designed to pay a lump sum upon your death

                       There are two main types:  

              Decreasing Term / Mortgage Protection - capital repayment mortgages

                      Designed to repay your outstanding repayment mortgage debt in the event of your death 

during the mortgage term by providing a tax free lump sum. The lump sum payable to you  decreases as your mortgage decreases. The policy should match the terms of your mortgage.

               Level Term - interest only mortgages, family protection

                     The amount of life cover remains level throughout the term. Can be used to pay off an interest only mortgage in the event of death. Cost effective way of providing a lump sum for members of your family upon your death during a specified period. The lump sum payable is tax free.

          Family Income Benefit

                      Provides a series of lump sum payments until the end of the term in the event of your death within your chosen term. Aim is to pay a regular tax-free "income" to your dependents in the event of your death.

Critical Illness - designed to pay a lump sum upon your diagnoses of a critical illness

                      Pays out a tax free lump sum if you are diagnosed as having a critical illness during your chosen period. Can be added as an option to the above policies or can be a policy in its own right. The range of illnesses covered varies from provider to provider, make sure you read the key features documents, the cheapest is not always the best.

Accident & Sickness and / or Unemployment insurance?

What happens if you are off work for more than 30 consecutive days?   - Will your income stop, reduce?            If it does, how will you then pay for your mortgage?    - Remember your mortgage payments wont stop.

Would you like a policy which will pay your mortgage for a period of 12 months. No medical, easy to apply.

Will the State Help?

You decide - Since 1995 new  mortgage borrowers will receive no state help for the first 9 months of disability or unemployment. You then need to qualify for income support - www.direct.gov.uk - Could you support your family on this?

Do I need a Medical? / Is it easy to Apply?

No medical is needed.

Once you have completed the quote request there are only a few  more details required - that's  it.

All of the protection policies named above have benefits and drawbacks. Drawbacks can include exclusions and limits to the amount of cover. We will discuss these with you before we make a recommendation.