We want to help you find the best protection plans for you, making sure you are covered if you fall ill or find yourself without a job. Our insurance and mortgage adviser in Nuneaton can help provide advice on the best protection plans for you and make sure that get the best deal when doing so.
The most basic for of life insurance, and usually the cheapest way to insure your life.
It covers you for a fixed period and pays out a one-off lump sum if you die during the policy term.
With some term insurance policies, you can add additional options. Critical illness cover, for example. if you add on critical illness cover, the plan will pay out on diagnosis of a qualifying critical illness, or if you die during the term of the policy.
Designed for those who want to leave a lump sum in the event of their death within a specified time period, all while keeping the cost to a minimum.
Term assurance can give your family financial protection in the event of a tragedy, and is particularly important if you have young children or dependents.
The payout can be used to cover a mortgage or other loan so that your family is protected from having to repay the debt if the main breadwinner has passed away.
As independent mortgage advisors in Nuneaton and the surrounding areas, we can help you to find the plan that best suits your needs.
A critical illness plan pays out a lump sum on the diagnosis of certain specified illnesses. It is often “bolted on” to a life assurance policy as an additional benefit, but can also be a standalone plan.
Designed for individuals or families who want a lump sum if diagnosed with a serious illness. This lump sum could be used to repay a loan, mortgage, or pay for time off work. It could even be used to pay for any necessary alterations to your home.
Quality of cover varies significantly between providers. Since we are independent mortgage advisors in the Nuneaton and surrounding areas, we can find you a critical illness plan to best meet your requirements.
Income protection pays out regular income if you are unable to work due to accident or illness. These plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy, which is usually your normal retirement age.
This type of plan is often seen as the foundation of any financial planning, since it is likely that other plans will have to be given up if sufficient income is not coming in to the household.
For anyone currently working, either employed or self employed.
It is unlikely to last longer than twelve months, so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have.
As independent financial advisors in Nuneaton, with a deep knowledge of the income protection market, we can help you find the plan best suited to your needs.
Also known as payment protection insurance, other products are available to protect you against loss of income. For impartial information about insurance, please visit the website www.moneyadviceservice.org.uk.
Often referred to as Accident, Sickness and Employment cover, or ASU, this cover ensures you can make your mortgage payments in the event of accident, sickness or unemployment.
These plans usually pay benefits for up to two years. If you are seeking payment for a longer period, then Income Protection Insurance is generally more suitable.
Please note there is no legal requirement to have such cover. It is optional. Potential mis-selling of these products has generated much interest from the media and industry regulator in recent years.
With this said, these plans can still be right for certain people in certain circumstances.
Designed for people worried about being able to continue their mortgage payments in the event of losing income due to accident, sickness or unemployment.
Please note it is extremely important that you take independent financial advice before taking out this type of plan, since they are not always the best or cheapest option.
When buying into protection plans for you and your family you want to make sure that you are covered properly for your needs and to make sure you can still make your mortgage repayments in those uncontrollable situations. Book a consultation with our mortgage adviser in Nuneaton to discuss your requirements and we can suggest the best protection plan or plans for you.
Miss W has been a client of mine for over 9 years, over the last couple of years things have been extremely difficult for her and her family due to the loss of her 21 year old daughter in a car accident. You would have thought it wasn't possible for things to get worse, but in June 2012 Miss W had a stroke aged just 41.
This resulted in a bleed on the brain and a short stay in hospital, thankfully my client is expected to make a full recovery.
Fortunately, Miss W agreed with the protection advice I gave her in 2007 and took out a mortgage protection, life & critical illness policy, after successfully submitting a claim Miss W received £127,688 from Legal and General in August 2012.
" After my recent experience I really can't stress the importance of protecting your home and family, I would never have submitted the claim form because I'd forgotten I had this cover. I will never be able to thank Marc enough for helping me, If anyone is thinking of reviewing their circumstances, I would recommend Marc Catry without hesitation " Miss S W.
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