Life Assurance - safeguarding your family and your future

So, your mortgage has been sorted out but what would happen if you lost your job, became ill or god forbid you or your partner died?  How are you going to be able to meet your monthly mortgage repayments or pay off the balance outstanding? 

You may want to consider how the following protection products could help safeguard your future;    

Life Assurance

Life assurance policies takes many forms;

Term assurance is designed to pay a lump sum if death occurs during the policy term. Cover like this can be used to pay off a mortgage or other debts in the event of death. Alternatively the lump sum can be used to provide an income for dependents should you die.

Critical illness although this cover is sold by life assurers, there is a big difference when compared with life insurance - you don't have to die to benefit from the Critical Illness insurance policy. This type of cover is designed to pay out a (tax-free) lump sum in the event of you suffering from certain types of serious illness or if you have to undergo certain types of surgery.

Income Protection - also known as Permanent Health Insurance this cover is designed to pay you a regular tax free monthly income if you are incapacitated and unable to work due to illness or injury. The cover is typically written for a longer term possibly up to retirement date and differs to Accident, Sickness and Unemployment cover where the maximum term is usually only 12 months.

At Higginson Mortgage Services we have sophisticated sourcing software that can obtain quotations from all the leading insurers meaning we will always find you the most competive policies on offer. Call or email us today to discuss your requirements.