PROTECTION
PROTECTION
If you own a home, have children, run a business or are self-employed, it’s vital to have some sort of protection insurance in place.
But in our view, everyone should take out a protection insurance policy, if they can afford to.
However old you are (and however indestructible you think you are), life can always throw you a curveball. Protection insurance will give you more than just peace of mind that your assets will be cared for if you lose your primary source of income and can no longer support your loved ones. If things change, and you’re not around to look after those closest to you anymore, this kind of cover really will be a lifeline for your partner and your dependents.
Different types of protection insurance
There are several options available to individuals like you who want to make sure your family is looked after if you become ill or pass away. For example, income protection insurance is designed to pay out a regular monthly benefit in the event that you can no longer work because of illness, an accident, or a long-term disability. Terms and payments will vary depending on the policy, but the idea is to secure an agreement that would provide enough money to cover your expenses (and then some) if you lose your income.
Life assurance agreements differ slightly in that they will pay out a lump sum or annual benefit during a specific cover term. And elsewhere in the market, critical illness cover does what it says on the tin – it protects you and your family from financial ruin if you suffer from a pre-specified illness, need to undergo an operation, or are diagnosed with a terminal illness.
Why do you need our help?
If we have arranged your mortgage on your behalf, or are managing your investments for you, it makes sense to get us to handle your protection insurance, too. You’ll have one point of contact for all your financial products.
But aside from taking the hassle and stress out of sourcing and applying for your cover, our protection insurance brokers can also offer extra value by ensuring you get the most suitable deal, on terms that will work for you and your family as your health changes and you encounter different challenges.
If you ever need to make a claim, we can guide you through the process. When your agreement is up for renewal, we can take a look at what else is on the market to make sure you’re not overpaying for your policy or missing out on a better option.
CONTACT US
Get in touch with our UK mortgage brokers for helpful advice and an unmatchable service. Book your free, no-obligation, 30-minute discovery call with us now.
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07730 535643
Email us
paul@jonesmortgages.co.uk