Life Assurance & Protection

Life cover
This helps ensure your dependents have enough money to repay the mortgage in full if you were to die. There are various different types of life cover to meet different circumstances and budgets. Cover can for example be arranged on a 'level' or 'decreasing' basis.

Life Assurance policies often also include 'terminal illness' cover. This means that the policy would pay out earlier if your are diagnosed with a terminal illness.

Critical Illness Cover
If you suffer one of the illnesses covered by the policy, the benefit paid out could provide a lump sum of money to repay the loan, or replace the income you may lose. In the event of a critical illness, you may now additional expenses such as long term care; your partner may also have to give up work to look after you.

The illnesses that are covered include; Multiple sclerosis, cancer, stroke, heart attack, paralysis, sever burns, loss of sight. Many more are covered and we will be happy to advise you about these.

It is important for you to carefully consider this type of cover given that the average age of a claimant is currently 40 yrs old and 1 in 3 people are expected to suffer a critical illness within their lifetime.