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We have access from a range of insurers

You need to consider what would happen to you, your partner and your family if you couldn't pay your mortgage due to considerable change in circumstances.

Critical Illness Cover

Life insurance gives you peace of mind that your loved ones will be provided for should you die. There are many different ways to arrange life cover and our advisors can help you find the most suitable for you.

 

Life insurance ensures that in the event of death your mortgage will be repaid and the costs not passed on to your dependents or loved ones.

 

Level term insurance provides a set level of cover for the term you choose. Decreasing term insurance covers you for the term you choose, but the level of cover decreases through the term of this policy.

Life Insurance

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Critical illness cover pays a cash lump sum on diagnosis of a specified critical illness and can be the solution to your financial worries at this time. For this relatively small cost, you could help your family cope for a while without income to pay household bills and debts.

 

This type of cover will pay out a lump sum which could pay for other things like:

 

Private treatment

Prescribed drugs not available through the NHS

Changes to your home

Paying off all/part of your mortgage

This offers customers the security of knowing that their essential repayments will be made if anything happens. For example, if you are in an accident and are unable to work for a while, a lack of comprehensive income protection cover means you will rely solely on state benefit - around £94.00 per week - which is unlikely to be sufficient to meet your mortgage repayments.

 

This is where income protection can help as it provides a tax free monthly payment until you are able to return back to work.

Income Protection

Accident, Sickness & Unemployment Cover

Accident, sickness and unemployment cover can give you peace of mind knowing that in the event of involuntary redundancy or illness your mortgage payments will be made and your home will be safe.

 

Most standard mortgages do not have any protection insurance included, so it's important to decide what kind of separate cover you need. Accident, sickness and unemployment cover insures you against changes in your circumstances due to redundancy, disability, or illness.

 

Usually payments are made for up to a maximum of 12 months. If you would like to be covered for longer than this you may want

to consider taking out income protection.

 

For Accident Sickness and Unemployment Insurance our advisors usually offer products from a limited panel of providers.

Our advisors offer a range of competitive insurance products if you are a Homeowner, Landlord or Tenant from a number of

leading UK insurers.  

 

For your added peace of mind, our advisors can also arrange adequate contents insurance so that your belongings are covered against things like fire, theft and flood.

 

For Buildings and Contents Insurance our advisors usually offer products from a limited panel of providers.

Buildings & Contents

A local group of financial advisors based in the North East

Would you like to provide yourself and your employees with life assurance? Is your business too small to justify a group life assurance policy?

 

Even if it is, it doesn’t mean that you and your employees may not have the need for life cover. Policies can be taken out and paid for by your business and put in trust for you or your employees’ dependants or desired beneficiaries. The results being:

 

a lump sum paid to the selected beneficiaries in the same way a personal policy would work

 

but with,

 

no National Insurance liability,

no benefit-in-kind liability,

the likelihood of these payments being classed as allowable deductions for your business, which may help to reduce any potential Corporation Tax liability and,

the payments not counting towards an individual’s lifetime or annual allowances.

 

Please remember tax law may change in the future and will depend on your individual circumstances. If you would like more information or would like to take advantage of this opportunity please contact us on: 01670 840 840.

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