Protecting Your Mortgage

There are a range of mortgage protection problems, which are geared to help you meet your mortgage commitments, in the event of long-term illness, unemployment, critical illness or death.  Let us look for a quote for you as we can search the ‘whole of the market’! You should consider mortgage protection products if you:   Have a partner or are married Have dependent children Ageing relatives depend on you If your pension or savings do not protect your dependents if you die If you are single and fall ill, you do not have someone to pay your mortgage If you are in business or self-employed and you need safeguards

The options to protect your mortgage include:

Mortgage term assurance
This plan would give a guaranteed sum of money if you die or are diagnosed with a terminal illness during the period of cover.

Mortgage decreasing term assurance
This plan would give a guaranteed sum of money if you die or are diagnosed with a terminal illness during the period of cover.  The cover decreases during the term of the policy in line with your mortgage.

Mortgage critical illness cover
This is designed to pay out a tax-free lump sum if you are diagnosed with a terminal illness or one of a range of specified critical illnesses.  This can be on a level or decreasing basis.

Mortgage Payment Insurance
The aim of this is to provide you with a monthly benefit, to help pay your mortgage and possibly other household bills if, due to illness, accident or unemployment you are unable to work.

Medical Insurance
This plan aims provide money towards medical treatment that you might need in the future.

Income Protection
Income Protection (Also known as payment protection insurance or accident, sickness and unemployment insurance) is a safeguard against the risks of losing your job and thus your income.

The cover needed will depend on your mortgage amount.  One of our Advisers will guide you through working out the process of how much cover you require and the costs involved.  They will also take care of all the paperwork involved.

Telephone: 01704 567 400

Fax: 01704 562 735

E-Mail: info@potterandminnis.co.uk