Protect Your Family’s Financial Future
Mortgage Protection
For our younger clients who may still have a mortgage, having in place a policy that can repay the mortgage in full in the event of one spouse or partner’s premature death can remove financial worry. The surviving partner may be concerned about whether they can continue to meet the mortgage repayments on their own and by having protection in place it ensures that they can remain in the family home.
Critical Illness Policies
An additional valuable protection policy is a Critical Illness policy. This is where the mortgage liability may potentially be repaid in part or in full in the event of a serious illness or disability, removing financial worry around meeting repayments.
Family Income Benefit Policy
For those with young dependents, a further layer of protection following the death of a partner can be replacing lost income via a Family Income Benefit policy. This can provide a monthly income for a fixed term potentially removing any financial strain if there is now either no income coming in or one income.
Customised Protection Planning
Protection planning is based on individual needs and should be discussed with your financial planner. The cost of a protection policy is generally met by paying a monthly premium which is based on a number of factors such as the level of liability or cover, the expected term of the policy and medical underwriting.
Secure Your Family’s Financial Future Today
To find out more, please contact us and one of our financial advisers will come back to you to arrange a meeting. Our first meeting is free of charge and without obligation.
