PROTECTING YOU AND YOUR FAMILY
Mortgages Explained provide a FREE protection consultation. Mortgages Explained are responsible for offering you advice that will enable you to protect your home, lifestyle and your family in the event of sickness, death, serious illness and unemployment.
We will help you to understand the importance of protection and explain your options and how these products protect your family.
Income Protection protects the policyholder and their family, providing a regular long term income in the event that the policyholder is unable to work due to illness or accident.
The benefits of an Income Protection policy are paid to the policyholder as a monthly tax-free benefit in the event that they are unable to work due to illness or accident.
There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income.
UNDERSTANDING PROTECTION PRODUCTS FOR YOU AND YOUR FAMILY
Life insurance protects the policyholder’s family in the event of death. This provides reassuring that the policyholder's death will not result in financial hardship for their family.
The life insurance policy pays a lump sum in the event of the policyholder’s death, in exchange for which the policyholder pays a monthly premium.
Family Income Benefit
Family Income Benefit protects the policyholder’s family by providing a regular income in the event of death. There is no investment element to Family Income Benefit and no surrender value at any time.
Private Medical Insurance
At the time you most need it, the option to skip the NHS waiting queue and receive faster and more personal private treatment
Critical Illness Cover
Critical Illness Cover provides protection by, providing a tax-free lump sum payment on diagnosis of a listed critical illness. This reduces the financial burden at a difficult time.
Accident, Sickness and Unemployment (ASU)
ASU pays a regular monthly amount normally for 1 year or until you are able to re-enter the workplace. Giving you peace of mind knowing that, in the event of redundancy or illness, your income will continue.
Mortgages normally do not have any protection insurance included, it's important to decide what kind of separate cover you need.
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income.