It is a sad fact that while most of us are quite happy to insure our car, our home, holidays and even mobile phones, few of us take as much care to insure our own lives, or that of our loved ones. But what would you do if you lost your job, became ill or worse still you or your partner died? Have you thought how you are going to meet your monthly mortgage payments, or pay off the outstanding mortgage balance.
Choosing the right type of 'protection insurance' for you and your family is not always as straight forward as you may think. Most people do not like talking about illness or death, but protecting our loved ones and ourselves from the accidental and unforeseen does need careful planning.
We all need different forms of protection at different points in life. Your mortgage maybe the main priority at one point, loss of earnings maybe another priority at another point in time.
Already have insurance.
It is always a good idea to regularly review your life cover and make sure it adapts to your changing circumstances and needs. The cost of life insurance has been coming down in recent years, as the providers compete to get your business, so while you may have the right level of cover, you could be paying too much for it.
North East Mortgages - Mortgage Brokers & Financial Advisers have considerable experience of finding the most cost effective policies for thier clients.
I can advise you whether or not your policy needs to be 'Written in Trust' and provide you with the correct trust documents to submit to the provider of the insurance.
North East Mortgages - Mortgage Brokers and Protection Advisers,
is a trading style of IFA Consultants Ltd, Winster House,177a Bradford Road, Bingley BD16 1AH which is regulated by the Financial Conduct Authority.