INSURANCE

Insurance Options

It is important to consider protection options so that you can continue to pay your mortgage if something unexpected happens to you. There are a range of options which you can choose from to give you financial protection, so here are some of the policies available to you:
Life Assurance

Life Assurance

This is usually one of the most affordable ways to insure your life. It covers you for a fixed term and pays a lump sum if you die during that policy term, making it one of the most basic forms of insurance. It can protect your family should something tragic befall you and is particularly important if you are the main breadwinner.
Family Protection

Family Protection

This sort of life insurance cover is designed to protect your family’s interests should anything happen to you. The aim is to help your family deal with unexpected financial commitments if you die, such as paying for your funeral or paying off the mortgage.
Critical Illness Cover

Critical Illness Cover

If a specific, serious illness is diagnosed, then this plan is designed to pay you out, and it is often included as an additional benefit to a life assurance plan.
Income Protection

Income Protection

This plan will pay you a regular income if you are unable to work because of an accident or illness. This policy will pay you an income as long as you are unable to return to work up until the end of the policy. This can cover you beyond the statutory sick pay which your employer gives you, and plans can be made to suit your needs.
Mortgage Protection

Mortgage Protection

C & R Mortgage Advisors offer this plan to make sure you can pay your mortgage and related expenditure during the event of accident, sickness or unemployment. This policy could be an interesting option for you if you are worried about being able to continue your payments, so it is very important that you get good advice about this before you take insurance out. A typical monthly cost for Mortgage Payment Protection Insurance is £4.71 for every £100 of monthly benefit.

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk.
Please note for these insurance products terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.
Please note for these insurance products terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.

If you are interested in taking out an insurance policy, get in touch with us now.

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