Mortgage Protection
Protecting your mortgage
We all want to know that our mortgage will be paid
off if the unforeseen may happen.
To protect your repayment mortgage in the event of
death the most cost-effective solution is decreasing
term assurance.
This is where the amount payable on death decreases
in line with the amount outstanding on the mortgage.
To protect an interest only mortgage in the event of
death, the most cost effective solution is level term
assurance for the length of the mortgage. This is where
the amount payable on death stays at the same initial
level.
Of course, we also want to know that if we are unable
to work, our mortgage payments will be covered.
There are various OTHER OPTIONS here including
Critical illness cover,
Income protection insurance, or
Mortgage payment protection insurance (a form of
accident, sickness and unemployment insurance).
What about the cost ?
We can provide very competitive quotes but would
recommend that you speak to an adviser about this type
of insurance. It is important that you obtain the best
advice possible on the cover available.
Winston Financial Planning Ltd is an appointed
representative of Virtual Net (Europe) PLC which is
authorised and regulated by the Financial Services
Authority (FSA). Virtual Net (Europe) PLC is entered on
the FSA register (www.fsa.gov.uk/register/)
under reference 209569 The information contained in this
web site is for general information only and should not
be construed as financial, investment or tax advice. The
guidance contained within this website is subject to the
UK Regulatory regime and is therefore primarily
restricted to consumers based in the UK. YOUR HOME MAY
BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR
MORTGAGE.
|
|
