We provide insurance advice on the following products from a collection of providers. This includes income protection, mortgage protection, term assurance and home insurance.
Mortgage Payment Protection Insurance (MPPI)
You do need to have a mortgage on your own home to take out one of these mortgage protection insurance plans. However, you can increase cover to include other monthly costs. These plans are also known as mortgage payment protection insurance plans, income mortgage protection or mortgage repayment protection plans to name a few.
Income Protection Insurance / Accident Sickness Unemployment (ASU)
Income protection insurance is used to insure against the lost of income (The Financial Services Authority does not regulate Finance). The monthly benefit is based on your income not your mortgage or loan payments. Loan protection insurance or loan payment insurance can be used to protect the payments on a loan, car finance or HP agreement. This could also be called Payment Protection Insurance (PPI).
Term Assurance
A term Assurance policy is an insurance policy designed to repay an outstanding debt in the event of death or critical within a specific term.
The main types of term assurance are:
Level Term - Premiums and life cover remain level throughout the policy. Can be in single or joint names.
Mortgage Protection - This is a form of decreasing term assurance. The premium remains constant but the life cover gradually reduces each year. Normally taken to run along side a capital and interest (repayment) mortgage. Can be in single or joint names.
Family Income Benefit - These are used to pay a monthly or yearly income in the event of death. Commonly used to provide a widow/er with income to ensure dependent children can be adequately provided for. Can be in single or joint names.
Renewable Term - This plan could allow you to continue cover for a period of time after the initial expiry date. Upon renewal, premiums are calculated on the life assured's current age irrespective of health. Can be in single or joint names.
Convertible Term - This policy allows you to convert to another type of plan with the same insurance company. i.e. whole of life or endowment. Can be in single or joint names.
Short term life cover - For those people who need life cover for only a few months. Perhaps you are in between jobs and have lost death in service cover or have borrowed a large sum of money for only a short period.
Home insurance - Buildings and contents insurance
If you own a property and have a mortgage then you may need to have buildings insurance. This may also be a condition of your mortgage company.
Insurance for rented Accommodation and Landlord Policies
Specialist insurance for people living in rented/shared property or renting out to tenants.
