Protection Defined
Click on an insurance type below for more information.
Paying for the exact amount of cover required, and specifically designed to decrease at the rate of the reduction on the outstanding mortgage; the Decreasing Term Assurance Plan provides life cover with the expectation that in the event of the death of the life assured, the outstanding balance on a repayment mortgage will be repaid.
Level Term Assurance Plan is an economical, straightforward arrangement allowing peace of mind in the knowledge that a fixed level of life cover is in place for a given term.
Most of us never pause for thought on the consequences of suffering a critical illness or disability; crucially a Critical Illness Protection Plan is designed to provide a lump sum during the term of the plan on diagnosis of any critical condition as defined under the terms of the policy. Critical Illness Cover offers increased security at a time of potential massive financial and emotional crisis.
Have you considered how you would continue to pay off your mortgage and other household bills if you were unable to work due to accident or sickness?
Mortgage Payment Protection Insurance (MPPI) provides you with funds to cover your mortgage payment should be unable to work as a result of an accident or serious illness. It can also be extended to cover periods of unemployment (due to redundancy).
A level of cover can be arranged up to the level to cover your mortgage payment plus an amount towards associated costs (such as your property insurance) and the cover is normally paid out for 12 to 24 months or when you return to work, whichever is sooner.
BUILDING AND CONTENTS PROTECTION
Buildings Insurance is normally a prerequisite condition of the mortgage lender; Buildings Insurance protects the property against major damage such as fire and other risks as stated in the policy. In addition to the brick and mortar, you may also wish to insure your contents which is defined as your personal effects such as furniture and personal items. Buildings and contents insurance combines both these covers in one simple policy.