Your Protection, Your World
Buying your new home is a very happy and exciting time and one of looking forward to all the happy times yet to come in your new home for you and your family
The last thoughts on your mind at this time would be :
How would your family manage financially if you were no longer around?
How would they manage the mortgage payments and still be able to life the lifestyle you have worked hard to achieve for them if you was to die or suffer a critical illness and be unable to work?
How would you & your family cope if you was absent from work due to long term sickness?
What would happen if you was unable to return to work due to long term illness and you was receiving no sick pay from your employer?
How would you be able to pay your bills without your income?
What would you & your family have to give up in order to pay your bills? How would that make you and your family feel?
How would you & your family pay your mortgage and committed expenditure if you was to have an accident or be unemployed?
Life has a way of throwing curveballs at us when we least expect it. You have worked hard to achieve your new home and provide the life you have for your family and loved ones and naturally would like to have the peace of mind that they are protected if anything was to happen to you
At Heartland Mortgage Services we are passionate about making sure that we help you achieve your dream home but also help you stay in your home regardless of what life throws at you. We provide a full advice and recommendation service on mortgages & protection and will search through different protection providers to make sure that we tailor the correct solution for you and your family.
Our aim at Heartland Mortgage Services is to work with you to ensure that you have a tailored protection package to suit you and your family and to make sure that you have a financial solution to all of the questions above.
Every clients protection solution is unique to them as our recommendation is based on their priorities and what aspect they feel is important for them to protect – we also factor in existing employer sick pay, employer death in service, existing life insurance policies etc.
We can look at your protection solution at ANY TIME you need us to – not just when you are purchasing a house or remortgaging your existing home. We are happy to assess protection for homeowners (whether you arrange your mortgage through us or not) and for clients in rented accommodation as everyone deserves to have their world protected!
Please call us today and get completely FREE protection advice as we do not charge a fee for this service: 07540 626 386
What is protection?
As mentioned above every clients protection solution package is different to them as based on their needs and priorities so it is important to get in touch to get the correct advice and recommendation for you and your family.
Not all the covers below will be accurate for your circumstances but are here to give you an idea of the solutions we are able to offer.
Once we have spoken with you and established your needs and priorities we will be able to assess what type of cover would be the best solution for you whilst making sure that it fits within a monthly budget that you are comfortable and happy with.
Life Insurance
Life Insurance will pay out a tax free lump sum should you pass away during the term of the policy contract. Typically this would be linked to the mortgage term to make sure that if you was to pass away during the mortgage term that your dependants would be able to clear the mortgage.
This is very important to have in place if you have a family or children who are reliant on you financially as for many families this is the difference between staying in the family home or having to sell the home as the mortgage payments become a financial burden.
Life cover also takes away the financial stress and worry from your family in such a traumatic time and means they are able to have some normality and stability by being able to stay in the family home.
Although typically linked to the mortgage the lump sum can be used anyway that your surviving dependants see fit.
Critical Illness Insurance
Critical Illness Insurance will pay out a tax free lump sum if you were to be diagnosed with a critical illness during the term of the policy. This can be used to pay off a lump sum of the mortgage, pay off other debts or used to go on a once in a lifetime family holiday or just to spend quality time together. Some clients also use this lump sum to seek private medical treatment to aid their recovery.
It’s completely up to you what you choose to spend your lump sum on but it will provide you the financial freedom to do the things you want to do with your family.
Critical illness policies differ between protection providers and therefore so do the defined lists of critical illnesses covered. It is important for you to get in touch and receive the advice to be sure that you get the policy that is the right solution for you.
The three most common pay outs for critical illness are Cancer, Heart Attack and Stroke. Sadly, I am sure we all know someone who has been effected by one of these.
Critical illness is rarely thought about, often people think “it wouldn’t happen to me” - but inevitably, for some it does. Don’t leave it to chance and make sure you have a financial solution in place.
Income Protection
The least well known policy out of the three, however arguably the one that affects the most people.
Subject to medical qualification, Income Protection will pay out a monthly income should you be unable to work due to any injury or illness.
Ask yourself - How would you be able to cope without a monthly income?
Income Protection is different to other policies as it doesn’t specify which illnesses or injuries it will pay out for – you only need to be unable to work due to an illness or injury .
The policy is tailored to your circumstances and links into your employers sick pay where applicable so your policy payments would start after your employers sick pay ends.
You can choose to have a monthly pay out to protect just your monthly mortgage payment, or to protect your committed and lifestyle expenditure.
With income protection you are only able to access this policy with an advice and recommendation service as the policy is complex and there are different elements to the policy that you must consider, this is why you need an experts opinion – and this is where we come in.
The policy can pay out until you get better and return to work, you die, or until the policy stops at the end of the policy term.
Want to find out more?
We’ll be here for you every step of the way.