Mortgage Protection Insurance advice

You need to consider what would happen to you, your partner and your family if you couldn’t pay your mortgage due to considerable change in circumstances. We have access to a range of protection providers to help ensure, should the worst happen, you can keep the roof over your head and your family’s.

Below are the areas in which our knowledgeable and experienced team at Mortgages Made Simple can help to ensure you and your family are protected. In addition, we can set up a trust once your policy is in place. We do not charge fees for any of our protection advice.

Life insurance is designed to pay a lump sum or regular income in the event of the death of the life assured. There are many different ways to arrange life cover and our advisors can help you find the most suitable cover for your needs. Life insurance can help ensure that in the event of death your mortgage will be repaid and the costs not passed on to your dependents or loved ones.

• Level term insurance provides a set level of cover for the term you choose.
• Decreasing term insurance covers you for the term you choose, but the level of cover decreases in line with the reducing amount owed on repayment mortgage (providing that the plans terms & conditions are met).

Family Income Benefit can provide cover to replace an income should one of the household earners die whilst they have family dependant on them. This type of cover is designed to replace the income rather than repay the mortgage debt.

Critical Illness Cover pays a cash lump sum or a regular income on diagnosis of a specified critical illness and can be the solution to your financial worries at this time. For this relatively small cost, you could help your family cope for a while without income to pay household bills and debts.

Income Protection offers customers the security of knowing that their essential repayments will be made if anything happens. For example, if you are in an accident and are unable to work for a while, a lack of comprehensive income protection cover means you will rely solely on state benefit, which is unlikely to be sufficient to meet your mortgage repayments. This is where income protection can help as it provides a monthly payment until you are able to return back to work.

Buildings and Contents insurance – Our advisors offer a range of competitive insurance products if you are a Homeowner, Landlord or Tenant from a number of leading UK insurers. For your added peace of mind, our advisors can also arrange adequate contents insurance so that your belongings are covered against things like fire, theft and flood. For Buildings and Contents Insurance our advisors usually offer products from a limited panel of providers.