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Everyone wants to do their best to protect what’s important and what we most rely on, so we insure our homes, our cars, our phones, our pets, our gadgets and even our kitchen appliances. But the most likely thing to be missing from the list is you!
Do you have dependants – such as school age children, a partner who relies on your income or a family living in a house with a mortgage that you pay? Life Insurance can provide for them if you die. Such a loss can have a massive impact on your remaining family and their quality of life. The last thing you want is for them to be left with a financial burden.
Today’s insurance policies offer support when it’s needed most, but also a host of additional benefits that you wouldn’t expect including: children’s cover; 24/7 healthline for medical advice; mental health support; second medical opinion; global medical cover; nutritional advice.
As an experienced broker, I can advise you on a range of plans offering peace of mind so you and your family’s future is financially secure. By discussing your individual circumstances, including reviewing any existing policies, you will understand how much cover you need and why, and then be sure you have the right insurance policies in place.
If being single means you don’t need life assurance, how will your family clear your mortgage, loans and credit cards if you were to die?
If you have a family ask yourself how much money would your family have to live on? Your income would disappear, but the household bills and mortgage repayments or rent costs would still need to be paid. Such a loss can have a massive impact. Many families would find themselves running short of money very quickly. The last thing you want is for them to be left with a financial burden.
A life assurance policy could provide a tax-free lump-sum to clear the mortgage, loans, credit cards or any other debts you may have. You could even have a monthly income paid to replace your own allowing your loved ones to maintain the sort of lifestyle you’ve achieved.
Today’s policies offer so much more including those highlighted in the additional benefits section so you don’t need to die to find life assurance offers you great protection. A tailor-made plan will provide peace of mind for you and your family.
Don’t forget, if you haven’t recently reviewed any current policies, you may unknowingly have the wrong cover which won’t meet your current needs.
1 in 2 people (born after 1960) will be diagnosed with some form of cancer during their lifetime – Cancer Research UK.
7.6 million people in the UK are living with heart and circulatory disease – British Heart Foundation (Sept 2024)
Someone in the UK suffers a stroke every 5 minutes – Stroke Society (Sept 2024)
The good news is that with medical advances, you’re more likely to survive a critical illness, but also likely to need prolonged periods off work for treatment and recovery. Therefore, surviving an illness will often come at a cost. Mortgage/rent payments, childcare costs, council tax, food and utility bills still need to be paid. Plus there are likely to extra things to pay for like medication or adaptations to your home or vehicle, all at a time when you are likely to experience a long-term drop in income.
You could benefit from a tax-free lump-sum or regular income to repay your commitments and help meet the costs of everyday outgoings whilst you recover without financial pressure.
The number of people economically inactive because of long-term sickness has risen to over 2.5 million people – Office of National Statistics (Sept 2024)
If this was you, how would you manage your bills?
Income Protection is designed to pay you a monthly non-taxable benefit in the event that you cannot work due to an accident, illness, sickness or injury. Currently, the most common claims are for mental health issues such as depression, followed by musculoskeletal problems. The plans available are extremely flexible and can be stand-alone for the self-employed or designed to compliment any benefits you have with an employer, with you choosing your preferred amount of benefit (subject to HMRC rules) and how long you wish to receive the benefit.
Income protection is a MUST HAVE plan whether you’re single or have family commitments, whether you’re employed or self-employed.
Most policies in the past have been very limited as to what benefits they offered. Today’s life assurance, critical illness and income protections policies offer so many more “everyday” benefits. These include:
Children’s cover allowing you to protect your children under your own policy.
24/7 online GP access so you can avoid long waits for a GP appointment.
Annual health checks with a follow-up written report so you can prevent rather than cure.
Mental health services, so important when demand on the NHS and waiting times are so high.
Physiotherapy services.
Second opinions for medical advice.
Global cover allowing you to seek specialist advice or treatment in other countries.
Compare these options with the cover your current policy offers and if you want to improve your protection, a tailor-made policy could be ideal for you, providing peace of mind for you and your family.
Many people have pre-existing or inherited medical conditions that they believe will prevent them from getting life assurance, critical illness cover or income replacement cover. This is very often not the case.
Insurers have a variety of options available which could involve: excluding a pre-existing condition, excluding certain additional benefits, increasing the premium, or making no alteration to the standard policy.
As an experienced adviser, I will be able to collect your medical history, and with direct access to underwriters, will be able to discuss the situation and identify a likely outcome for your application. It might be the recommended policy comes from an insurer you’re familiar with or sometimes you may need a policy from a less well-know specialist company, but there are usually solutions to help you and your family to a more secure future.
If you couldn’t pay your mortgage or rent due to an accident or illness, who would? Maintaining your payments is so important for keeping your home and the stability that brings to you and your family.
If you thought your medical history would prevent you getting protection, there are flexible policies available that would meet your mortgage or rent payments for up to 24 months whilst you get back to full health, ready to return to work.
Your home may be repossessed if you do not maintain the payments on a mortgage or loan secured against it.
Beyond being the largest financial commitment, you are ever likely to make, your home is the place where you want to feel most comfortable and secure.
We don’t want to think of anything happening to our home or possessions, but the truth is the unexpected can occur at the worst possible time. Your space and belongings need to be well-covered. Taking out the right insurance is a way of protecting your home and belongings against whatever life might throw at you. From minor incidents like a broken window, to something much more disruptive like flooding or theft, the right cover makes sure you do not end up in debt. However, when it comes to insurance, one size does not fit all!
There are many solutions available that can help ensure that your property and hard-earned possessions are protected appropriately. A G Mortgages Ltd will talk you through all the options and assist in arranging tailored cover for your needs, so you can be confident that your home and possessions will be safely protected.
If you’re a landlord, you need to know property insurance will be good for you and your tenant. Your income depends on keeping your buy-to-let property occupied as much as possible and incidents that occur need to be resolved quickly.
A G Mortgages Ltd arranges 5* Defaqto landlord’s insurance which includes benefits such as: £1m building cover, £15k or £35k contents cover, loss of rent and alternative accommodation for your tenant, £2m legal liability cover, repairs guaranteed for 1 year, and much more.
With a comparison tool that compares available landlord insurance policies with the 5* Defaqto products you can check how your policy features and benefits compare. You will be able to see what is covered on your policy and also what isn’t. If your policy doesn’t do all that our recommended policy does, maybe it’s time to change so you keep your tenant happy and longer.
Don’t wait to make a claim before you find out if your policy was the right one for you.