Protection

Protecting your Mortgage

Mortgages are a long term commitment and we believe that we owe a duty of care to our clients to ensure that they can maintain future mortgage payments no matter what life throws at them. In this we can help you ensure your mortgage will continue to be paid whatever life throws at you.

It is not a pleasant thought, but…

How would one partner cope financially with the death or critical illness of the other?
Could you cope maintaining your current lifestyle?
Could you continue to raise your family?

Ideally we’d each have an emergency savings pot to see us through – many experts suggest having a rainy day fund of six to nine months’ expenditure in an easily-accessible savings account. However,

research by one of the UK’s leading financial institutions has shown that the average working age family has enough savings to last 14 days before they would suffer financial hardship should they lose the income of the main breadwinner. Life Insurance cannot compensate for the loss of a loved one but it can provide that valuable peace of mind at the most difficult of times.

We work with you to establish your protection needs and recommend the most appropriate cover for your needs from the vast amount of protection products available,

As with all insurance policies, conditions and exclusions will apply.

Call us now on 01689 867700 to find out more and make the right choice for you and your family.

Protecting your Income

At Insight Mortgage Solutions we are committed to ensuring that our clients can maintain their standard of living should they lose their income due ill health.

An Income Protection plan will pay you an agreed monthly benefit if you are unable to work due to ill health for the remaining term of the policy, which can be set as your retirement age.

You can shape the policy to suit your individual circumstances by deciding

The monthly benefit amount (this could cover just your mortgage payments or include other monthly outgoings up to a maximum of 70% of your pre-tax pay)
How long you are unable to work before the benefit is paid (you may have benefits provided by your employer that will cover short periods of sickness)
The term of the policy
Whether to include unemployment cover

With so many choices to make it is vital that you get advice from an expert. Many income protection policies will only pay out if you are unable to perform any occupation but the best policies will provide cover if you are unable to follow your own-occupation and we believe this type of policy is best for our clients.

Our fully qualified advisors will be delighted to talk to you and explain all of the choices available and will recommend a policy that is tailored to your specific needs.

Our recommendation will be based on the quality of cover available as well as the price as sometimes customers are persuaded to purchase inferior products based on cost alone. They will guide you through the process and explain any terms that you may not understand.

As with all insurance policies, conditions and exclusions will apply.

Call us now on 01689 867700 to find out more and make the right choice for you and your family.

Protecting your Family

Major events such as loss of a loved one, serious illness, accident , and unemployment can all affect the household income and your ability to pay the bills. Figures published by a leading charity show the average cost of raising a child to the age of 21 is in excess of £230,000

Ideally we’d each have an emergency savings pot to see us through – many experts suggest having a rainy day fund of six to nine months’ expenditure in an easily-accessible savings account. However, that’s just not practical for many of us. And while it may give you breathing space if you fall ill, it won’t cover you or your family for long periods off work.

Recent

research by one of the UK’s leading financial institutions has shown that the average working age family has enough savings to last 14 days before they would suffer financial hardship should they lose the income of the main breadwinner. Life Insurance cannot compensate for the loss of a loved one but it can provide that valuable peace of mind at the most difficult of times.

You should also bear in mind that the state benefit safety net increasingly won’t pay you enough to maintain your current lifestyle.

Cover can be arranged for a fixed term or on a whole of life basis where the benefit will be paid whenever you die. The benefits provided can be paid out as a lump sum or as a monthly income.

Getting the right life insurance policy means working out how much money you need to protect your dependants so our fully qualified advisors will work with you to establish your protection needs and recommend the most appropriate cover for your needs from the vast amount of protection products available,

As with all insurance policies, conditions and exclusions will apply.

Call us now on 01689 867700 to find out more and make the right choice for you and your family.

Protecting your Property

At Insight Mortgage Solutions we understand that your home is probably your biggest single asset, so it’s important you have adequate insurance in place to protect it against unforeseen damage. Buildings insurance covers your home and its fixtures and fittings against loss or damage caused by events such as fire, storm, flood and subsidence. If you have taken out a mortgage to purchase your property your lender will insist that you have cover in place to protect the building.

Contents insurance covers your household goods and personal belongings against loss or damage caused by risks such as fire, theft, storm and flood and can added to your buildings policy.

Even if you are a landlord, you will want to protect your investment and any furnishings. Cover can also be extended to include rent guarantee in the event of tenants defaulting on their payments.

With a confusing array of products available that offer differing levels of cover and premium, it is vital that you get advice from an expert. Our fully qualified advisers will be delighted to talk to you and explain all of the choices available and will recommend a policy that is tailored to your specific needs. They will guide you through the process and explain any terms that you may not understand.

As with all insurance policies, conditions and exclusions will apply.

Call us now on 01689 867700 to find out more and make the right choice for you and your family.

Protecting your Business

At Insight Mortgage Solutions we understand that many small and medium-sized businesses rely on certain key people, be they partners, shareholders or employees and their loss through Critical Illness or death could create serious consequences. Profits can fall, or loans might have to be repaid at short notice. At worst, the future of the business can come under threat.

Business protection is designed to help businesses continue to trade should a key person or business owner die or become seriously ill. Should something happen to one of these key individuals the benefit payment from the business protection plan could help ensure key individuals are replaced, corporate debt could be paid off and the deceased business owners estate can be purchased to ensure the surviving shareholders retain control of the business.

As with all insurance policies, conditions and exclusions will apply.

Typically, there are 3 types of cover

Key Person Cover provides a payment to help protect your profits if you lose an employee.

Shareholder and Partner Protection provides a lump sum so you can keep control of the business if a shareholder or a business partner dies or suffers a serious illness.

Loan Protection provides a payment to repay business loans if a shareholder or a business partner dies or suffers a serious illness.
In addition a

Relevant Life Policy is a tax-efficient way for you to give your best people the best benefits.

Our fully qualified advisors will work with you to establish your protection needs and recommend the most appropriate cover from the range of protection products available.

Call us now on 01689 867700 to find out more and make the right choice for you and your family.