We understand that personal protection is there to care for those most important to you.
There are two options for mortgage protection; level or decreasing. This is chosen depending on the type of mortgage obtained (interest only or repayment).
The purpose of the cover is to pay off the remaining mortgage debt if the policyholder(s) were to pass away, preventing family or loved ones from being left with the burden of the mortgage. The term of the cover is typically aligned to the remaining term of the mortgage.
Mortgage protection is often stipulated by mortgage lenders as a criteria for obtaining the mortgage. The premiums offered by mortgage brokers for life cover can be high and it is adviseable to speak to a protection specialist.
In all circumstances cover will be tailored to your needs and it is essential that you appoint a broker that has the experience and ability to understand your situation and priorities.
Whilst the extent of cover must always remain paramount we understand that cost is an important factor in any decision making process, whilst at the same time providing a personal service to each client, understanding that one size does not fit all.
If you would like to review your existing protection or do not currently have cover in place, please contact us for more information.