Protection for the things that matter.
Life insurance, Critical illness insurance, Income Protection & Home insurance.
Protection is as much about helping to safeguard your lifestyle as it is the roof over your head. Have you thought about what you’d have to sacrifice if you had to stop working due to illness or injury, or if you or your partner died or were diagnosed with a critical illness? We can help you through life’s difficult times and can tailor a protection package to suit your individual needs.
Income Protection Take away the income block and everything else collapses. A loss or reduction in income has an enormous knock on effect to the things which you take for granted. You might think that your employer will provide you with benefits or that the state will look after you but this is not the case for everyone. The actual amount payable by the state can be surprisingly small. For the price of a cup of coffee per week we could ensure that your are not exposed to this risk.
Mortgage Protection (Life & Critical Illness) If you have a mortgage, or are arranging one, have you considered what would happen if you died or suffered a life changing critical illness before the mortgage was repaid? Even if you survived a critical illness would you be able to return to work and maintain the same level of earnings? Selling up whilst dealing with a serious health issue is not a realistic option. Making sure that the roof over your family’s head is protected is a basic first step to their long term financial security and needn’t cost the earth.
Family Protection (Life assurance) Once you’ve repaid the mortgage how do you afford to go on living? Family protection provides an additional sum of money to keep all the essentials in order - it buys time and peace of mind.
Home Insurance Whether its a flood, a fire or a storm that damages your property or just an accident within the home that causes damage internally the cost of repair can be an unwelcome or potentially disastrous expense. All of these risks can be easily managed with just a little foresight, the right advice and a small monthly payment.
How much will it cost me? Income protection and life insurance premiums are based on various factors including your age, your medical history, your family medical history, your occupation and lifestyle factors such as smoker or non smoker, height and weight, etc. The amount and term of cover required will also affect the premium price. Usually the younger you are the less you pay. Home insurance costs depend on property type, value, location and a number of other factors. As an example: For £6 per month over 15 years a non smoking male, aged 30 next birthday could have £119,140 of life cover or £23,714 of life or earlier critical illness cover.
A little forward planning…. We all hope to live long and healthy lives but life is full of surprises. A little forward planning can ensure that, should the unthinkable happen, the effects on your family’s financial stability are minimised. Use our simple calculator to see what your priority needs are then we can begin to create a plan that fills in the gaps for you.
Financial commitments Mortgage
£
Rates
£
Electric/Heat
£
Food
£
Transport
£
Child care
£
TV/Broadband/ phone
£
Loans/Credit
£
State Support Statutory Sick Pay, from 1 - 28 Weeks
£88.45
OR Employment & Support Allowance (Assessment phase) from 1 - 13 weeks - age 25 and over
up to £73.10
OR Employment & Support Allowance (main phase - work related activity group from wk 14)
up to £102.15
OR Total
Employment & support allowance (Main phase - support group) from wk 14
£
up to £109.30
Credit Commitments Mortgage balance(s) : £
Loan balances: £
Other debts: £
Existing Employment benefits Death in service benefit
£
Sick pay
£
(For how many weeks?)
When it comes to your family’s financial security you could cross your fingers and hope for the best or you could take a few simple steps now to protect yourself and your family for a very modest monthly cost. Heart disease, cancer, stroke, accidents, illness; sadly these are a fact of life for many people in the UK every year. If they strike your family the effects can be devastating emotionally but you don’t need to suffer twice. With a little preparation your finances can be protected allowing you and your family time and space to recover.
The widest choice of UK Insurance providers NIMortgages.com are not tied to a single insurance provider as many other mortgage brokers are. We search through all of the major UK insurers to find the cover which is right for you at the best possible price. Some people may think they can save money using online price comparison websites but with variations on the number and types of medical conditions covered, things like waiver of premium, guaranteed and reviewable premiums, level or decreasing cover, etc. you could end up paying a lower price but receiving significantly less cover. Don’t risk it. Sound advice is the only foundation for your financial future.
Tel: 028 91 828 100 NIMortgages - 7 High Street, Newtownards, Co Down, BT23 4JN All details correct at time of printing (Dec 2016). Benefits info correct at April 2015. NIMortgages is a trading style of John Grant Limited which is authorised and regulated by the Financial Conduct Authority for the provision of mortgage and general insurance advice - ref 461989. 7 High Street, Newtownards, Co Down, BT23 4JN.