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Life & Mortgages protection

Here at Woodend Mortgages, we can provide you with a quote for Life and critical illness cover as part of our advice and arrangement service. Contact us today to receive a personalised quotation.

One of the benefits of dealing with us is that we have access to a panel of the top Insurers in the country and can easily produce an illustration to demonstrate how little this cover could cost. I can also produce comparisons against existing cover that you may have to either save money or provide increased cover for the same cost.

Family Protection

The importance of additional Family Protection in the event of your death or extended sickness. Many people intend to put cover in place but simply do not get around to it and run the risk that their dependents could be badly affected in the most tragic of circumstances.

This need not be the case as basic family life cover is relatively cheap and premiums have actually been reducing over the past few years.

Protection for you and your family cover against death, illness or disability can be excellent value for money, especially when it is arranged with competitive companies. It is equally important to ensure that you arrange the right type of cover and this is where we can help you.

It is not always the cheapest cover that is the best; it depends on the type of cover you require. We are able to provide you with impartial advice to help you decide.

Life Assurance

Life assurance is an insurance policy, which pays out a lump sum on the death of the policyholder during its term. Life assurance is important as it ensures that, should you die, the property will become debt free and you are free to leave your property to your family clear of any mortgage debt.

Life insurance is also important for your family members in order to allow them grieving time, and provide them with a little time to heal. You can rest assured that your life insurance will be there to help your family through the rough time, and allow them a little more freedom of action than they might otherwise have.

Critical illness cover

Critical illness cover is an insurance policy that pays out a fixed amount of money if you are diagnosed as suffering from certain life threatening or debilitating illnesses and survive for a period of days normally set out in your policy document. The insurance company pays out a cash sum.

Mortgage Payment Protection

For most homeowners, their mortgage is the biggest financial commitment they will ever have and repaying it on a monthly basis is often the largest single outgoing. However, what would happen to your mortgage if you were unable to work due to an accident or sickness; or even because you were made redundant? You might think that state assistance would be available, but that is often not the case. Mortgage payment protection insurance is designed to help you meet your mortgage repayments in the event of accident, sickness or unemployment.

It is important to note that there is no surrender or maturity value with these types of polices and cover ceases if you do not keep your premiums up to date.

The promotion should have the following warning and also provide an indication of the cost of income protection to the Consumer, expressed in the format of the Monthly Cost for every £100 of Monthly Benefit – place this at end of text and before AR statement (which is being updated any way)

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk

The monthly cost for every £100 of monthly benefit is £6.74.

This is a typical cost based on a 35 year old male, taking a policy with a 30 day deferred period. The price includes Insurance Premium Tax at the prevailing rate (dated 12/2017).
Woodend Mortgages is a trading style of Rajeev Singal who is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
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