Life Insurance and Income Protection Policies in Essex, Suffolk, London and beyond
Want to make sure you and your family are financially secure if the worst should happen? At Mortgage Steps we appreciate that your mortgage is one of your biggest financial commitments, which is why we help protect your investment, as well as your family and your health.
There are four core types of protection you ought to consider when taking out a mortgage to safeguard your investment:
THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
A CRITICAL ILLNESS POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT.
This policy pays out should you pass away and could pay off your mortgage or provide for your family. Life cover can be structured to either pay off a reducing mortgage debt or if more appropriate, a lump sum.
Level term life insurance:
This will pay out an amount chosen by you if you pass away during the term of the policy.
Decreasing term life insurance:
This type of policy costs less than a level term policy because the pay-out reduces in line with your reducing mortgage debt.
CRITICAL ILLNESS COVER
In addition to Life Cover, you can take out Critical Illness Protection in case you get diagnosed with a life changing condition i.e. Heart attack, stroke, Cancer. This type of policy will pay out a tax-free pre-determined lump sum. Each policy has a list of conditions that it covers, and a list of exclusions.
Discuss Your Needs
Please get in touch by leaving your details below and one of the team will be back to you shortly. We look forward to hearing from you.
Email communications are not secure and for this reason, Mortgage Steps Ltd cannot guarantee the security of the email, its contents or that it remains virus free once sent.