We have access to the whole of market for protection products. We can therefore arrange a bespoke package to suit your needs.
It is not a legal requirement to protect your mortgage in the event of you passing away, or suffering a critical illness. However, we have a duty to ensure that you have considered the impact and responsibility to you and/or your family should these things happen.
In some respects, there is not always an insurance need. However, we would always recommend having a conversation with our experts to establish whether there is a need and how to protect it.
Most providers allow you to specify who you would like life policy proceeds to go to, in the form of a Trust. More information about Trusts can be provided by one of our experts. The proceeds of a critical illness / income protection pay-out will go to the policy holder. Trusts are not regulated by the Financial Conduct Authority.
Absolutely not, policies can be cancelled or amended at any time. But if you were to take out a new policy in the future, your age and any medical disclosures may significantly increase the cost of cover. It is therefore recommended that an affordable package is agreed upon at inception, minimising the chances of this situation becoming a reality. Our experts will review your insurance needs regularly as policy conditions are constantly evolving.