Your mortgage is almost certainly the single largest financial commitment you have every month, so when we provide advice to help finance your home we think it’s just as important to advise how you can ensure you don’t lose it.
Unfortunately, we can’t predict what’s around the corner, but we can prepare for it. Insuring your mortgage will give you peace of mind that you and your family will be protected against future financial hardship if the unexpected should happen.
There are many different ways to protect your mortgage and finding the right insurance for you may be a bit of a minefield. Brookson Financial are here to help you tailor a policy that suits your needs and circumstances and we will help you to understand your priorities to get you the most appropriate cover to fit your budget.
We have the ability to build a plan containing more than one benefit, so it can be tailored to a client specific needs.
MORTGAGE LIFE INSURANCE
Is typically bought to cover a mortgage, so in the event of your death your loved ones can pay off your outstanding mortgage. You may have also heard it called decreasing term life insurance.
CRITICAL ILLNESS COVER
Also known as critical illness insurance, is a long-term insurance policy which covers serious illnesses listed within a policy. If you get one of these illnesses, a critical illness policy will pay out a tax-free, one-off payment. This can help pay for your mortgage, or alterations to your home, such as wheelchair access, should you need it.
INCOME PROTECTION INSURANCE
Can replace your income when you can't work due to illness or injury. It will pay you a monthly benefit to help you pay your mortgage and bills and will pay you until you are able to return to work, you retire, or until the end of the policy term you selected – Whichever comes first.
To request your free initial 30-minute consultation, please fill in the get in touch form.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.