You may want to ensure that loved ones and dependants are secure in their home in the event of your death, that they are not left maintaining monthly repayments on a mortgage or outstanding debts.
A life insurance policy can provide a lump sum to repay a mortgage and any loans in the event of death or illness. Not only will this ensure their home is not lost, it will reduce the burden caused from a lost income.
We would also recommend you include critical illness cover and income protection with your mortgage or loan. If you’re fortunate enough to survive a serious illness or accident, you would receive a lump sum from your critical illness plan to repay any mortgages and/or loans.
Downton & Ali Associates specialise in mortgage protection needs and can ensure you have adequate protection arrangements in place to repay any debts in the event of illness or death.