No one can tell what the future might hold.
The death of a household key contributor could potentially lead to huge financial problems affecting your family’s quality of life.
For this reason, It's important that you put plans in place to protect your family in the event of your death.
A Life Insurance policy will provide a safety net allowing your family to remain in the home, without financial worry, during what will already be an emotionally devastating time.
If Life Cover is right for you, we’ll assist in finding you the right product that suits your needs, whilst offering you great value for money.
We have access to a carefully selected number of insurers and can arrange the policy on your behalf.
Our protection service is free of charge, so let’s protect you, your family and your home.
A Life Insurance policy will pay out if the policyholder dies or gets diagnosed with a terminal illness with less than 12 months to live.
The proceeds of a policy are usually paid as a lump sum to cover the mortgage, living expenses, and/or pay off any debts.
No matter your age or fitness, if your family depend on your income, then you should have a Life Insurance plan in place.
If you're young and healthy the cost of these policies tend to be great value, providing your family financial security at a relatively low cost.
Level Term Life Insurance
A level term policy will pay out the same amount, regardless of when you make a claim.
The premiums are fixed throughout.
They are great for covering an interest-only mortgage, or for paying out a fixed lump sum.
Decreasing Term Life Insurance
A decreasing term policy will pay out a reducing amount, depending on when you make a claim.
The premiums are fixed throughout.
They are great for covering a repayment mortgage as the sum assured will reduce in line with the mortgage and policy term.
Putting your life insurance policy into Trust can make it easier for your loved ones to access your life insurance pay-out quicker by avoiding the probate process, whilst also giving it extra protection from inheritance tax and creditors.
Many insurers now offer an online trust when arranging a plan, making the process quicker and easier for you.
Call us: 01420 467460 Text us: 07458 195056 Email us: Luke@lukefernandezmortgages.co.uk
Open today | 09:00 – 17:00 |
We typically charge a fee of £395 for our service, which is payable upon your mortgage being offered.
The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Luke Fernandez Mortgages is an Appointed representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.
Your home may be repossessed if you do not keep up with your repayments on your mortgage.
Registered Company Number: 13537486
Registered Address: 70 Frimley Grove Gardens, Frimley, Camberley GU16 7JY.
FCA Registered: reference number: 959731
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