Insurance Package

A man holds a protective roof over his family

You’ve worked hard to get to where you are, doesn’t it make sense to protect what’s precious to you and your family? To safeguard your loved ones you may want to consider our insurance package. If life takes a turn for the worse, you’ll be prepared for it.

Know the basics:

Mortgages offered iconWhat is it?

Income Protection insurance would replace your income if you are unable to work due to illness or disability, your income protection insurance policy will pay out a tax free monthly income to help compensate for your loss of earnings. The monthly payments will continue until you are fit enough to return to work or until the end of the policy term if you do not recover.

Income Protection Insurance can be tailored to suit your individual needs.

Homemakers can also get cover, because although they may not actually earn an income, they do make a valuable financial contribution to the household by caring for children and looking after the home.

What is it?

This provides help if you are unable to work as a result of an accident, ill health or become unemployed, through no fault of your own.  This would cover monthly mortgage and loan repayments and other financial outgoings.  ASU Insurance policies usually can only be claimed on for a maximum of one or two years. They can be used to pay general bills.

The different types of ASU:

  • Accident insurance
  • Bill protection
  • Loan protection
  • Mortgage protection
  • Salary protection
  • Sickness insurance
  • Unemployment protection

What is it?

Critical Illness Cover will pay you a tax free lump sum if you are diagnosed with an illness covered by the policy. These usually include certain types of cancer, heart attack, stroke, brain tumour and others.  Everyone should have Critical Illness Cover if they can afford it. It is especially important for people without a partners income to fall back on or families to support them.  If you are on a limited budget, Income Protection should take priority as it covers more conditions and has a greater probability of paying out.

Let us tailor a Critical Illness Cover package to your personal situation. Contact us now for free advice on what would be most appropriate for you.

Types Of Critical Illness Cover

  • Level Term:  A single payout, the size of which remains the same whenever a claim is made.
  • Decreasing Term:  The policy pay out reduces throughout the term of the plan;
  • Family Income Benefit :  Family Income Benefit provides a tax free regular income, rather than a lump sum. 
  • Severity Based: Pays out on a lot more illnesses but the size of the pay out is proportional to the severity of the condition claimed for.

What is it?

This will cover the cost of repairing damage to the structure of your property.  Garages, sheds and fences are also covered, as well as the cost of replacing items such as pipes, cables and drains. Contents insurance covers your own possessions and those of close family members living with you. It may not cover the possessions of anyone staying with you temporarily but we can easily discuss the ins and outs of your tailor made cover.

Damage types covered usually include:

  • Fire, explosion, storms, floods, earthquakes.
  • Theft, attempted theft and vandalism.
  • Frozen and burst pipes.
  • Fallen trees, lampposts, aerials or satellite dishes.
  • Subsidence.
  • Vehicle or aircraft collisions.

You can also add on extras for:

  • Flooding or subsidence if you live in a high risk area.
  • Accidental damage to your home.
  • Alternative accommodation if you have to move out of your home after you’ve made a claim.
  • Damage to boundary walls, fences, gates, driveways and swimming pools.
  • Damage to underground pipes, cables, gas and electricity supplies.
  • Glass in windows, doors, conservatories and skylights.
  • Liability cover if someone else?s property is also damaged.
  • Legal expenses cover.

What is it?
A life insurance policy is a contract with you and an insurance company that provides a lump-sum payment, to your dependants, on your death. In other words; a life insurance pays out a lump sum to your loved ones if anything were to happen to you.

Type of Life Insurance:-

  • Term Life Insurance
  • Level Term Assurance
  • Increasing Term Assurance

Why do I need critical illness cover?

Types of Insurance:

Mortgages offered icon

Income Protection

Accident, Sickness and Unemployment Cover

Critical Illness Cover

Building and Contents Insurance

Life Insurance

CASE STUDIES

Andy Rowden Mortgage and Equity Release Expert

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Dan Rowden Director of The Financial Detectives

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THE KNOWLEDGE HUB

Q. What is a mortgage?
A. A mortgage is a loan taken out to buy property or land. Most run for 25 years but the term can be shorter or longer. The loan is ‘secured’ against the value of the home until it’s paid off. If you can’t keep up your repayments the lender can repossess (take back) your home and sell it so they get their money back.

Q. How much deposit do I need?
A. Usually a minimum of 5% of the purchase price. The bigger the deposit, the better the interest rate, the lower your monthly repayments, the cheaper the mortgage. The difference between a 5% and a 10% deposit is huge: the next big jump is at 20%, then 40%. So if you have any chance of pushing yourself up a band (or perhaps ask your parents to help), do it!

Q. What does ‘LTV’ mean?
A. It stands for ‘loan-to-value’ which is the percentage of the property value you’re loaned as a mortgage. In other words, its the proportion that you’re borrowing.

WHY USE THE FINANCIAL DETECTIVES?

      We have access to the whole of market, including exclusive rates not available on the high street.

      We’re an independent, family run business – we are not ‘tied’ to any lender, insurer, solicitor or surveyor. We can therefore give broad, unbiased advice.

      We have 20 years of mortgage and insurance experience, therefore our advice can be trusted.

      We don’t get paid until the case completes so we have as much incentive as you to get your case completed!

      5 star Google and Facebook reviews proving our commitment to exceptional customer service.  We give our clients a dedicated advisor and processing team, who will ‘hold your hand’ throughout the entire process.

Did you know?

“Over 50% of our clients are referrals from other customers we have helped… we must be doing something right!”

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