We all need to be protected. What would happen if a sudden illness, disability, job loss or death occurred? We can help provide you with the peace of mind that comes with knowing you are protected if something should happen. Our panel of protection providers includes: Ageas Protect, Legal & General, Aviva, Friends Life & LV.
We offer the following types of protection:
- Mortgage Payment Protection Insurance - also known as Accident, Sickness and Unemployment Insurance, covers your monthly mortgage payments and certain related costs for a specified period of time if you are suddenly unable to work due to an accident, sickness or involuntary unemployment.
Payment protection insurance is optional. There are other providers for Payment Protection Insurance and other products designed to protection you against loss of income. For impartial information about insurance please visit the website www.moneyadviceservice.org.uk
The typical cost is £4.49 per £100 of monthly benefit. This is based on someone aged 35 and with a 30 day waiting period.
- Life Cover - This comes in two forms: Level Term Assurance or Decreasing Term Assurance. Level Term Assurance will give you the same amount of cover throughout the life of the policy and pay out that amount if you make a claim. Decreasing Term Assurance will decrease over the term, usually to match your decreasing mortgage amount, and pay out the current amount when a claim is made.
- Critical Illness Cover - To cover you and your family against the financial impact of a critical illness and loss of income through sickness. This cover pays out a lump sum when you have a particular illness. Illnesses covered vary depending on the provider and type of policy.
North East Mortgage Services & Estate Agencies introduces to Terence Murray t/a North East Financial Services for the purposes of arranging and advising on mortgages and protection. Terence Murray t/a North East Financial Services is an Appointed Representative of First Complete Limited which is authorised and regulated by the Financial Conduct Authority.