Should the worse happen, it is of great relief to know at such an emotionally testing time your loved one are covered financially. Although this protection is not necessary, it is worth considering if your family would struggle with mortgage repayments if you were unable to work due to illness, or if you passed away.
Accident, sickness and unemployment insurance policies were traditionally sold to accompany mortgages, allowing for a regular income to be paid to the insured should they be unable to work (or lose their job).
This product can now be purchased separately, and unemployment cover is an optional extra available for an additional premium.
When considering this protection for our clients, we’ll also compare their needs with the benefits of accident, sickness, unemployment and income protection closely, as one may be more suitable than the other.
We’ll ensure to use our experience and expertise to advise you on the best policy for you and find you the policy at the best possible cost.
For further details, speak to a member of the First Financial Solutions Team on 01639 262222 or email us now.