New Mortgage? Time to review your protection provision.
28 August 2024
A new mortgage could signal a busy time in your life, maybe moving home, building work or retirement. But as the dust settles and life returns to normality it could be time to review your current life and critical illness cover provision.
Your new mortgage could also mean that you are borrowing more to move to a larger home or do some home improvements. The policies you currently have in place may not provide the level of cover you need to meet your new commitments.
Some types of cover you may consider
Life Insurance – Life Insurance will provide your family with a lump sum should you pass away. This lump sum can be used to pay off a mortgage or part of it or help your family financially.
Critical Illness Cover – This type of cover gives you a tax-free payout if you are affected by a serious illness such as cancer, heart attack, stroke or MS. Again, this lump sum can be used however you like. To help pay living costs or clear some of your mortgage.
Income Protection Cover – Income protection covers you if you have to take time off work because of illness or injury. The payout is tax free, and it will help you cover your monthly costs.
Peritus have an in house protection specialist, Jamie Robinson. Jamie has 5 years’ experience helping clients keep their loved ones and property protected against the unexpected.
Jamie will review your circumstances and provide a range of options depending on your life and lifestyle, the level of cover you take is up to you. Jamie, like all Peritus advisers, is independent and can search the market to find the most suitable cover for you at a competitive price. This service is free of charge, and you are under no obligation to take our recommendations.
If you’d like to review your life cover please contact Jamie on 07902 580 979.
Peritus Private Finance Ltd is authorised and regulated by the Financial Conduct Authority.
