Insurance
Mortgage Related Insurance
Life / Term Assurance - If you stop and look around you will find that many things in your home can be insured, even your pets. But like many people in the UK, their most valuable possessions may not be covered. YOUR OWN LIFE AND YOUR FAMILY'S FUTURE. Term insurance pays out if you die within a set period of time (the 'term'). If you survive the term, it pays out nothing. You might set the term at, say, the number of years until your children are financially independent, or the number of years remaining on your mortgage. It is not an investment; however, it is a low cost form of life insurance.
Critical Illness Insurance - We generally live longer these days, but unfortunately we still fall ill. Who will pay your mortgage if you're unable to work? You may have to pay for medical care and adapt your house to make your day-to-day life easier. A critical illness plan could help you do this.
Critical illness insurance policies cover an individual for a set period against a number of serious illnesses, diseases and medical conditions. It pays out a single tax-free lump sum on the diagnosis of one of the illnesses specified in the policy details. Diagnosis alone of one of the specified illnesses is sufficient to trigger payment. There is no requirement for loss of earnings or even for special medical treatment. Each critical insurance provider has their own definitions of illness.
Mortgage Payment Protection Insurance (MPPI), Accident, Sickness & Unemployment Insurance (ASU) - Borrowers will not receive any Income Support payments towards their mortgage interest for the first THIRTY NINE WEEKS OF ANY CLAIM.
Many of our clients who have had or are experiencing financial difficulties do not have any form of Accident, Sickness & Unemployment (ASU) or Mortgage Payment Protection Insurance (MPPI). If you became ill and had to have some time off work COULD YOU STILL PAY YOUR MORTGAGE, COUNCIL TAX, UTILITY BILLS, LOAN AND CREDIT AGREEMENTS, SHOPPING BILLS, AND HAVE THE QUALITY OF LIFE YOU AND YOUR FAMILY ARE USED TO?
Park View Mortgages Ltd can help; we have access to a large range of flexible and affordable protection products. Our protection products include:
- Life Cover
- Life & Critical Illness Insurance
- Accident Sickness & Unemployment Cover (ASU)
- Mortgage Payment Protection Insurance (MPPI)
- Critical Illness Insurance
- Buildings & Contents Insurance
- Family Income Benefit (FIB)
All of the protection policies names above have benefits and drawbacks. Drawbacks can include exclusions and limits to the amount of cover. We will discuss these with you before we make a recommendation.
If you want security and protection for you and your family and want some more information complete an online enquiry and find out what benefits are available for you.