“My attitude to insurance is simple. If you don’t need it, I won’t offer it.”
There is a confusing array of insurance options available on the market, which is why I see my job as helping to demystify the process. I begin by explaining that the only legal requirement to take account of is that all mortgaged properties must have buildings insurance. * So, it goes to follow that any additional insurance cover you decide to opt for must be relevant to your needs and lifestyle, acting as a reassuring ‘safety net’ to help you through tough times, or unexpected life events. When we meet, we will discuss those needs in detail. I then promise to guide you carefully and confidentially through the available options – with absolutely no pressure.
*(One other critical aspect I always point out is that the younger you are, the cheaper your insurance will be. You will never be this young again, so if you think a particular plan could help you, it makes sense to apply for it sooner rather than later!)
In short, life insurance pays your nominated dependents in the event of your death. This could be helpful if you have a young family, or others who depend on you financially. However, if you haven’t got any financial dependents, you may not need to take out any life insurance.
CRITICAL ILLNESS & SERIOUS ILLNESS INSURANCE
Many people confuse ‘critical illness’ and ‘serious illness’ insurance cover, though in reality there are significant differences between the two. There is a wide variety of policy options to discuss for both. You will need to consider how you may like to receive payment, and under which circumstances. For example, family income benefit allows regular salary-like payments if you were unable to work for a period of time, which may be more suitable than a critical illness lump sum in the event of a terminal diagnosis.
Income protection is a long-term policy, designed to safeguard your finances if you are unable to work, for example due to an accident. Depending on the policy, you may start receiving payments after your company sick pay has ended, for as long as you need. Choosing the right policy will depend on your anticipated needs, should you find yourself in the position of being unable to work for a long period of time.
“Sam is so friendly and reassuring she put all my worries and stresses at ease straight away.
I had no idea about what was on offer with regards to life insurance until I met Sam. She mentioned about how life insurance can help in many ways. Not only did she go over the basics, but she explained about cover incase of serious illness and all the benefits available when getting life insurance. Sam is just a phone call away if I have any questions about my policy, she is always willing to help in anyway she can! 100% recommend the services she has to offer.”
Mr & Mrs C, Chelmsford
If you’d like to arrange a quick telephone call to see how we might be able to work together, I’d love to hear from you.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
My Mortgage Angel is a trading style of Mark Cornelius who is an appointed representative of Quilter Wealth Limited and Quilter Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority.
Buy to let mortgages are not regulated by the Financial Conduct Authority.
My Mortgage Angel is a trading style of Mark Cornelius, Suite 204, 23 Austin Friars, London EC2N 2QP