Protection

Assetz Finance sources insurance products from the whole of the market, to find the most suitable and affordable policy.

It is as important as ever to ensure that you have enough insurance to protect your family in the event of illness, redundancy and death.

We make sure you get the best cover with value for money premiums on:

Life insurance

Life insurance, or life cover as it is also known, is available in two different forms from Life Assurance companies.

1. Term assurance policies pay a tax-free lump sum should you die at any time during a fixed policy term.
   
2. The second type, which also pays out a tax-free lump sum, provides cover for the rest of your life, and is known as Whole of Life insurance.
   

If you choose a term assurance policy, your estate will receive a lump sum if you die during the period covered by the policy. If you choose a Whole of Life insurance policy, your beneficiaries will receive a lump sum irrespective of when you die. Both are usually tax free and the pay out can be used for anything. The policies will be included in the deceased estate for inheritance tax purposes however and therefore advice should be taken on writing the policies in trust.

Request a call back about life insurance for further information.

Mortgage protection

Mortgage Protection is a type of life insurance that makes sure your mortgage can be fully repaid in the event of your death. Mortgage Protection is recommended, and sometimes insisted upon, by building societies and mortgage companies. 

Mortgage Protection insurance should ideally be taken out at the same time as your mortgage and the 'term' calculated to finish on the date you are due to have fully paid off your mortgage.
 
You can take out Mortgage Protection on a single life or joint life first death. The main benefit of Mortgage Protection is that it enables your dependants to allocate funds elsewhere, to meet other expenses rather than having to concentrate on the mortgage, to give them a greater degree of financial freedom and flexibility.

Request a call back about mortgage protection insurance for further information.

Critical illness cover

1 in 3 people in Britain will be diagnosed with cancer at some point in their life (Source: Imperial Cancer Research Fund 1999).

A critical illness policy normally pays out a tax-free lump sum on the diagnosis of certain specified critical illnesses. Most policies will pay out following the diagnosis of heart disease, stroke, renal failure, cancer, paralysis, major organ transplant and coronary artery bypass surgery as well as a range of other conditions.

Over recent years, the number of diseases covered by a typical policy has increased to more than 25. One normally has to survive 14 days after the diagnosis of a serious illness to ensure payment.
With rapid medical advances, the chances of surviving a major illness are greater than ever, however the financial consequences of suffering a major life changing illness can be very substantial.
The one-off payment from this type of policy is designed to help you cope with these costs which will typically include the need to adapt your home or car and/or undertake training for a different occupation.

Critical illness cover may be taken out on its own or included in your mortgage protection policy to remove your mortgage payments from your affairs should you suffer such an illness.

Request a call back about critical illness insurance for more details.

Accident, sickness and unemployment cover

You can take cover so that if you have an accident or become ill and cannot work or if you become unemployed, your mortgage payments will be met by the insurance policy whilst you cannot afford to pay them. The insurance pay out may also include a little extra for mortgage related bills such as endowment payments, insurance premiums and so on.

The terms and conditions under which you can claim differ with every policy, so it is important to choose a policy that covers you for the events that you feel are most appropriate for your particular situation. The policy will pay your mortgage payments for you each month during a set period of time. It is important that you choose the right period of time for you. For example you may choose a period of one year as you feel that you would be able to get back into work or would be able to make other arrangements for meeting the mortgage payments within a year. Or you may decide that you need a longer period of assistance.

The longer the period you choose, the more expensive the premiums. There are other factors to consider when choosing a policy, such as the 'Initial Exclusion' period and the 'Excess Period' which you should discuss with your adviser.

Request a call back about accident, sickness and unemployment cover.

Family income protection

Rather than providing a lump sum should you die, family income benefit provides a regular, tax-free, monthly income for your dependants. These payments will only last for a certain period. This period is the total plan term minus the number of years that have passed since the cover was taken and the claim is made. For example, you may choose to take a policy which will provide cover for the next 20 years. If your family needs to make a claim after 15 years, the beneftis will be paid to them for 5 years only (ie until the end of the policy).

Family income benefit is particularly attractive to those who would like to know that their family will have a regular monthly income and will not have to worry about complex investment decisions that would be required if an insurance policy with a lump sum payout was taken instead.

Request a call back about family income protection.

Call Back Request

Can’t find what you are looking for? Want to ask a very specific question? Want to chat through your options with an experienced mortgage adviser? Then let us know what time and day is best and we will call you.

UK Finance

Our fully qualified UK mortgage advisers provide inside knowledge on getting the best from any deal whether for the purchase or re-mortgage of a commercial or buy-to-let investment property or your main home. Speak to our advisers to find out if you are on the best deal available.

International Mortgages

Assetz Finance offers its expertise in finance for properties located in a range of countries, not just the UK. Our specialist overseas mortgage advisers are experienced in both the banking sector and conveyancing procedures used in these countries.

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Assetz Finance Money Savers

We have found a number of areas, outside of mortgages and insurance, where we can help our clients save even more money. Check out our Money Saving section for a range of products and services that will save you money in both the short and long term.