LIFE INSURANCE
Life insurance is an insurance product which lets you leave money for your family (or beneficiaries) when you die during the term of the policy. This lump sum amount is to protect those loved ones left behind.
This money could be used to pay of a debt such as a mortgage of your home or support them through lost income over a period of time. Cover is usually on a level of decreasing basis.
Level Term Assurance
This will give you the same of cover throughout the term of the policy and in the event of a successful claim, it pays out a fixed lump sum.
Decreasing Term Assurance
This is also referred to as Mortgage Term Assurance and is normally set-up to match the remaining amount of your decreasing mortgage. It decreased over the term of the policy and will also pay out a lump sum in the event of a successful claim.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Contact Us
INCOME PROTECTION
If you are unable to work, have suffered an accidental injury or been diagnosed with an illness, you may be unable to work and therefore your income will decrease. You may receive statutory sick pay from work however would this cover all your regular outgoings?
Income protection is not just applicable to persons with a mortgage but also those renting and others who have financial commitments to make on a regular basis.
It is a long-term policy which will pay a regular income during the policy term. A plan can be tailored to suit your needs such as the amount paid each month and the duration of the plan. Contact us and we can discuss a plan that suits your needs.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Contact Us
CRITICAL ILLNESS COVER
It is important to make sure that you and your family are protected if you were diagnosed with a serious illness such as cancer, stroke, heart attack etc. A serious illness such as these can have a lasting financial impact on your family and lifestyle.
A critical illness policy pays out a cash lump sum when you are diagnosed with a specified illness and this money could be used to maintain your standard of living, pay off a mortgage or even used for private healthcare. There are also policies that offer options to add Children’s Cover onto a policy.
There are numerous providers and polices therefore it is crucial to understand what is covered and provided with each. At Winton & Co Mortgage Advisers, we can work to find you the most suitable product and within a budget that suits you.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse. Critical Illness plans may not cover all the definitions of a critical illness. The definitions vary between product providers and will be described in the key features and policy document if you go ahead with a plan.
Contact Us
FAMILY INCOME BENEFIT
Compared to life insurance or critical illness covers which pay out a lump sum, Family Income Benefit provides a monthly tax-free income.
This makes it easier to pay for the costs associated with running a household such as mortgage or rent payments, food, heating, electric, child minding etc.
If you would like to discuss this in greater details, please do not hesitate to contact us.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Contact Us
OVER 50’s WHOLE OF LIFE
With Over 50’s Whole of Life, this life cover pays out when you die. It provides a lump sum of money which can be passed on to your family or a nominated person and helps protect your family from unexpected expenses after your death.
The payment could be used for a variety of uses such as funeral costs and can be of great assistance to your family. Whether you are married, single, have children or thinking of retiring, contact Winton & Co Mortgage Advisers to discuss the costs and potential benefits of having this policy in place.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse
Contact Us
PRIVATE MEDICAL INSURANCE
Should you become ill with a medical condition, Private Medical Insurance can provide you with some peace of mind.
It may pay for all or some of the costs involved in private consultations, access to specialists and treatment.
Private Medical Insurance is available for individuals, families and employees.
To discuss this further, feel free to contact us anytime.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Contact Us
REDUNDANCY COVER
In the event of being made redundant at work, there maybe many expenses which could no longer be met due to a lack of income.
This can be a variety of expenses, such as mortgage or rent payments, household bills etc. You may have savings however do not want to spend them whilst you look for a new job.
Redundancy Cover can help, and we can gladly discuss this further with you.
Contact Us