21ST CENTURY MORTGAGE AND LIFE PROTECTION
Planning for the unexpected
If you’re looking to protect a mortgage, make sure you leave money behind for loved ones, protect your business or other areas such as private medical insurance and critical illness cover we have got it covered. We’ll design a tailor made solution that fits in with your objectives and comes
Life Insurance
Critical illness insurance
Critical illness insurance
What is it?
A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term.
With some term insurance policies you can add additional options, for instance critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.
Who is it for?
This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time period whilst keeping the cost to a minimum. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away. As qualified specialist advisers we can help you find the one most suitable to meet your requirements.
Critical illness insurance
Critical illness insurance
Critical illness insurance
What is it?
A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.
Who is it for?
This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home.
The quality of cover and the illnesses covered can vary significantly between different providers. As qualified specialist advisers we can help you find the most suitable one that best meets your requirements.
Income Protection
Building Insurance
Building Insurance
What is it?
An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).
This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.
Who is it for?
This type of plan is designed for anyone whom is working (employed or self employed). It’s worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have. As qualified specialist advisers we can help you find the one most suitable for your requirements.
Building Insurance
Building Insurance
Building Insurance
What is it?
Building insurance, often referred to as homeowners or property insurance, provides financial protection for the physical structure of a building, including its fixtures and fittings, against various risks such as fire, flood, theft, or other specified perils. It typically covers the cost of repairs or rebuilding in the event of damage or destruction to the insured property. Building insurance is essential for homeowners and landlords to safeguard their investment and ensure financial security in case of unforeseen damages.
Who is it for?
Building insurance is designed for property owners, whether they are homeowners or landlords. It is suitable for individuals who own residential or commercial buildings and want to protect their investment against potential risks and damages. Homeowners often purchase building insurance to cover their houses, while landlords may obtain it for rental properties. The insurance provides financial protection by covering the costs associated with repairing or rebuilding the physical structure of the building in case of specified perils, such as fire, flood, vandalism, or other covered events.