Mortgages, remortgages, loans, buildings & contents and life insurance specialists
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Mortgages, remortgages, loans, buildings & contents and life insurance specialists |
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Life Insurance Mortgage Lenders normally insist that their borrowers take out life cover, so that the loan can be repaid in the event of their death. Life assurance is automatically built into an interest only mortgage that is backed by an endowment policy. If you have a repayment mortgage or an interest-only mortgage backed by an Individual savings Account (ISA or a pension, you might need separate life assurance. Homeowners are often advised to take out decreasing term assurance alongside a repayment mortgage, which pays out the outstanding sum of your loan if you or your spouse dies within a stated period For a slightly higher monthly premium, you can take out level term assurance, which will pay an amount equal to your original loan This is deemed as an essential insurance for home purchase, and naturally Northern Financial Solutions can advise on the best policy for your needs
To arrange peace of mind today simply call: 01274 900232 Or to request that one of our friendly advisors calls you back click here
Accident, Sickness and Unemployment Insurance If you have had an accident, become sick or lose your job, under the Department of Social Security rules, people with a house bought after 1st October 1995 have to wait nine months before they receive help from the State. And even then, they must be in receipt of Income Support or the JobSeekers Allowance and their savings must not exceed £8000 In such circumstances it is easy to see that there could well be a danger of losing your home through not being able to keep up your mortgage repayments By taking out ASU insurance alongside your mortgage, you can set the deferral period yourself, knowing that your mortgage repayments will be covered after a certain number of weeks or months for a given period
Health Insurance
Health insurance is one of these products which many people assume they don't require, after all your still young or your in perfect health, so why bother. In reality this assumption may turn out to be false and by that time it is too late Health insurance sometimes referred to as critical illness cover or permanent health insurance. Either types of insurance is recommended by Northern Financial Solutions
If you are worried about falling ill, and losing the income vital to keep up your mortgage payments, think about critical illness cover. It pays you a lump sum if you are diagnosed as having an illness stated in the policy. Alternatively, consider permanent health insurance, which will provide you with a monthly income should you suffer from long-term sickness or disability Northern Financial Solutions can quote for health insurance either as an additional benefit on your life insurance, your accident, sickness and unemployment policy, or as a separate policy all together
For an informal chat with one of our friendly advisors simply call: 01274 900232 Or to request that one of our friendly advisors calls you back click here |
Send mail to howardf@nfsonline.plus.com with questions or comments about this web site.Last modified: 08/23/06http://www.businesslist.co.uk/activateCat.asp |
