Protection

ife insurance is a way to protect your loved ones financially if the unexpected happens. It provides a lump sum payment to your family in the event of your passing, helping to cover things like mortgage repayments, daily living expenses, or even future plans like education costs. If you don’t make a claim during the policy term, then there is no surrender value for the policy. This can be a sole or joint policy. There are 3 types of cover: Decreasing – The cover amount decreases in line with the term Level – The cover amount stays the same throughout the policy Increasing – The cover amount increases in line with a set percentage Each policy can come with its own add-ons based on your circumstances and needs. At Family Mortgage Solutions, we’ll assess your needs and recommend you the most suitable product.

Income Protection is designed to support you financially if you’re unable to work due to illness or injury. It provides a regular income to help cover essential expenses like mortgage payments, bills, and everyday living costs while you recover.This type of policy is only available through an adviser and therefore the most appropriate product and its features can be tailored to your needs. Things to consider: If you cannot work, what is the minimum amount of income you will need every month If family or friends can help you out, then how long will this be for? Do you have any employer benefits; and how long will these last? Do you have any family history of medical issues? Who depends on you to provide for them financially? The type of occupation you are in Your age, weight, lifestyle, current medical status At Family Mortgage Solutions, we can help you find the right policy no matter what life throws your way.

Family Income Benefit is a type of life insurance policy designed to provide your loved ones with regular monthly payments if you pass away during the policy term. Instead of a lump sum, it ensures a steady income to help cover everyday expenses like bills, mortgage payments, or childcare costs. These payments are tax free. At Family Mortgage Solutions, we can help you find a Family Income Benefit policy, after assessing your needs and recommending the right product.

Business Protection is a vital safety net for businesses, providing financial stability if something happens to a key person, partner, or shareholder. It provides coverage to help with replacing essential individuals, settling debts, or buying shares, safeguarding the future of your business. At Family Mortgage Solutions, we understand how important your business is and can help you find the right protection plan to keep it secure, no matter what challenges arise. Business Protection encompasses Key Man, Shareholder Protection, and relevant life. For more information about how this can help you and your business, please speak to an adviser today.