Insurance & Protection
In addition to providing mortgage and loan solutions we can also
provide appropriate insurance and protection products.
Safeguarding our clients and their loved ones is one of the most
important factors to consider. It may be a first time buyer or a
client starting a family or a recent change of career. At some
point in our clients lives the question of protection will start
to become higher on the priority list. If they were ill and could
not carry out their jobs, what would they do? If they were to die
who would pay for their mortgage? Their children? They may
already have some insurance but it was taken out many years ago and
would now not amount to enough to fully protect the family. These
are all questions and concerns that most people will ask themselves
and we can help with finding the right solution that fits their protection
needs. Premiums for insurance do not always have to be costly
and we can find the most cost-effective premium along with high benefits
for each situation. We offer Life Assurance, Critical Illness cover
and Income Protection.
Please read on to find out about the types of insurance and protection
products we can offer you...
| Life Assurance |
Life assurance is a protection insurance
policy, designed to protect a client's family financially in the event of death. At a minimum the policy
should be taken out for a sufficient amount to cover an outstanding
mortgage balance. This would at least clear the mortgage and
leave a next of kin with a mortgage free asset. However this
is only part of it. To do a thorough job for the client would
be to consider a replacement income for a partner left behind
to raise a family. We take all of our clients circumstances
into account before we advise and make a recommendation for
the most suitable protection policies. |
| Critical Illness Insurance |
Statistically speaking, insurance companies
are aware that people have approximately 5 times more chance
of being diagnosed with a critical illness than actually dying.
It is for this reason that critical illness policies were invented.
They would protect client’s financial circumstances in
the unfortunate event of being diagnosed with a critical illness
such as a heart attack, cancer, a stroke and a whole variety
of other illnesses, by paying out a lump sump for the amount
insured. A critical illness is a serious enough event without
having to worry about how the mortgage is going to be paid. |
| Accident Sickness & Unemployment
( Mortgage Payment Protection Insurance ) |
This insurance policy is designed to protect
our clients ability to meet their monthly financial commitments
in the event of an accident, or if they were to become sick
for an extended period of time, or if they were made unemployed.
If any of the above were to occur, this policy would meet those
monthly commitments for a period of up to two years in the
event of these unforeseen difficulties. The government policy
on assistance is that any claim made to them for assistance
would not be paid out for the first 39 weeks (9 months), from 5th January 2009 a temporary package of measures was introduced to provide extra help to new customers in light of the economic downturn, by
which point a client’s home would most likely have been
repossessed by the lender. We make sure that we address the
issue of protection needs with our clients at Active Loan & Mortgage
Services Ltd so that our clients have peace of mind that they
have all of the necessary cover that individually suits them. |
| Buildings & Contents Insurance |
It is necessary for ALL clients to have
buildings insurance if they have a mortgage as they are responsible
for the building to be insured from the date of exchange of
contracts. At Active, we like to offer our clients competitive
Buildings & Contents Insurance policies by offering extremely competitive quotations. |
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