Mortgage Essentials
Life Assurance
If you are married or have children or other dependants, then life assurance is vital to ensure that your family is not left with a mortgage to pay in the event of your death. Life cover is usually not expensive but the cost of not having it can be.
Critical Illness Insurance
This form of insurance is designed to pay a lump sum in the event of you contracting one of a pre defined list of illnesses. Typically including some forms of cancer, heart attacks, paralysis and other similar diseases.
It is not designed to pay your wages if you are ill for a long time and is generally not linked to your ability to work or your salary.
Income Protection (known as Permanent Health Insurance)
How could you cope if you could not work due to ill health? How long does your employer pay you and what happens when this stops?
This is arguably the biggest risk of all and we can help guide you through the various contracts available and keep the cost of covering for this eventuality to a minimum.
Accident Sickness & Redundancy Cover
This is designed to assist with relatively short term crisis that can occur to anybody.
These plans will usually pay 100% of the mortgage costs and can sometimes include 25% extra for other essentials. The plans tend to pay out after 1 month and can pay this amount for up to 12/24 months depending on the plan chosen.
These are currently proving popular on the redundancy front due to the current economic climate although if you are already aware of pending redundancy it will be too late to set a plan up.
DTE Risk & Financial Management Limited is Authorised and regulated by the Financial Services Authority
Registered office: DTE House, Hollins Mount, Bury BL9 8AT Company number 01967512 (England)