Mortgage & Family Protection
We all need to be protected. What would happen if a sudden illness, disability, job loss or death occurred? We can help provide you with the peace of mind that comes with knowing you are protected if something should happen.
We offer the following types of protection:
Mortgage Payment Protection Insurance - also known as Accident, Sickness and Unemployment Insurance, covers your monthly mortgage payments and certain related costs for a specified period of time if you are suddenly unable to work due to an accident, sickness or involuntary unemployment.
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit www.moneyadviceservice.org.uk.
The typical cost for ASU cover is £8.20 per £100 monthly benefit. This is based on someone aged 35 with a 30 day waiting period.
Life Cover - This comes in two forms: Level Term Insurance and Decreasing Term Insurance. (Level Term Insurance will give you the same amount of cover throughout the life of the policy and pay out that amount if you make a claim. Decreasing Term Insurance will decrease over the term, usually to match your decreasing mortgage amount, and pay out the current amount when a claim is made.)
Critical Illness Cover - To cover you and your family against the financial impact of a critical illness and loss of income through sickness. This cover pays out a lump sum should you be diagnosed with a serious illness. Illnesses covered vary depending on the provider and type of policy.
Income Protection Insurance - This cover will pay you a regular income benefit if you suffer illness or accidental injury and are unable to work leading to loss of earnings. Cover is provided until the end of the plan term, regardless of how many claims you make and during each claim you receive an income every month as long as that claim is valid.
Insight Financial (Kent) is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. The Financial Conduct Authority does not regulate some forms of Buy to Let.