What happens to your lifestyle and your loved ones in the event of :
Being protected is not just a question of ensuring the mortgage is paid off if you die :
One third of the population will suffer from cancer, 90% of all cases with be life threatening. 35% of Men and 45% of women will live for at least 5 years after diagnosis of the disease.
For every individual that dies 14 have been off work for more than 6 months
Of the 90,000 who suffered a stroke in 2009 only 55,000 died within the year
How long will your savings last if your income stops ?
How long will your family help support you ?
What state benefits would you be eligible for ?
What existing protection do you have in place, when would it pay out and more importantly when wouldn't it?
Let Oxford Mortgages help you answer these questions.
Life assurance* –Usually provides a lump sum on the death of the life assured.
Income protection insurance* – provides a regular income when the insured is unable to work due to sickness or an accident.
Critical illness cover* – provides a lump sum if the assured is diagnosed with one of the listed critical illnesses.
Mortgage payment protection insurance* – provides regular income to cover the mortgage repayments if the insured is unable to work due to illness, accident, redundancy or unemployment.
Personal accident and sickness insurance* – provides a lump sum or income benefits in the event of the insured falls ill or has an accident.
*As with all insurance policies, conditions and exclusions will apply.
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 the website at www.moneyadviceservice.org.uk.
Oxford Mortgages is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Proprietor: John Christopher Ellis