Buying property is an expensive purchase and you will likely rely on a mortgage to afford homeownership. It is essential to protect this asset and ensure that you can always make the mortgage payments.

The Benefits of Family Protection

Have you considered what would happen to your family if you were unable to work, or were diagnosed with a critical illness, and could not make the mortgage repayments? 

If you have dependents, this type of cover provides a solution by paying out a lump sum or specified income if the policy holder dies. It offers a number of benefits: 

• Your peace of mind that mortgage payments will be repaid in full if the main breadwinner is unable to work or dies 
• The financial security that enables your loved ones to stay in the family home 
• Peace of mind that your family will be free from financial strain 

The Gift of Financial Security 

Unlike Buildings Insurance, Life Insurance is not a legal requirement when purchasing a property. It is, however, strongly recommended for families with mortgages. An affordable monthly payment will ensure your family avoid any additional upheaval at the time of their greatest need – should it be required. 

You can give your family the gift of financial security. They will know that there will be sufficient funds to repay the mortgage, in full, in the event of severe injury, critical illness or death. This reduces stress and financial burden from your partner and children. It ensures that your family will be mortgage-debt free should the worst happen. 

Tailored Advice on Mortgage Protection 

Our Financial Adviser will be able to recommend Life Insurance and Income Protection policies that will best meet your circumstances. Factors that are taken into account, in addition to your mortgage, will include fluctuating interest rates and Death in Service benefits in your employment contract. 

We will endeavour to answer all of your questions and ensure that you are fully informed before making any decision. We aim to source the best value family protection cover for your requirements.

If you have questions about Life Insurance or mortgage protection, please contact David Milbourn on 01442 874888 or via email to david.milbourn@sjpp.co.uk; to arrange a confidential appointment. 

Your home may be repossessed if you do not keep up repayments on your mortgage.