Whether you are single or have a family, it is most likely you will require some kind of protection to ensure you and/or your dependents do not suffer financial hardship in the event of illness or death. People take out protection policies for a variety of different reasons, but the fundamental underlying reason is normally to protect either themselves or their loved ones from the worst possible outcomes.
Your future is unknown and it is important to consider the risks and be prepared if things do not go to plan.
The type of insurance policy you might need depends on your situation. Our experienced advisers not only take the time to get to know you, but ensure no stone is uncovered when it comes to protecting your and/or your loved ones.
A life assurance policy set up for the amount and term of your mortgage which will pay out a lump sum to repay your loan in the event of your death, ensuring your loved ones can remain in their home without the worry of keeping up mortgage repayments.
A life assurance policy which will pay your dependents a lump sum or regular payment if you die unexpectedly. If you have a partner or children, this type of policy can provide reassurance that they will be able to cope financially without you.
Designed to support you financially if you can not work due to illness or injury and your income either drops or stops completely. Although Income protection can be tailored to suit most people's individual situation, it is particularly relevant for anyone who is self employed and does not receive sick pay.
Whole of life
Most commonly used a Funeral cover, this policy is guaranteed to pay out when you die, no matter when that is.
Critical Illness cover
Will pay out a lump sum if you are diagnosed with a serious illness listed in the policy. Critical illness can be a standalone policy or included in a life policy.
A general insurance policy which is designed to protect your home. You can choose either Buildings cover (only required if you are a homeowner), Contents cover or both.
LOVE 2 finance is the trading name of Which Mortgages Ltd.
Love 2 Finance Ltd, Suite 25, St James Retail Park, East Kilbride, G74 5QD, is a company limited by shares.
Our companies house number is SC492444. We are authorised and regulated by the Financial Conduct Authority.
Our FCA number is 301962. The FCA does not regulate most Buy to Let mortgages.