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01268 744 333 info@chambersfs.co.uk

Protection

We’re sure you’ll agree, taking out a mortgage is probably the biggest financial commitment you’ll ever make in your life.

That’s why planning for the unforeseen is so important.  Because by ensuring you have the right protection in place you create peace of mind for you and your loves ones.

From mortgage protection to life insurance, critical illness, income protection and accident sickness & unemployment. We’ll work with you to establish what the right level of cover is for you using our experience and expertise to put in place a policy that suits your needs, whether single or married, have children or grandchildren, working or retired.

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For the most appropriate information about insurance, please visit the website at www.moneyadviceservice.org.uk

Mortgage Protection

During the process of buying a home your Chambers Financial Services mortgage advisor will discuss the benefits of protection insurance.

We’ll always recommend that clients who take out a mortgage also consider the benefits of having adequate protection in place.  The reason for this is to help provide financial security in the traumatic event of loss of life or diagnosis of a serious illness.

So, by planning for these unforeseen circumstances you can make sure the mortgage is fully repaid, thus helping to protect your family’s lifestyle, and help you have enough money to cover regular everyday living.

Our friendly and professional approach will mean you explore all the options, before making the right decision for you.

Plus, Tony and the team will be with you every step of the way to make the mortgage protection process as simple as possible.  Saving you the hassle, and providing lots of additional advice, including the benefits of holding the policy in trust.  A method used to ensure the benefit is paid out quickly at a time of extreme need and potentially avoiding an increased inheritance tax liability.

Equally, if you already have a mortgage and don’t have protection in place we’re more than happy to help.

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For the most appropriate information about insurance, please visit the website at www.moneyadviceservice.org.uk

Other protection policies available from Chambers Financial Services include:

Life insurance

Life insurance covers you against death or terminal illness and provides beneficiaries with either a lump sum or a monthly payment, paid tax free, in the event of your death.

Whilst this situation is not something most of us want to contemplate, adequate protection will ensure that a partner or dependents are not left in financial difficulty during a time of immense emotional strain.

Critical illness

Critical illness insurance provides you with a tax-free cash sum in the event of you being diagnosed with a commonly defined critical illness. You can use the sum you receive for whatever you like.  However, it is designed to take the monetary burden off you during a difficult period in your life. Critical illness, like life insurance, can also be a fixed lump sum, a regular monthly payment or can decrease in line with your mortgage.

Income protection

Should you have an accident or suffer long term sickness, income protection insurance pays out a monthly income to cover a percentage of your salary.

At the outset you decide the terms, including how many months before the policy will pay out (the deferment period) and how long it will continue to pay (the benefit period). There are a number of options to suit but cover can be made available so the benefit pays out until retirement age if you suffer with a long term illness.

We find the best way to describe income protection is as a guaranteed income. It provides assurance that your on-going income will continue, and that you’ll maintain your lifestyle should you fall ill or have an accident and are unable to work.

Accident Sickness and Unemployment

Accident, sickness and unemployment insurance is best suited to people who are concerned about losing their income in the event of long term sickness and/or unemployment.

Not only does the policy provide valuable protection to employees but in the event of not being able to work this can be especially difficult if you run your own business.  We’ve lots of experience helping employees and small business owners to find the right policy for their individual circumstances.  Meaning they can have confidence that the bills can still be paid, even in the event of them having an accident or being diagnosed with a serious illness.

Talk to your personal mortgage protection advisor on

01268 744333