Life Insurance

 

Protecting you, your family & your income

 

Whilst life may be going well now, none of us know what's around the corner, so what if something goes wrong you haven't expected or planned for?

At Swift Mortgages our highly trained and experienced advisers are able to advise on a lot more than just mortgages. Our expertise also covers Life Assurance & Critical Illness Cover.

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Life Assurance

 

As a minimum, life assurance would be taken out to ensure the mortgage is fully repaid on death rather than the property having to be sold to clear the outstanding debt. In addition, you can also take out family protection to cover the loss of earnings to give you extra peace of mind.

Life assurance policies pay out either a lump sum or a series of payments when a person dies during the life or "term" of the policy.

There are many reasons why life cover may be important to you. For example, the proceeds may be used to:-

 

• Pay off a debt such as a mortgage.

• Provide an income for your dependants.

• Protect a business from the impact of a crucial partner dying.

• Funding a savings plan for the benefit of your children.

• Life policies can be combined with other forms of insurance, such as Critical Illness Cover.

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Critical Illness Cover

 

Critical illness cover pays out a tax-free lump sum if during the term of the policy you are diagnosed with one of a number of specified critical illnesses or conditions such as cancer, Parkinson's disease, multiple sclerosis, heart attack or stroke etc.

How much critical illness cover you need will depend upon your circumstances.

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Income Protection and Accident, Sickness and Unemployment Protection

 

In these concerning times, there are simple steps you can take to help safeguard yourself from the financial consequences of being unable to work.

Imagine for a moment you were unable to work because you were sick or out of work due to redundancy,

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The unemployment policy isn’t available for purchase at the moment due to Covid restrictions however this is temporary and once reintroduced the website will be updated accordingly. For more details please speak to an adviser.:-

 

• How would you pay your bills?

• How long could you live on your savings?

• What would happen when your savings ran out?

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These scenarios are stressful enough so it is important to be able to concentrate on getting well or finding another job.

Accident, sickness and unemployment cover allows you to protect your financial commitments if you are unable to work due to illness, accident or compulsory redundancy, and can include mortgage or rent payments and any other regular monthly insurances, life cover, utility bills and loan payments.

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With the number of protection products constantly evolving, it is important that you speak to our experienced financial advisors who can explain in plain English what cover is right for you and your individual circumstances.

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For insurance business we offer products from a choice of insurers.

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* Source - www.statistics.gov.uk