Insurance policies may not be what you really want to spend your hard earned money on, but they are a very important part of responsible borrowing.
It is a horrible thought that one day you will die. Hopefully after a long and fulfilling life, having witnessed the many miracles it has to offer, but unfortunately this is not always the case. Insurance is part and parcel of talking about mortgages, if you had enough money to buy the property outright, you probably have enough money in the first place not to worry about what if you became ill or died. However, if not, insurance policies can give the peace of mind that your loved ones will be financially taken care of in the event of your death.
The advisers at Lawton Financial Services can have a very important role to play in your life. What we will do is: we will explain what insurance policies are available to you, how they works, what they do, what they don't do, if they are suitable for you, any exclusions and how much they cost. There is no hard sell, there is no scaring you into taking a policy, just an open, honest conversation about your choices.
Here is a brief and very simplified list of insurance products available to you:
- Life insurance: Pays out a lump sum of money when you die.
- Critical illness cover: Pays out a lump sum of money when you are diagnosed with a predefined illness.
- Income protection: Pays a monthly benefit for a pre-agreed term when you are unable to work for a prolonged period of time.
- Unemployment cover: Pays a monthly benefit for a pre-agreed term when you are made involuntarily, well, unemployed.
- Buildings and contents Insurance: Pays out (less the excess) for claims for loss or damage to home and possessions.
If you have questions about certain types of insurance, or require quotes then please do not hesitate to contact us.