Despite our best efforts, life can throw unexpected circumstances our way. When it comes to financial obligations, such as your mortgage, this can cause excessive stress. There is something you can do, though, to lessen the financial burden should the unexpected happen. We have a suite of insurance products that will protect you in your time of need.
Life insurance
Life insurance protects your loved ones in the event of your death. It can lessen the financial impact on your family, as a tax-free lump sum will be paid out. It will provide peace of mind for those closest to you, and can be used to clear debts or pay your mortgage off, for example.
Critical illness cover
Should you be diagnosed with a serious medical condition, critical illness cover will pay out a lump sum, tax free. The illnesses covered by your policy can differ, but payments can help cover the costs of financial stresses caused by your illness, including home adaptations and medical bills.
Family income cover
Similar to life insurance, family income cover will pay out to your loved ones on your death. However rather than one lump sum, family income cover is paid out on a monthly basis through the term of the cover. This can be a form of income for your family that they may be missing since your passing.
Income protection
Should you be unable to work for a time due to sickness or disability, income protection will pay out on a monthly basis. This continues until you return to work, or for the duration of the policy. It will hugely lessen the financial burden on you through this time.
As with any insurance policy, different options are available. We’ll discuss your requirements with you and find the policy that best suits your needs. Contact us now to book an appointment.
Bell Mortgage Solutions 