Protection Policies
Explore a range of protection insurance options
From life and critical illness cover to income protection and home insurance, we offer protection policies tailored to meet your needs.
Power Mortgages offers holistic financial reviews as part of the mortgage process to ensure you’re fully aware of available protection policies.
Whether you’re looking for life insurance, critical illness cover, income protection, or home insurance, our expert advisors can help you find the best solutions for peace of mind.
Protection insurance policies can cover many things from your home to your health and your income.
This service is not exclusive to clients wishing to discuss mortgage funding, so should you wish to be contacted by an advisor to purely discuss protection policies, please get in touch.
Life Insurance/Critical Illness Cover
People don’t usually realise the implications of death or a critical illness. That’s why life insurance & critical illness policies are designed to help you and your family in the event of this. Life Insurance & Critical Illness pays out a lump sum if you were to die of or be diagnosed with a specified critical illness during the term of your policy.
Many people at all stages of life can benefit from the peace of mind of having either life insurance or critical illness cover. Our advisors will help you work out how much cover you would need to fit your circumstances. In the event of death, it is also a possibility that you may want to leave your family or loved ones money that will cover expenses such as the mortgage or university fees which would have been benefited from the use of your income.
Accident Sickness and Redundancy
What would you do if you suddenly couldn’t pay your mortgage or monthly bills due to being unable to work? Accident, Sickness & Redundancy is a policy which is designed to help cover you should you sick, have an accident or become redundant.
Most policies of this type will pay out a monthly benefit after an initial waiting period and will pay out for up to 12 or 24 months or when you return to work usually whichever happens first depending on the terms of your policy.
You can either arrange just Accident & Sickness cover to keep monthly premiums lower or just Unemployment cover which certain companies offer. Please ask us for details and we will be able to search for a quote. 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 impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk.
Income Protection
The maximum cover you can have is typically between 50-60% of your gross income, however, as the benefit is paid tax-free, you can replace a high percentage of your income in the event of long-term incapacity. Some of the most common conditions covered by income protection insurance are mental illnesses such as anxiety, stress, depression & back pain.
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.
Home Insurance
Contents Insurance offers cover against fire, theft, acts of god and accidental damage to your personal belongings. As different companies offer different inclusions and exclusions of what they cover, you should always check your existing policies to see if it includes cover on your most precious items.
6 Reasons to Use Us for Mortgage Advice
1. Expert Advice Tailored to Your Needs
We offer customised mortgage advice based on your financial situation, helping you find the best deal for your unique needs.
2. Access to Exclusive Mortgage Rates
We have access to exclusive mortgage rates and deals from a wide range of lenders, ensuring you get the best possible offer.
3. We Work Around Your Schedule
We understand life can be busy, so our mortgage advisors are available to fit your schedule, offering flexible, convenient advice when it suits you.
