Life and Protection Insurance policies can protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment.
We offer advice to suit you and your family’s needs and offer to review this regularly to ensure as your family evolves, your life insurance protection cover evolves alongside. Contact us today to discuss the following:
Life Insurance can provide financial security for your loved ones should you die. It can help them deal with everyday money worries such as mortgage payments and bills. There are different types of mortgage protection cover available that can pay out a single lump sum or provide a regular income. Our specialist advisers will review your options to find the right mortgage life insurance to suit your needs.
Life insurance to cover mortgage is an important tool that can help protect your family from the burden of mortgage debt if you die unexpectedly. It provides a lump sum payment to cover the remaining balance of your mortgage in the event of your death, helping to ensure that your loved ones are not left with financial hardship.
Payment protection insurance mortgage is a type of loan insurance product that provides coverage for people who have taken out a mortgage loan. It helps borrowers to protect their finances and assets from losses associated with missed payments or other issues.
Critical Illness Cover
Critical Illness can provide you and your loved ones financial security if you are diagnosed with certain conditions such as heart attack, stroke, or cancer. Having this covered by your mortgage protection life insurance provides peace of mind so that you can focus on getting better without having to worry about the potential financial strain. We can also explore and discuss with you the option of adding on Children’s Critical Illness.
By taking out individual critical illness cover, individuals can reduce some of the financial worries associated with being diagnosed with a critical illness. You’ll be worry free, knowing that there will be funds available if needed to help deal with unexpected costs or simply to replace lost income during treatment and recovery periods from serious illnesses.
Income Protection Insurance
Income Protection pays out a regular income if you are unable to work due to illness or injury. Life insurance income protection in Tunbridge Wells can protect you against a loss of income and keep up with your mortgage and bills, allowing you to focus on your recovery. Our advisers will explain the different options available so that you can be informed of your choices for the best income protection insurance for you.
Life income protection insurance can help reduce any financial burden associated during difficult times like sickness, injury or unemployment. You will be worry free in case of unexpected events by providing financial stability and reassurance should these circumstances arise.
Buildings & Contents Cover
Buildings insurance covers the cost of repairing or rebuilding your property. Contents cover protects your removable belongings if they are damaged, destroyed, or stolen. Besides life insurance and income protection in Tunbridge Wells, there are also numerous optional add-ons, such as legal protection and home emergency. Contact us today to let our specialist advisers discuss the options available.
We can also help landlords explore cover to protect their let properties, including rental protection in case of voids, through our mortgage protection insurance.
House and buildings contents insurance is an essential part of owning a home. It can provide cover for both the physical structure of your property as well as any possessions you keep inside it.
Accident, Sickness, and Unemployment cover typically costs £4.71 monthly for every £100 monthly benefit. This is based on a 36-year-old customer choosing £850 of accident, sickness, and unemployment monthly benefit with claims paid after a 30-day deferred period. The cost of this insurance depends on a number of factors, such as your age, where you live, and your occupation. As a result, the cost you will pay is based on your own circumstances.
There are other providers of Short-Term Income Protection and other products designed to protect you against loss of income. For impartial advice about this type of insurance, please visit the website www.moneyadviceservice.org.uk
Insurance & Protection Tunbridge Wells
At Lakewood Mortgages, we understand the importance of protecting yourself and your family from financial loss. That’s why our life insurance and income protection in Tunbridge Wells policies can offer life-long protection through death or serious accident, providing a one-time benefit to cover you should illness strike as well. We offer the best income protection insurance to people in Tunbridge Wells & the surrounding areas.
We know you have questions about insurance and protection. We’ve answered some of the most frequently asked questions below.
What are insurance and protection?
Insurance and protection are systems of risk management. It’s a way to protect yourself financially if something goes wrong. You can also use insurance as a way to get financial help with expenses you might not be able to afford, such as medical bills, mortgages, and other loans.
Why do I need insurance and protection?
It’s important to have life insurance protection because life happens—things break, people get sick, and accidents happen. Even if you’re careful and try not to take unnecessary risks, sometimes things go wrong, and you can’t control them. When that happens, you want to be protected financially so that you don’t have to worry about how you’ll pay for the damage or fix it yourself.
How much life insurance do I need?
There’s no one-size-fits-all answer here—it depends on many factors, including your age, income, savings, and assets. The best way to figure out what kind of life insurance protection coverage you need is to speak with our professional advisers and discuss your goals and current financial situation.
Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.
As with all insurance policies, conditions and exclusions will apply.
Not all buy to let mortgages are regulated by the Financial Conduct Authority.