Protection policies could pay a lump sum or monthly amount if the worst comes to pass, and are often taken with a mortgage to help you stay in your home. We offer protection as part of our standard service package, proposing a free, no-obligation recommendation that’ll match your individual needs.
All the research is done by us, finding the best deal that gives you the right cover at the right price. We ensure you fully understand how the protection works, the cover you have, and any extra benefits. What’s more, we charge no fees for the life of your policy and are here for you throughout.
What types of cover are there?
Selecting a life insurance policy is one of the most important decisions that you will ever make to ensure your family’s financial wellbeing, security and peace of mind. We strive to find the most suitable and personalised life cover for you, including joint life cover.
Life insurance, whether sole or joint, can help minimise the financial impact that your death could have on your loved ones. If you die, or if you are diagnosed with a terminal illness with a life expectancy of less than 12 months, during the length of the policy, it could pay out a cash lump sum. Life insurance can give your family financial security, and ensure your peace of mind that your family’s lifestyle will be protected should the worst happen.
This cover will pay out on death, providing an annual income for the term remaining on the policy. For example, for a 20-year term, where the claim occurred after five years, there would be 15 annual payments made in total.
The payments are not normally subject to income tax but may affect some state benefits.
This pays for medical treatment on a private ward or enables you to be seen earlier on a NHS ward. Some plans also allow you to claim if you are not able to be seen by the NHS within a set time period.
You may be medically examined and underwritten at the outset so that you know exactly which conditions you are covered for. Alternatively, there will be no medical examination at the outset, but conditions that occur two years before taking out the insurance are not covered, and often there is no cover for a reoccurrence within five years of taking out the plan. Premiums are usually reviewable annually.
This pays out after certain medical events occur, for example, heart attack, stroke, cancer or other specified critical illnesses.
Cover is for a set term, which may be equal to a mortgage term, or may end at a specified milestone in life, such as retirement or children turning 18. It may be worth considering having one policy for a set term to cover the mortgage, and another that will provide money if a serious illness should occur. Most people choose a lump sum to be paid out, although there is the option of receiving a set income over the term remaining.
This provides an income if you have to stop working due to illness or injury. It is designed to replace most of your net income.
Cover is provided either for a set term or up to a certain age (typically your state retirement age). The amount you pay is called the premium. It can either be guaranteed not to change, or it can be reviewable.
This can cover your mortgage repayments if you lose your income as a result of accident, sickness or unemployment.
Your home may be repossessed if you do not keep up repayments on your mortgage
Mr. Pardeep Kumar is a Mortgage & Protection Adviser with Match Mortgages Limited.
Registered office: Beechwood Cottage, Beechwood Lane, Wendover, Buckinghamshire, England, HP22 5QL.
Registered in England and Wales under number 14279332.
Match Mortgages Limited is regulated and authorised by the Financial Conduct Authority under number 983246 in respect of mortgage, insurance and consumer credit mediation activities only. The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based within the UK.