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insurances

Life Insurance and Critical Illness Protection

Have you ever stopped to ask yourself the question…. how would I like to imagine my family's lifestyle if I died?

Many of us will know someone who has died too young, and if you’ve seen a family trying to deal with these things, you will know that the financial impact can be devastating. Life Assurance can’t stop the unthinkable happening but it can make dealing with the consequences a little easier. Life Assurance is designed to pay out if you die during the term of the plan. Its main use is to pay off your mortgage, but what about credit cards, loans, utility bills, childcare, food and clothes, not to mention transport, education, or any luxuries? Cover can be taken as a Lump Sum or Income or a combination of both.  

If the worst should happen, nothing will replace mum or dad in the eyes of the child but real financial support, when everything else is sad and scary, will make an enormous difference, maintaining some sort of normality in a topsy turvy world. For the mum or dad left to hold it all together, it’ll ensure that huge emotional stress isn’t accompanied by the trauma of financial strain.

What if you only die a little?

  • What if you get cancer, or have a heart attack or stroke?
  • What if your child suffers from a Life Threatneing Ilness?
  • Have you thought about the impact of a serious accident, that leaves you permanently disabled

 

None of us can afford to be complacent and take the view that it "won't happen to me" because the statistics show there's a chance it will.

 

The majority of people who suffer from a Critical Illness have a considerable period of time of work.  Some people who suffer a Critical Illness are unable to return to work.  Of of those who do return to work, they can’t always work the same hours as before, so they could well experience a long term drop in income.  Living costs tend in increase during a time of illness, with travel costs to and from hospital appointments, increased heating costs, carer costs, and potentially alterations to the home.  Critical Illness cover provides a lump sum, often intended to pay off the mortgage, and to help deal with these unexpected expenses.  

It would be nice to know there was a financial cushion to fall back on, if this happened. It would mean you could concentrate on getting better, rather than worrying about money. This is where Critical Illness Cover can really help. It is intended to pay out when you are diagnosed with a specified Critical Illness or suffer a total permanent disability, rather than if you die. Even a little bit is better than none at all. It would give you some peace of mind if the worst happened.

 

 


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

We charge a Broker Fee of £199 on application and £190 on completion of your Mortgage.

1 4 U Financial Solutions Ltd is an appointed representative of PRIMIS Mortgage Network, a trading styyle of First Complete Ltd, which is authorised and regulated by the Financial Conduct Authority.  (Registration number 435779)

*Some forms of Bridging Finance and in general Buy To Let Mortgages are not regulated by the Financial Conduct Authority.

Commercial Mortgages, Overseas Property & Mortgages, Wills, Probate, Trusts and Tax & Estate Planning are not regulated by the Financial Conduct Authority. 

Pensions, Investments, Wills & Probate, Tax & Estate Planning, Overseas Property & Overseas Mortgages, Commercial Mortgages, Bridging Loans and Commercial Insurances are referred to specialist suppliers. 1 4 U Financial Solutions Ltd or First Complete Ltd are not responsible for any advice received from a third party.

This website is intended for people over 18 years of age who are resident in the UK only. The website and the information contained therein should not be regarded as an offer or solicitation to conduct business in any jurisdiction other than the UK. These pages provide generic information about various aspects of financial services advice that we provide. We hope they are helpful to you but they do not on their own add up to recommendations and we cannot take responsibility for anything you do in reliance on them without further discussion with us. Please do not make a decision based upon the information contained within these pages alone. Contact us for further advice to enable you to make an informed decision based upon your individual circumstances.