Insurance from Formby Mortgage Adviser.
Some of the insurance services we offer include the following types of insurance.
Building & Contents Insurance
This insurance protects the property against events like fire and flood. All lenders require you to fully insure the property for the total cost of rebuilding it. Contents insurance protects your household goods and personal property. Remember it is not just the cost of the policy that’s important, there are other things to consider also, like the sum that you are insured for, the excess that you will have to pay in the event of a claim and you should also be aware of what exclusions are applied by some insurers.
Mortgage Payment Protection Insurance (MPPI)
None of us know what life has in store for us. Through no fault of our own, we may find ourselves unable to work due to an accident or sickness, and with unemployment levels frequently in the news have you asked yourself how you would cope financially without our regular income? Would you be able to maintain your regular mortgage commitments
Income Protection Insurance
Have you ever considered what would happen to your family if you were to suffer from illness or injury and were unable to work? How would you all cope on a significantly reduced income? Unfortunately, one of the risks to achieving your financial goals could be outside your control - the loss of your income. Whether it’s as a result of an illness or injury, it could have a devastating effect on you and your dependants. Income protection is designed to pay you a regular income should you suffer from illness or injury which results in a loss of earnings. With an income protection policy, you can protect yourself and your family against this loss of earnings.
Critical Illness Protection
We all have financial obligations to meet each month, and as we get older, our financial responsibilities tend to change. Whether we get married, start a family, or move up the property ladder, it becomes all the more important to have plans in place to protect you, and those around you, from unforeseen financial hardship.
By taking out a critical illness insurance, you could receive a tax-free lump sum should you become unable to work due to a serious illness or injury this could help towards paying off your mortgage, meeting the monthly household bills, covering additional medical expenses or reducing the financial impact if you were unable to return to work.
Business Protection Insurance
Running a business can sometimes be a real handful. How would your business cope if the unthinkable happened and you were diagnosed with a critical illness and couldn’t work? What if one of your co-workers dies and a loan, overdraft or a commercial mortgage has to be repaid early? You can help protect against those events but the level of protection you need depends on your individual circumstances.
In 2018 £5 billion was paid out in all claims as a result of death, serious illness or injury re publication on 30/04/2018 re ABI Association of British Insurers.
Other Services we provide include:
Will Writing**
Investments
Pensions
Inheritance Tax Planning
Individual Savings Accounts (ISA’s)
firmly believe in the value of personalised advice. All openwork advisers are trained to a high standard and the quality of the advice we give is constantly assessed.
**The Will writing service promoted here is not part of offering and is offered in our own right. accept no responsibility for this aspect of our business. Will writing is not regulated by the Financial Conduct Authority
