Life Insurance

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Insuring your life and income is all about peace of mind.

Mortgage life cover ensures that, in the event of your death during the mortgage term, your mortgage will be covered with a tax free lump sum.

Why take the risk with the most important thing in your life? Everyone insures their car and their contents, yet these are articles that could be replaced.

What would happen if you couldn't work or worse still if you lost your life? How would your partner cope?

Mortgage Masters' advisors are fully experienced at dealing with every form of insurance query. Find out for yourself, call us today on 01865 744299, where advisors at our Oxford Head Office can help or just fill out our Insurance Form.

What ever you do, don't cut corners and do it yourself, call us and we will guide you through the maze!

Life cover safeguards your dependants or partner from having to pay off your debt, which could mean selling your house to cover the mortgage. Having a comprehensive life assurance policy gives you the knowledge that should you meet an untimely end your family will at least receive some kind of financial compensation.

Life cover can be taken on a decreasing or level basis, to cover repayment mortgages or interest only mortgages respectively. A level life cover is designed to pay out the same amount throughout the term of the policy whereas with a decreasing policy the level of cover reduces year on year. Generally decreasing policies are less expensive.

At Mortgage Masters we carefully inspect the wording of the policy to make sure that you get the right cover for your circumstances. We will discuss your exact requirements and find the product that suits your circumstances. Then, upon acceptance terms being issued, we will thoroughly check the paper work to ensure it complies with your needs. Our knowledge of Critical Illness Policies and their benefits is second to none, speak to us today about this very complicated area of personal finance.

It is important to remember that your mortgage is likely to be the biggest financial commitment you ever make, so you should carefully consider which kinds of cover you need.

Contact us today and we will explain in detail all the benefits of mortgage life cover, and other mortgage related insurances. We will then show how much it would cost with different insurers, so that you can make an informed decision as to what level of cover best suits your situation.

We would also always recommend that you always seek Inheritance Tax Planning advice regarding any life insurance policy that you set up. We can help you with this, just call us or fill out our Enquiry Form now.

Read more in the Inheritance Tax section or the Trust section.

A critical illness protection policy is one that will pay out a lump sum. This is paid if you are diagnosed with what is considered a critical illness. A critical illness must meet critical illness insurance minimmum guidelines before it is paid out.  We can explain to you what conditions and diseases are covered. There are many policies that cover a large number of illnesses and critical conditions, we can help you find them. One thing to you should consider is family history as this can have a bearing on whether an insurance company will insure you or not.

At Mortgage Masters we know the restrictions of critical illness protection policies. You won't get caught in a situation where pre-existing conditions aren’t covered because we will go through a very detailed lifestyle and health questionairre with you. You should be aware that tere can be restrictions against high-risk jobs.  If you are a smoker, you will probably have to pay higher premiums than a non-smoker may.  Another thing that a person should check out when it comes to term critical illness cover protection is the premiums that will come with the policy.  Many premiums are reviewable or variable.  These premiums can start low, but end up gong up through the life of the policy. If you choose a guaranteed premium, it will stay the same through the life of your policy.  We can advise on which is the most suitable for your circustances. Call now on 01865 744299 or complete our Enquiry Form.

There are many ways to protect your income and even more providers. The danger is that faced with too many income protection insurance suppliers, each offering different income protection insurance deals for different lengths of time at vastly different rates, too many people put off taking this essential action. We recognise the problem and whatever your situation we can tailor your benefit to suit your individual income protection insurance needs. Don't put it off any longer, call us today on 01865 744299.