Life Insurance Chester
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- Life Assurance
Life Insurance is a policy that pays out a lump sum in the event of your death. A term Assurance policy is the common method used to protect the mortgage in the event of death occurring during the mortgage term and ensures the mortgage debt is repaid. Some lenders will insist that you take out a life assurance policy to cover the value of your mortgage other will say it is optional.
- Critical Illness insurance
Critical illness insurance will pay out a lump sum should you suffer a major/ critical illness such as heart attack or cancer. It also covers many other illnesses and different providers offer different levels of cover. The lump sum can be used to pay off the mortgage so that you don't have to worry about mortgage payments when you are suffering a critical illness.
- Permanent Health Insurance
This is type of insurance will pay a proportion of normal income in the event of you becoming unable to work because of accident, sickness or disability. It replaces a percentage of income rather than just the mortgage payment. Levels can be selected up to certain maximums. This policy can be arranged to pay income until you return to work or reach normal retirement age.
Uk Direct Mortgages can provide competitive quotes, so please email or phone for information. We can also provide quotations for all areas of general insurance.
Please phone 0845 387 0234 with your enquiries
or email enquiries@ukdirectmortgagesltd.co.uk
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