Status House Finances

Life Insurance

Taking on a mortgage is a major financial commitment and you need to ensure that it is repaid in the event of your death, or that payments can continue during a period of incapacity or temporary unemployment.

We offer advice on life insurance and critical illness insurance which is designed to give you peace of mind. For example:

Should you die - life insurance designed to pay out a lump sum and/ or an income in the event of death which may be used to repay a mortgage and/ or other debts.

Should you become ill - critical illness insurance is designed to pay out a lump sum (and certain other specified events in some policies) which may be used to repay a mortgage and/ or other debts.

Income Protection and Critical Illness Insurance

We have all heard of critical illness insurance-usually because of a bad press regarding payout of a claim. However, thankfully things are a lot better now with companies priding themselves on their treatment of their customers. Critical illness cover pays out if you suffer from one of a list of illnesses and cannot work. Usually between 30 and 40 conditions are covered.

Income Protection is the ultimate (and the most expensive) and will replace your income should you have an accident or become sick. It will continue to pay out until the policy ceases and should you recover will still be there if you have a relapse (or another accident).

Payment protection (Accident, Sickness and/or Unemployment)

Insurance to provide money over the short term to help tied you over a temporary period when your earnings may be interrupted for specifies reasons.Insurance is normally based on an assessment of the health of the applicant is unlikely to cover previous or existing medical conditions. You should refer to policy documentation and seek advice in order to understand what the policy does and does not cover before making an application.

Buildings and Contents Insurance

In addition to life insurance, income protection and critical illness insurance it is essential to arrange insurance to cover the fabric of your home against fire, flood, storm and similar perils and we can arrange this for you.
Cover can be arranged for:

Building

Insurance designed to enable you to rebuild your home should it be damaged or destroyed by a range of events. This will also normally include your liability to others, as a home owner.

Contents

Insurance designed to enable you to replace your home contents should they be stolen, damaged or destroyed by a range of events. This will also normally include your liability to others, as a home occupier and a private citizen (other than as the user of a motor vehicle and other specialised activities (please ask for details).

Remember, even if you already have life insurance or critical illness insurance in place it doesn't follow that that what you have is correct for your current situation. You may now have children or be in a different relationship-these things happen! Remember my job is...

Putting you in a better position........

Call 0845 839 1090 (local rate)