Protection

Protection

At Maytree Mortgages we firmly believe that our clients need to understand all of the options when it comes to protecting against unexpected life events.

Its hard to imagine something happening to us but the reality is unexpected life changing events do happen. The best way to take any worry away is to arrange the most suitable protection plans that prevent you from suffering any financial hardship should the worst happen.

We cover our mobile phones which can easily be replaced, so why leave anything to chance when it comes to covering your mortgage debt, your income and your health.

Life Insurance:

Life insurance is designed to reassure you that your dependents, such as your children or a partner/spouse will be financially looked after in the event of your death.

The purpose of life insurance is to pay out a lump sum in the event of your death. Aside from covering the mortgage, you may wish to have your debts paid off, pay for school fees or further education or just have a lump sum paid out to support your family with the financial consequences of passing away.

The need for Life Insurance isn’t exclusive to homeowners with a mortgage. If you rent and have Children, you should consider taking out life insurance.

This isn’t a conversation anyone likes to have BUT the reality is we will all die at some point.

The things we ought to consider whether we have a mortgage and dependents, OR just rent BUT have dependents:

• Do you want to leave your children or partner in financial hardship?
• Do you want to make sure your debts are paid off?
• Do you want them to be able to easily remain in the home they live in?
• Do you want to ensure any school fees or university fees are taken care of?
  
  

We never expect to die when our children are young BUT what if?

The simple way to take the worry away is to explore taking out a life policy. Life cover isn’t as expensive as you think. My moto is something is better than at all.

We are here to help you understand how these policies work and explain the benefits of having some form of life insurance in place.

We are here to help so please feel free to contact us. As with everything we do there is ZERO obligation on your part.

You have nothing to lose by speaking to us and peace of mind to gain if you feel this is the type of policy you need.

Critical Illness Cover:

There is a strong chance you know someone who has been affected by a critical illness such as Cancer, Heart attack, Stroke, or other critical illnesses as specified by your provider. We never think it will happen to us BUT what if it does.

How would having to take a significant amount of time off work to undergo treatment affect your family finances?

Critical illness cover is designed to pay out a cash lump sum if you are diagnosed with certain specified illnesses.

Unfortunately, when it comes to the companies, we owe money to they will be sympathetic to a point, but they ultimately want to be paid what they are owed and on time.

Financial hardship doesn’t just impact your mortgage payments or rent. What about all the other things you regularly pay for each month like food, bills, general living and so on.

You may even want to consider using this to pay for private treatment.

Policies vary pending on the provider, so its important to understand the differences: Example, the number of illnesses cover, definitions and so on.

We are here to help so please feel free to contact us. As with everything we do there is ZERO obligation on your part.

You have nothing to lose by speaking to us and peace of mind to gain if you feel this is the type of policy you need.

Income Protection:

How would you pay the bill if you were unable to work due to injury or sickness?

If the unexpected was to happen, wouldn’t it be great if you had a policy in place to provide the following:

• A monthly income to help replace lost earnings due to illness or accidental injury
• Continued monthly income if you were able to return to work BUT on reduced capacity/salary
• Continued monthly income if you were unable to return to work ever again (subject to the type of policy taken/term)
  
  

Income protection is designed to typically protect up to 70% of your gross salary. There are varying levels of income protection policies form the ones that pay out the monthly benefit for a limited period up to those that pay out for the remaining term of the policy or retirement whichever comes sooner. So we can tailor this to suit your needs and budget.

You might have sick pay from your employer but for how long? What if you were off work for longer than your employer pays you sick pay? Would you be able to survive on state benefits? Currently statutory sick pay offers Employees £109.40 per week ( https://www.gov.uk/guidance/statutory-sick-pay-manually-calculate-your-employees-payments )

If you are self-employed then protecting your income is strongly advised as Statutory Sick Pay isn’t an option. There are other benefits you may be able to claim if you’re self-employed and unable to work. But why leave this to chance when you can take out a policy that takes the worry away.

We are here to talk thought all the options available to you and advise on the most suitable policy for you.

Health Insurance – Private Medical Insurance:

Private Medical insurance (PMI) will usually pick up the costs of most in-patient treatments such as surgery, tests, and day-patient surgery.

Policies can also extend to covering out-patient treatments, diagnostics, consultant fees as well as offering rehabilitation treatments like Physio, Counselling and so on.

We have access to a range of providers who can offer below and much more: (subject to the level of cover chosen)

• Access to quick diagnostics
• Access to treatment quickly… Flexibility on choosing a date, hospital, and preferred consultant.
• Ability to choose your preferred hospital (subject to level of cover chosen)
• Dedicated cancer support
• Cover the whole family.
• Not having to wait on the NHS waiting lists.
  
  

NHS waiting lists are always in the news and it’s rarely positive. A way of taking the worry away is to explore a private medical insurance policy. Why wait for the treatment you need when you don’t have to.