ENSURE PEACE OF MIND FOR YOUR HOME’S PROTECTION

Your home is your sanctuary, a place where you should feel safe and secure. But have you thought about how you would protect it in uncertain times?
 

INCOME PROTECTION

When purchasing a home with a mortgage, having a steady income is crucial. However, what if unforeseen circumstances, such as illness or injury, prevent you from working and earning that income?

Let's talk about how Income Protection could offer you a substitute income, ensuring you can still meet your mortgage payments and daily expenses.

Income protection:

• Helps protect you and your family

• Pays out a monthly tax-free income after an agreed waiting period

• Payments continue until the earlier of; your return to work, the end of the limited payment term, your cover ending or your death

• Can help you to pay your mortgage and other monthly commitments

• Could supplement your earnings if you were able to return to work part-time or in a lower-earning role

Consider this: A 35-year-old, non-smoking individual has a 1 in 3 chance of being off work for 2+ months before reaching 67*.

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CRITICAL ILLNESS COVER

Imagine just recovering from a heart attack—would you want to rush back to work to cover bills, or would you prefer time to fully recuperate? And if your child were to fall seriously ill, how would you balance hospital stays with earning an income? Critical Illness Cover isn't just for you; it protects your children too.

• Helps protect you and your family
• Pays out a tax-free lump sum on diagnosis of a listed critical illness
• Children’s cover included
• A tax-free lump sum could be used toward clearing or reducing your mortgage
• Option to upgrade cover to an extended list of conditions for an additional cost

LIFE INSURANCE

In the event of the worst-case scenario, you would want to ensure your loved ones can stay in the family home, even if you're not there. Life cover provides the means to make this possible and can be used to cover various expenses:

• Helps protect you and your family
• Pays out a tax-free lump sum if you die
• A tax-free lump sum could be used toward clearing or reducing your mortgage or other debts
• Can be combined with critical illness cover
• Making a will can help ensure the money gets to those it’s intended for

BUILDINGS INSURANCE

Mortgage lenders require property insurance on freehold properties. Could you manage to repair or replace your home in case of significant damage?

Policies can cover:

• Damage to the structure of your home
• Damage to garages and outbuildings
• Cost of alternative accommodation (including loss of rent)
• Replacement locks and keys
• Cover for matching items
• Liability protection for injuries or property damage

CONTENTS INSURANCE

Contents insurance protects your possessions in the home.  In some cases, it can also protect your possessions away from the home.

• Loss or damage to your contents
• Cover your garden, outbuildings and garden furniture
• Cover the cost of replacing any undamaged items in a set such as curtains, or dining chairs
• Replace spoiled food if your freezer breaks down or you accidentally turn the power off
• New for old replacements

*Source: ipipeline Limited – Correct for tax year 2024-25