Rather morbidly any conversation with a Mortgage Broker usually involves a question about whether you need life assurance to protect your mortgage in the event of death. However, in reality, the chance of a client actually dying during a mortgage term is small – they are in fact much more likely to suffer illness, accident or even a period of unemployment.
In light of the above, it is therefore these types of incident that should also be protected against rather than just dealing with the question of death. Whether this is for short-term cover for a maximum period of 12 months or if you require cover right up to retirement age there are policies that can be tailored to each client’s specific needs. There are even life insurance policies available that will reduce the monthly premium if you are a gym member and can evidence the maintaining of a level of fitness going forward.
If you would like to know more about such policies please contact me.
Alex Pangratiou worked for Limetree Financial Services until April 2012. Feel free to contact another member of our team for help or advice.