The right insurance advice to protect you
Insurance is how we protect ourselves from the unforeseeable. We offer insurance advice on many different types of insurance. Please see the below covering exactly what we can advise on. Taking our advise insurance wise can be key to protecting yourself.
- Mortgage Protection Life Insurance – Protecting the mortgage placed on your home
- Buildings and contents insurance – Making sure your valuables and building are safe
- Family income benefit insurance – Keeping your family in the home with a household income in your absence
- Self employed sick pay – So you can focus on getting better by paying you a wage if you are off sick
- Key man cover – Your business can’t run without you, make sure you have this in place to safeguard your business
Looking at our advise insurance wise
As you can see from the above, there are a lot of options out there. From protecting your income all the way through to your family and property. So, what sort of protection do you need? This really depends on your circumstance. What we will do initially is a full fact find to assess your situation. Once we have all this information on you we can look for gaps where you aren’t protected. Having a mortgage with no insurance could be a simple gap that you might not think of. Whether that be your residential, buy to let, self build or commercial mortgage. They all need protecting. When it comes to remortgaging you might want to also consider adjusting the cover.
For examples sake let’s say you have a property with your wife and you were the main breadwinner in the marriage. You have an outstanding mortgage and you pass away, how is she expected to keep up the payments? It would be very hard to expect her to meet the financial needs of this whilst also grieving for your loss. This is an insurance gap in your financial situation that we would look to fill with the relevant product. Generally speaking, here we would advise on joint life insurance to cover the outstanding mortgage amount. This would mean that should you or your wife die, the mortgage would instantly be paid out in full.
You can play around with this and also look at critical illness cover which will, on top of covering you on death, also cover you as soon as you are diagnosed with a critical illness. Critical illness are different to each lender but they all have lists they abide by. See here Aegons list of illnesses they cover for an example. This is typically a lot more expensive than traditional life insurance as you still get paid regardless of whether or not you die.
Should I get covered?
This really depends on your situation…
To advise on insurance correctly, we need to know your full situation. Getting a full fact find completed is key to this process. Whether our advise on insurance is good for you depends so thoroughly on that. Do you need to protect a mortgage? Is it your family that need to be covered? Are you a first time buying couple with no protection on their contents? Or are you a business owner who wants to make sure his business is safe. It really depends person to person.
One thing about our advise insurance wise is that there is a great benefit to our clients, which is…
THAT IT IS TOTALLY FREE
Yes you heard it correctly, all insurance advise is FREE. We don’t charge fees to put these policies in place. From the moment we start a fact find through to the application process detailed below. There is no cost involved to you the client other than obviously the insurance premium with the insurer. We strongly recommend considering our advise insurance wise. Considering that there is no cost to yourself to consider it, it’s a no brainer. Protecting yourself and your family is important in this modern day. With insurance prices no more than a takeaway a month, they provide great financial well-being. We really advise looking at insurance thoroughly.
A recommendation followed by application
Once we have done a full analysis on your financial situation, we will advise insurance products that suit your needs. You can then review these with your relevant family or on your own and come back to us with what you see as the best insurance to cover your short falls. Once we have an agreement to go ahead we get you signed up and an application processed. We don’t charge a fee for insurance work.
Filling out an insurance application comes next. This is part of our insurance advise process. Applications are generally extensively long and we normally recommend either the insurer gets in touch with you directly or we run over the application with you on the phone, normally taking 30 minutes or so as they ask every question under the sun. This is to make sure that there aren’t any health conditions or situations that they’re missing. The insurer will then get their underwriters to look at this. After they’ve assessed it they will either give you an ok to have the policy or ask for a doctors certificate.
The doctors certificate is usually to prove you are in good health. This will normally only be required should you have a history of poor health or any history of conditions being passed down in your family. Once this is provided the lender may choose to alter their terms if they decide you are more risky than their traditional client.
After our our policies are in place & you have taken our advise insurance wise
Once this is all completed your product will be in place to protect you going forward. The peace of mind this supplies should way outweigh the minimal monthly payments you will be making. In this day and age you have access to some of the most comprehensive insurance that has ever been on offer at great prices.
It’s not only insurance that we take care of our clients. We also advise on an array of mortgages from a let to buy all the way through to equity release and everything in between. On top of this our financial advice also stretches to pensions and investments. We pride ourselves on being able to advise on everything. So it’s best to…
Contact us today for a FREE initial consultation to discuss the best insurance product available to suit your needs.
True Advice Financial Services is a trading style of TA and SE Hollom Ltd which is an Appointed Representative of New Leaf Distribution Ltd which is authorised and regulated by the Financial Conduct Authority : Number 460421.
Registered Office : 1st Floor Princess Caroline House, 1 High Street, Southend on Sea, Essex, SS1 1JE.