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Mortgage Cover
Life Insurance
Family is important; that’s why it’s best to get expert advice to help protect what matters, when it matters!
Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away.
Cover is usually on a level or decreasing basis.
Level Term Assurance
This will give you the same amount of cover throughout the life of the policy and will pay out that amount if you make a successful claim.
Decreasing Term Assurance
This is sometimes known as Mortgage Term Assurance – and will decrease over the term, usually to match your decreasing mortgage amount and pay out the current amount when a successful claim is made.
Family Income Benefit
This is a Life Assurance plan that pays a tax-free monthly income rather than a lump sum. This makes it easier to pay for the monthly costs of running your household and covering school fees.
Our expert advisors can help you find the plan that best meets your requirements.
Critical Illness
A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.
This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. In the event of your diagnosis, money paid out from a Critical Illness policy could be used to help maintain your standard of living, pay off your mortgage and, if needed, pay for private healthcare.
The quality of cover and the illnesses covered can vary significantly between different providers.
Our expert advisors can help you find the plan that best meets your requirements.
Income Protection
We all insure our cars and homes but we don’t always look after what pays for it all: our earnings.
An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).
This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.
Mortgage Payment Protection
A Mortgage Payment Protection plan is designed to ensure that you are able to continue to make your mortgage (and other related expenditure) payments in the event of accident, sickness or unemployment. These plans usually pay benefits for up to two years.
You should think carefully about how you would cover your monthly mortgage payments and other outgoings if you couldn’t work.
Our expert advisors can help you find the plan that best meets your requirements.
Client's View
“Garry has been my trusted advisor for some time and has consistently provided sound, timely and impartial advice. I have recommended IMS to friends and colleagues and the feedback has always been superb. IMS provide first class advice and I would urge anyone looking for assistance in navigating the mortgage market to retain their services.”
S Al-Mukhtar
“We have been referring clients to Adam Wilson at Independent Mortgage Solutions for some years now. Our client experience is central to everything we do and so it is very important that any company we refer our clients to adopt the same honest and transparent approach to providing advice. They have proved themselves very capable and knowledgeable in tandem with offering efficient and personal service. I would not hesitate to recommend their services to anyone looking for clear and impartial advice.”
J Batchelar Director – Chartered Financial Advisor NSL Wealth
“I can’t speak highly enough about the service l have received from Tom at IMS. It is everything you want, excellent mortgage rates, knowledgeable advice and an application process that is stress free, seamless and easy. I was in great hands all along the way. Great company to deal with, nice with it too.”
N Hall
“The service and personal attention I received from Darren was first class. He went above and beyond what I was expecting not only making sure my mortgage was competitive but also my mortgage was fully protected with a personally designed protection portfolio to protect me and my family. I would not hesitate to recommend Darren to my friends and family.”
P Powell
Contact us for more information
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020 8421 5811
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