Let us have your contact details and we'll call when it suits you.
We'll contact you and ask some questions about your circumstances. We'll give you all the advice and help you need and then recommend the best mortgage for you.
Jargon buster (Life Insurance)
What's the difference between life assurance and life insurance?
Life Insurance is used to cover you in case something happens e.g. you might die within the term of your Life insurance policy. Life assurance is used to cover an event that will definitely happen e.g. a whole of life assurance policy is designed to pay out when you die.
Commission
The amount of money that the insurer will pay to the company that introduced the policy.
Convertible term assurance
Gives you the option of converting your term policy to a whole of life policy.
Critical Illness Cover
Will pay if you are diagnosed with one of the specified critical illnesses- These can vary from provider to provider.
Decreasing Term Assurance
This is recommended for Repayment Mortgages or Loans as the sum assured will decrease alongside the outstanding balance.
Declarations
Customer signs to confirm all details are correct and that everything has been declared.
Endowment
A plan which monthly premiums are paid into and the sum assured is paid out at the end of the term or on the earlier death of the life/lives assured.
Exclusions
Items that will not be covered by the policy, such as any existing medical conditions.
Family Income Benefit
This is paid on the death of the main income earner - it can be used to pay everyday bills and expenses.
Income protection
Pays a monthly income if you are unable to work due to accident or illness or unemployment for certain term - different amounts are available dependant on the provider.
Increasing term assurance
The sum assured increases every year, usually in line with the Retail Price Index or named amount - your monthly premium will also increase at the same rate.
Joint Life Second Death
The policy is in 2 names and pays out on the 2nd death. Joint policies usually pay out on the first death but this one can be set up to pay out when the second policy holder dies.
Level Term Assurance
The sum assured will remain level for the whole of the policy term - usually recommended for Interest Only Mortgages.
Mortgage Life Insurance
Insurance to cover your outstanding mortgage if you die within the term of the policy.
Mortgage Payment Protection Insurance
Covers your monthly mortgage payments, and possibly a lump sum, in the event of accident, sickness and/or unemployment.
Permanent health insurance
See income protection.
Plan charge
The cost of the administration on the policy, this will normally be included in the monthly premium at a flat rate.
Policy on risk
This is the start date of the policy, from when the client is covered.
Premium
The amount you pay every month by direct debit - some companies will also accept an annual payment, which can be a more cost effective option.
Retail Price Index
This is a measure as to how much the cost of living has increased or decreased over a set period.
Reviewable payments
Policy payments can be reviewed when client circumstances change or a set intervals.
Term
The number of years you choose for the policy to run.
Terminal Illness Cover
Automatically included with some policies - means that your life policy will pay out before you die if the life insurance company have medical evidence that you are expected not to live for 12 months. It will not apply during the last 18 months of the policy.
Underwriting
The insurance company examines the risk of the policy holder and decides whether they can be insured, and if so for how much.
Waiver/payment cover
The insurance provider will not collect the premiums whilst keeping the policy in force if the policyholder becomes unable to work because of an accident or injury.
Whole of Life Assurance
Life assurance to cover you for the whole of your life- payable when you die.