MORTGAGES – Mortgage Protection

These are a few different ways of protecting your monthly mortgage payment and your property, if the unexpected should happen.

Life Assurance
A decreasing term assurance designed to provide a guaranteed benefit on death or earlier diagnosis of a terminal illness. It is intended to cover Capital & Interest mortgages. Can be combined with Critical Illness cover.

Mortgage Protection Plans are a decreasing term assurance where the level of cover reduces over the term of the plan by a pre-set amount. This makes it ideal for use with a Capital & Interest (or repayment) mortgage where the mortgage amount reduces over the term of the contract. The reducing amount of cover usually means that the cost of this type of plan is lower than those with a level benefit.

Accident, Sickness & Unemployment
Accident sickness and unemployment insurance is designed to protect you if you are ever unable to work due to an accident, illness or involuntary redundancy.

Accident sickness and unemployment insurance covers not only your major credit agreements like your mortgage, credit cards or loan repayments, but also any other regular bill you wish to add such as your gas or electricity bill or even your telephone bill. With our accident sickness and unemployment insurance you decide how much cover you want. You can cover a maximum of £1,500 (up to a % of your income) and payments are made directly to you – tax free.

Buildings & Contents Insurance
With the backing of some of the UK leading insurance companies, we have an unrivalled portfolio of insurance products available. Whether you've just started looking or already own, we can help you buy, protect and maintain your home.

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Income Protection
What would you do if you could not work due to accident or ill health? If you had a reduced income, how would you pay your mortgage?

What if you fell from a ladder and injured your back and were unable to go to work on Monday?

How generous would your employer be or, worse still, what protection would you have if you were self employed?

We all hope it will never happen but sadly, thousands of people are incapacitated unexpectedly who thought that it would never happen to them. Income Protection Insurance will pay you a liveable wage in the event of you being unable to work due to accident or sickness. Premiums are calculated on your occupation and benefit required you can normally specify up to 65% of your gross salary.

To talk to one of our advisors, call 0800 3893345 or email info@city-financial.co.uk