Mortgage Protection
At Aviella Mortages we offer a range of Protection.
Reach out today for a free, no-obligation consultation, and let’s explore the best protection options for your needs.
We’re committed to finding the right cover, no matter your situation.
Buildings & Contents Insurance
What is it?
Buildings insurance protects the structure of your home (e.g., walls, roof, etc.), while contents insurance covers your personal belongings (e.g., furniture, electronics, etc.).
Who is it for?
Anyone who owns a property should consider buildings insurance (often required for mortgages). Contents insurance is optional but highly recommended for tenants or homeowners.
Key Benefits:
Covers repair costs from damage like fire, flood, or burglary
Helps you recover quickly after an unfortunate event.
Income Protection
What is it?
Income protection provides a monthly income if you’re unable to work due to illness or injury. The payout can cover your essential expenses, such as your mortgage or living costs, while you’re off work.
Who is it for?
Income protection is designed for anyone who relies on their income to pay bills, including self-employed individuals.
Key Benefits:
Provides financial support if you can’t work due to illness or injury
Flexible terms, with options for the waiting period and amount of cover Protects essential expenses like mortgages, rent, and living costs.
Critical Illness
What is it?
Critical illness insurance provides a lump sum payout if you’re diagnosed with a specified illness, such as cancer, heart attack, or stroke. It can be purchased as a standalone policy or added to your life insurance plan.
Who is it for?
This plan is suited for individuals or families who want financial protection in case of a serious illness. The payout can help cover medical costs, lost income, or necessary home modifications.
Key Benefits:
Covers conditions like cancer, heart attack, stroke, and more
Helps with medical expenses and loss of income
Coverage can be tailored to your needs.
Life Insurance
What is it?
A term life insurance plan provides coverage for a fixed period (e.g., 10, 20, or 30 years). It pays out a lump sum if you pass away during the policy term.
Who is it for?
Term life insurance is ideal for anyone wanting to leave a financial safety net for their family or dependents without breaking the bank. It’s especially valuable if you have dependents or a mortgage.
Key Benefits:
Affordable and cost-effective
Provides peace of mind, knowing your loved ones are financially protectedFlexible, allowing you to choose the length of coverage.
Family Income Benefit (FIB)
What is it?
FIB is a type of life insurance that pays out a regular monthly income to your family if you pass away or are diagnosed with a terminal illness, instead of a lump sum.
Who is it for?
FIB is ideal for families, especially those with young children, who need a regular income to maintain their lifestyle if the primary earner passes away.
Key Benefits:
Provides a guaranteed monthly income for your family
More affordable than lump sum life insurance
Tax-free payments that help cover living expenses and bills.
Whole Life Insurance
What is it?
Whole life insurance provides lifetime coverage and pays out a lump sum upon death, no matter when it occurs.
Who is it for?
This type of policy is best for those looking for lifelong coverage and wishing to leave a guaranteed inheritance or legacy for their beneficiaries.
Key Benefits:
Lifetime coverage as long as you keep up with the premiums
Provides financial security for loved ones
Some policies build cash value over time that can be borrowed against.
Choosing the Right Protection Plan
When considering life and protection insurance, it’s important to assess your personal and financial situation. Different plans offer different types of coverage, and the amount of protection you need will vary depending on your circumstances. If you’re unsure about which options best suit your needs, it’s always a good idea to seek professional advice, at Aviella Mortgages we can:
- Assess your financial needs
- Understand which plans are best suited for you
- Compare policies to find you the most suitable cover
- Give you clear and jargon free advice
Whether you’re considering life insurance, critical illness cover, or income protection, we’re here to help. If you’ve been turned down in the past due to medical issues, don’t worry we may still be able to find a suitable option for you.
