Life insurance protects your dependents in the worst case scenario; that you pass away.
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.
If you pass away before your mortgage is repaid, the responsibility will fall onto your loved ones. Having life insurance ensures those you leave behind are able to fulfil financial commitments; such as a mortgage.
Having a child is expensive, even before factoring in costs such as education… By having a life insurance policy in place, it allows you to have peace of mind that they would be OK if something were to happen to you.
If you’re married, chances are most of your financial commitments become shared. Having a life insurance policy enables you to continue to provide for your partner, even after you’re gone.
At KH Mortgages we listen to what you need and will recommend based on your own individual circumstances. There’s a lot to consider when putting a protection policy in place and certain criteria to meet; so by using us and our expert advice – you can be sure that you have the best policy in place.
If you’re ready to get a protection policy in place, the only next step is to book an appointment and speak to us about your needs.
KH Mortgages is a trading name of Yorkshire Financial Consultancy Ltd who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited. First Complete Limited is authorised and regulated by the Financial Conduct Authority.
Yorkshire Financial Consultancy Ltd registered in England & Wales (04121853). Registered address; 37 Commercial Street, Morley, Leeds, LS27 8HN.
Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority.
A mortgage fee payable is dependent on the complexity of the case and will be agreed at the outset. A fee of up to 1% of the loan amount is payable, for example on a £100,000 mortgage a 1% fee would equate to £1,000. A typical fee is £299 and is payable at the outset or on the issue of an offer of the mortgage.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.
