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Planning Ahead - What Do You Need To Protect?

It’s important to bear in mind what would happen to you or your loved ones if for any reason you become unable to pay your mortgage – and to be prepared in the best way possible. This is where our expert team are able to help you, by advising you on a range of insurance products and services – from Income Protection to Critical Illness, Family Income Benefit to Life Assurance – we advise you on the best policies to suit your specific requirements, lifestyle and budget. We also offer commercial insurance products for businesses throughout Belfast and Northern Ireland.

Life Insurance 
Life insurance gives you peace of mind that your loved ones will be provided for should you die. There are many different ways to arrange life cover and our advisors can help you find the most suitable deals available.

Life insurance ensures that in the event of death your mortgage will be repaid and the costs not passed on to your dependents or loved ones.

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Critical Illness Cover
Critical illness cover pays a cash lump sum on diagnosis of a specified critical illness and can be the solution to your financial worries at this time. For this relatively small cost, you could help your family cope for a while without income to pay household bills and debts. 

This type of cover will pay out a lump sum which could pay for other things like:

Private treatment
Prescribed drugs not available through the NHS
Changes to your home
Paying off all/part of your mortgage 

Only some forms of Cancer, heart attack and stroke are covered under critical illness insurance.

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Income Protection
This offers customers the security of knowing that their essential repayments will be made if anything happens. For example, if you are in an accident and are unable to work for a while, a lack of comprehensive income protection cover means you will rely solely on state benefit - around £70 per week - which is unlikely to be sufficient to meet your mortgage repayments. This is where income protection can help as it provides a tax free monthly payment until you are able to return back to work.


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Accident, Sickness & Unemployment Cover
Accident, sickness and unemployment cover can give you peace of mind knowing that in the event of redundancy or illness your mortgage payments will be made and your home will be safe.

Most standard mortgages do not have any protection insurance included, so it's important to decide what kind of separate cover you need. Accident, sickness and unemployment cover insures you against changes in your circumstances due to redundancy, disability, or illness.

Usually payments are made for up to a maximum of 12 months. If you would like to be covered for longer than this you may want to consider taking out income protection. 

For Accident Sickness and Unemployment Insurance our advisors usually offer products from a limited panel of providers.

*Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk 

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Derry Mortgage Centre offers advice and recommendation to clients regarding their Mortgage and Insurance enquiries. Derry Mortgage Centre can refer pension and investment enquiries but is unable to deal with these enquiries directly.