Sometimes, life just happens...
Things can change at any time. You can't predict the future, but we're here to help you prepare for it.
Protection comes in all shapes and sizes. To forget a mortgage, buildings insurance is a must, but you should think about the other types too. Things like life insurance and income protection help keep you and your family covered from whatever's round the corner.
Types of protection
There're loads of different policies out there for all kinds of different people and situations.
Life insurance
By taking out a life insurance plan alongside your mortgage your loved ones will be paid a lump sum in the event of your death.
Income protection
If you get ill or injured and can't work, income protection will pay in regular, tax-free instalments until you can work again.
Critical illness cover
If you're diagnosed with a critical illness and can't work, critical illness cover will pay you a tax-free lump sum to help pay off your mortgage.
Buildings and contents insurance
If unexpected events, like fire or flood, damage your property and things inside it, buildings and content insurnace helps to cover the cost of repair.
Family income benefit
If you pass away or are diagnosed with a terminal illness, family income benefit will provide your family with a regular, tax-free monthly income.
Landlord protection
Landlord protection is designed to keep your rental income and mortgage covered if life takes a bit of an unexpected turn.
Book in for a review
Our protection advisers are trained to help you find policies that are right for you and your family.
Make sure to bring proof of identity and paperwork for any current policies, and a list of questions you'd like the answer to.
How at risk are your finances?
Use our risk assessment tool to see how protected you are, in case of the unexpected.
Your Financial Risk Assessment
Financial risk is how likely you are to experience life-altering setbacks that would otherwise have a significant financial impact.
Imagine your protection coverage as a safety net that protects you from bumps in the road; such as medical expenses or loss of income - without derailing you and your family’s future.
This is a provisional assessment of the types of protection you may have. It does not factor in the payouts of any protection policies you may have and whether these will be enough to meet your needs.
Something to bear in mind...
For insurance business we offer products from a range of insurers.
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All the answers in one place
Buying a house is a big investment, so you should get the right protection to match. Our downloadable guide is packed with info about the different types of insurance, how you pay into them and how they pay out.
Three big questions
We speak to people about protection every day. These are the three questions we're asked all the time.
The only insurance you legally need for a mortgage is buildings insurance, but that only covers the structural parts, like walls, floors and roof. So you should look into contents insurance too, if you want to protect what's inside it.
You don't legally need life insurance, critical illness cover or income protection to get a mortgage but it's a good idea. A mortgage is probably the biggest financial commitment you'll ever make, so it makes sense to look after your investment, especially if you have people who rely on your income to pay it off.
This is where protection comes in handy, as some policies cover redundancy .
One of our mortgage advisers can help guide you through your options, including a mortgage payment holiday and Support for Mortgage Interest (SMI).
It depends on whether your family can keep repaying the mortgage without your income or not.
If you have life insurance , it can help make sure your family can stay in their home, as well as maintain their current lifestyle, even after you pass away.