Mortgage Broker | Good Life Mortgage

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Protection for When Life Happens

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Do I need Life Insurance?

Life insurance

If you financially support a partner, children, or aging parents, you need life insurance.

Life insurance pays out either a lump sum or regular payments on your death, giving your dependants financial support after you have gone.

The amount of money paid out depends on the level of cover you buy.

You decide how it is paid out and whether it will cover specific payments – such as mortgage or rent – or if it is to leave your family with an inheritance.

It can be easy to delay the big decisions in life but generally the longer you leave life insurance the more expensive it becomes.

I can refer you to one of my associates for a free protection consultation, so that you are protected for when "life happens".

It is recommended that your life insurance is reviewed regularly to reflect any changes in your circumstances, such as a new baby or a new mortgage.

Calculate how long you can maintain your lifestyle if you were to lose an income

If you were to lose your income today, how long do you think you could last for?

According to a report from Legal & General, the average household is just 24 days from the breadline – much less than the 90 days most people think they could last if they lost their income. Furthermore, the research shows that the average household needs savings of over £30,000 to be financially stable for a year.

How many days do you think you could last? There’s some great tools out there to help you find out – try the L&G Deadline to Breadline Calculator to see how long you can maintain your current lifestyle should the worst happen.

Shocked by the results? It needn’t be all doom and gloom – there are a wide range of protection products out there to assist, contact us and we will listen to your circumstances and share informed, practical advice and make a recommendation on how to protect you and your family against what life throws at you.

Please be aware that by clicking on to the following link you will be leaving www.goodlifemortgage.co.uk website. Please note that Good Life Mortgage nor HL Partnership Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Download the calculator here and check how long you may be able to maintain your lifestyle.

Availability and cost of cover is subject to criteria such as age, lifestyle, current health and medical history

Calculate how long you can mainatain your income if you wer to lose your income

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What is
Income Protection?

Income protection

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Income protection insurance pays you a regular income, "wage insurance", if you cannot work because of sickness or injury and continues until you return to paid work or you retire.

The amount of income you are allowed to claim will not replace the exact amount of money you were earning before you had to stop work. You will receive a percentage of your earnings every month, if you need to take time off work for health reasons, perhaps after an illness or injury.

Long term income protection, will pay out for as long as you need it if you cannot work on medical grounds, usually up to a

pre-determined age. This will be set when taking out the policy. I can refer you to one of my associates for a free protection consultation, so that you are protected for when "life happen."

Short term income protection can be a great solution, to making premiums more affordable. It provides cover for 12 or 24 months, depending on which policy is selected, each insurer has different terms and conditions. I can refer you to one of my associates for a free protection consultation, so that you are protected for when "life happens".

critical illness insurance

What is
Critical Illness insurance and what does it cover?

Critical Illness cover is an insurance policy that will pay out a lump sum if you suffer one of the serious illnesses listed under the policy.

The three most common Critical Illness claims are for:

Cancer
Heart attack
Stroke

As well as the above "big three" conditions, Critical Illness insurance covers typically between around 10 to more than 100 serious or critical illnesses. These will depend on your insurer.

Other common conditions covered include:

Multiple sclerosis
Permanent loss of vision/hearing
Loss of limbs
Motor Neurone Disease
Organ failure/transplant

Each insurer has their own definition of these illnesses, which effectively sets a threshold for how serious that illness must be before you can make a claim.

Do I need Critical Illness cover?

Generally, we are all living longer and sadly, statistics show that more people are getting Critical Illnesses.

Please be aware that by clicking on to the following link you will be leaving www.goodlifemortgage.co.uk website. Please note that Good Life Mortgage nor HL Partnership Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

Find out what life may have in store for you here on a link to a free risk reality calculator.

I can refer you to one of my associates for a free protection consultation, so that you are protected for when "life happens".

What is Family income benefit?

When "life happens" and things go wrong it can be exceedingly difficult financially. Family income benefit is a term insurance that will pay out to the beneficiary of your choice, a monthly income instead of a lump sum.

In the event of your death, life insurance would pay off your mortgage but there may be the impact of a lost income to the household. In short, family income benefit can provide a monthly income for bringing up your family.

I can refer you to one of my associates for a free protection consultation, so that you are protected for when "life happens".

Home insurance

Safeguard your home

Having the right insurance in place can save you many sleepless nights when it comes to your home and your finances, but with so many different policies out there, finding the right one for you can seem like navigating a minefield – with a danger you might be uninsured, or left-out-of-pocket should the worst happen.

Leave it to the experts – Help us find the right insurance for you, talking you through your exact circumstances and search the market for the right one to suit your every need. We cut out the jargon and help to give you the peace of mind you need – so you can get on and sleep easy. Contact us today.

Availability and cost of cover is subject to criteria such as age, lifestyle, current health and medical history.

What is the difference to using an online comparison site you may ask? Well you may wish to consider if an alternative policy includes the following benefits and cover:

No hidden compulsory excesses.
2 years no claim discount for first time buyers. On year 3 this goes to a 3 years no claims discount.
All credit is managed in house.
Alternative accommodation, for properties affected by flood or fire that are uninhabitable included. Consider how much it would cost you to rent alternative accommodation. Could you afford this on top of your commitments such as a mortgage, if it is not included in your policy.
Trace & access £5000 cover included.
According to Paymentshield, 22% of claims are for escape of water - average cost of escape of water claim is £5,900 including track and trace.
35% of claims are for accidental damage - average cost of accidental damage claim £633.
Storm damage, 12% of claims are for storm damage, £658 average cost of storm damage claims.
Contents cover includes loss of metered water and oil.
Optional extras: accidental damage to buildings, accidental damage to contents, Home Emergency cover, Legal expenses, and personal possession cover for outside of the home.
Please be aware that by clicking on to the following link you will be leaving www.goodlifemortgage.co.uk website. Please note that Good Life Mortgage nor HL Partnership Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.
Click here for Payment Shields information on - Cover for what customers really need.