LIFE INSURANCE
PROTECTING THOSE AROUND YOU
INSURANCE FOR THE COST OF A FEW COFFEES!
BEFORE YOU KNOW IT, THE ODD LITTLE TREAT, LIKE YOUR FAVOURITE COFFEE, CAN SOON BECOME A DAILY ROUTINE.
For the price of 4 cups of coffee each month, you could get over £26,000 of life or critical illness cover. So cutting back could be the pick-me-up your whole family needs when times are difficult.
* Source Royal London
Taking out life insurance is often one of those things almost everyone needs but often don’t get around to taking it out.
Life insurance can be surprisingly inexpensive especially when you compare it to insuring your beloved pet against those dreaded vet bills. If you die during the period a mortgage, your family and loved ones could inherit your debts.
Term life insurance policies run for a fixed period of time (known as the ‘term’ of your policy) – such as 25 or 35 years.
These kinds of policies only pay out if you die during the policy. There’s no lump sum payable at the end of the policy term.
You wouldn’t want to make your immediate family responsible for your debts. But when you do not take out life insurance to cover your mortgage, that is essentially the reality. Whether its insuring your family can stay in their home or avoiding your parents having to service a debt, life insurance is always worth considering and may surprise you how little it can cost.
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IMPORTANT! YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE.
Discovery Mortgage Services Limited is an Appointed Representative of JLM Mortgage Network Ltd, which is authorised and regulated by the Financial Conduct Authority. Registration numbers 832392 and 300629. Further details may be found by visiting www.fca.org.uk. Discovery Mortgage Services Limited registered in England No 11761503, registered address 1 Giles Road, Wendover, Buckinghamshire HP22 5HE
Our minimum fee is £595 however we will be paid a commission by the lenders and in many cases this will cover our minimum fee. This fee is chargeable on issue of a successful mortgage offer. If you do not proceed with a mortgage that has gone to offer, the £595 fee will be charged. Under some circumstances, for more complex cases, we may need to charge a £595 fee as well as receiving commission by the lender. For highly complex cases a maximum of 1% of the mortgage could be charged as a fee. Where fees are applicable you will be fully informed before an application is submitted. No fees are charged for an application that does not complete to a mortgage offer.