Life Insurance is there to cover you and your family should the worst happen. A life insurance policy will pay out a lump sum of money to your loved ones which can be used to pay off a mortgage or other debts if you are no longer there
Critical Illness Cover will pay out a lump sum of money if you were to be diagnosed with a critical illness. Unlike life insurance which would only pay out if you were to pass away, critical illness cover will pay out if you are diagnosed with a critical illness which is not necessarily terminal. The money would generally be used to pay off your mortgage or other debts, however it can be used for any reason you need, such as medical expenses so you can put your full focus on recovery rather than worrying about finances. The most claimed on conditions are Cancer, Heart Attack and Stroke. Critical illness cover can also include cover for your children.
Income Protection, also known as Permanent Health Insurance, will pay you a monthly income if you are unable to work due to accident, sickness or injury. Income protection is particularly relevant for self employed people who will not have the safety net of work place sick pay. Income protection is also a great policy for employees to have as it will replace your income once your work place sick pay ends.
Family Income Benefit, much like life insurance, will pay out if you were to pass away. Unlike life insurance, family income benefit will pay out a regular income to your family in the event of your death rather than one lump sum. This is an excellent policy to look after your families long term financial interests should the unexpected happen.
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Hoults Yard, Walker Road, Newcastle Upon Tyne, England NE6 2HL, United Kingdom
09:00 – 17:00
We can be flexible so if you need to speak to us outside our standard opening hours just let us know.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
A fee may be applicable depending on your circumstances and the complexity of your requirements, any costs will be agreed at the earliest opportunity.
The Financial Conduct Authority does not regulate all Buy to Let Mortgages.
The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
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Registered in England and Wales Company No. 13011230. FCA Number: 954748
Northern Standard Mortgages LTD is an Appointed Representative of Primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority.