SERVICES

Life Assurance

The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.

It can provide the reassurance of financial protection for you, your family and your business associates.

A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.

Please be aware that this type of assurance is based on an assessment of the health of the applicant.

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General Insurance

This is an area of financial planning that is often overlooked but it is important for your peace of mind.

It enables you to minimise the effects of unexpected and often unwelcome future events, and helps you to organise your personal and business life with greater confidence.

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Critical Illness Insurance

It's when you need to make a claim that you realise just how wise investing in a critical illness policy can be.

Considering just how many lives are affected by critical illnesses such as heart disease, cancer and stroke, it is surprising that more people do not take out critical illness insurance.

The principle is straightforward; in the event of one or more of the specified illnesses being diagnosed, the insurance company will pay out a lump sum after a specified survival period. Often, critical illness cover is combined with other types of insurance and may even provide an investment element so that, for example, a given sum will be paid out on the death of the insured.

Note - Critical illness policies should be checked as only some forms of cancer, heart attack and stroke are covered by this type of insurance.

Income Protection Insurance

If you're unable to work because of illness or injury, Income Protection Insurance is designed to provide you with a regular tax-free monthly income.

The maximum amount of income you can replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy which provides all that you need it to do for you.

Family Protection and Insurance

At Prospect Mortage Brokers we know protection and insurance isn't an easy subject to think about. However, once sorted, insurance and protection is designed to give you peace of mind that you will have financial protection against unfortunate things that life could throw at you. Having the right cover could be the best investment you make.

There’s a wide range of different types of insurance and protection available. This includes life cover which pays a lump sum to your loved ones should you die, critical illness cover which pays you a lump sum if you’re diagnosed with certain critical illnesses, policies which will pay you an income if you’re unable to work due to an accident or sickness, and home insurance which is designed to protect your home and its contents.
 
As part of our service we can assess your individual circumstances and make sure you have the right cover for your individual needs, giving you peace of mind about the future.

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