Insurance
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insurance services
Complete Insurance Solutions
“We started looking for insurance with little knowledge but paula talked us through the whole process giving us enough information to help us make an informed decision”.
How would you cope if you weren't paid for one month? for two months? or worse still, even longer?
What things could happen to you that might stop you receiving an income.
- An accident
- An illness
- Unemployment
- and even death
Unfortunately, none of us know exactly when any of these might happen to us, so it makes sense to protect our financial security in case they do.
There are so many policies to choose from, some pay monthly income, some pay lump sums, some cover accidents, some don’t. Some cover a huge list of conditions, some cover the most common – heart attack, stroke, cancer and MS. Policies often come with the option of ‘bolt ons’ to increase the cover as well as added value services like guaranteed GP appointments, telephone counselling, access to therapies and even a second opinion from a consultant if you’re unhappy with a diagnosis you’ve been given.
There are policies to help:
- Pay off your mortgage if you or your partner die or suffer from a critical illness
- Provide monthly income if you can’t work or if your partner dies
- Make a cash payout if you suffer from a fracture
- Provide a lump sum to support you if you’re diagnosed with a serious illness
An hour spent pulling together a personalised plan giving you the right blend of cover could be the best hour you spend this year.
Income Protection
The diagnosis of a serious, or even critical illness will have a major impact on you and your family, but it could also have devastating consequences for your finances. Paula Cook can act as your insurance adviser to help you make sure that money troubles are taken out of the equation with suitable life and critical illness cover.
Income protection – is designed to pay out a regular income to cover your essential outgoings, such as a mortgage and other bills, in the event that you are unable to work due to illness or injury.
Have you considered if you were to have an accident or become ill, what effect would this have on your income? How long will your employer pay you sick pay? Are you Self-Employed, if so there will be no sick pay at all – have you considered how this loss of income would impact your family?
Although we do not want to think the worst will happen and it is not a pleasant conversation to have or think about, but you’re more likely to need to claim on an income protection policy than your life insurance.
Income protection is a very important product and one that we urge every client to consider carefully. Income protection will pay you a monthly sum to help you cover your mortgage payments, bills, and other household costs if you are unable to work. We can tailor the plan to start paying out once your employer’s sick pay reduces to the basic rate, set the amount you need for your individual circumstances, and decide how long you want the income to continue.
Life Insurance
Life Insurance will pay out a sum on death or the diagnosis of a terminal illness.
Life insurance pays a lump sum to your partner or dependents if you were to die during the term of the policy. This can be used to pay off the existing mortgage or to leave something for your family on your death.
There are different forms of life cover, which is why it is better to speak to us to guide you through your options. There is decreasing life protection that as your mortgage term goes down, so does the level of cover. Level cover is the same amount paid out if you need it after 2 years or 25 years. Therefore it is important to speak with Paula Cook Mortgage Broker so you can buy the product that suits your situation best.
It’s worth thinking about what will happen to your family should you or your partner die, how will the mortgage be paid off so your family can carry on living in the property? Life insurance is so important for your family to pay off the mortgage should the worst happen.
Don’t worry if you have pre-existing medical conditions, I know a lot of people worry about getting life insurance if they have pre-existing medical conditions, speak to Paula Cook Mortgage Broker as we can explore what your best options are. In most cases, you can still get cover.
Critical illness
If you are diagnosed with a serious illness such as cancer, heart disease, stroke or multiple sclerosis a critical illness policy will pay out a tax-free, one-off payment.
Having critical illness insurance will help you adapt your life if you are diagnosed with a critical illness, it could replace your salary, help pay for lifestyle changes or even household adaptations e.g adapting your home for wheelchair access. Critical illness cover takes the pressure off, so you can focus on your treatment.
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INSURANCE
Family Income Benefit
Is designed to pay a regular income if you die.
Have you considered if the worst was to happen to you? how would your family continue to have the lifestyle they have now or how they would meet the day-to-day expenses? How would your family cope financially without your salary? You may already have decreasing life insurance but that will only cover the mortgage but, what about the ongoing bills?
Family income benefit is similar to life insurance, however, family income benefit pays a regular sum to your family if you were to pass away rather than a lump sum. It is very popular to take this kind of policy out in addition to the lump sum you typically receive from life insurance so that your family does not have to make major changes after your death.
Protection Policies
We can help you with fully independent, bespoke, holistic advice on protection for you and your loved ones.
Insurance is there for when you need it most. Still, many people struggle to decide what’s right for them and then put it off. So we’ll take the hassle out of finding the right insurance. We’re not tied to one provider or another. It means you’ll receive truly independent advice from people who have your best interests at heart.
There are policies to help:
- Pay off your mortgage if you or your partner die or suffer from a critical illness
- Provide monthly income if you can’t work or if your partner dies
- Make a cash payout if you suffer from a fracture
- Provide a lump sum to support you if you’re diagnosed with a serious illness
We can help you to put together a realistic plan that meets your needs.
overview
It doesn’t feel great to commit to monthly expenditure that you may never get back, especially when the monthly figure you spend on insurance could pay for a new phone, a bottle of rum, or a gym membership. That is until something happens. Then it’s amazing!
Imagine out of the blue, you’re off work ill and the doctors reckon you’re looking at up to two years off work, but no need to panic if you have an income protection policy, then the money is one less worry for you, you can concentrate on getting fit and well again. Recovering from a heart attack is much easier when you’re cushioned with a lump sum payout. Do you need the added worry about money when you have your health to worry about?
Getting protection right isn’t about signing up for any old policy. It’s about working out how to make the best of a situation if the worst happens. It’s about carefully weighing up your needs and your priorities.
According to Cancer Research UK, 1 in 2 people will get cancer. Scary I know! On the plus side, early detection and good care mean that survival rates are improving.
There are so many policies to choose from, some pay monthly income, some pay lump sums, some cover accidents, some don’t. Some cover a huge list of conditions, some cover the most common – heart attack, stroke, cancer, and MS. Policies often come with the option of ‘bolt ons’ to increase the cover as well as added value services like guaranteed GP appointments, telephone counselling, access to therapies and even a second opinion from a consultant if you’re unhappy with a diagnosis you’ve been given.
Support Area
An hour spent pulling together a personalised plan giving you the right blend of cover could be the best hour you spend this year.
We can go through all the relevant insurance options from:
- Life Insurance
- Critical Illness Cover
- Payment Protection Insurance
- Unemployment Cover
- Buildings & Contents Insurance
the numbers
Results you can measure
Smart Plans
Haven’t you got better things to do than talk to lenders?
Full Coverage
More than just mortgages, I am passionate about helping people.
Dedicated Team
I am here to help both during office hours and outside normal office hours.
contact
Get in Touch
Paula Cook Mortgage Broker Limited
Director Name: Paula Cook
Monday - Friday: 9:00 - 7:00
Saturday: 9:30 - 5:00
Sunday: 10:00 - 5:00
More than just mortgages and protection, I am passionate about helping people.
If you’d like to book your free consultation contact Paula Cook Mortgage Broker today.
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Paula Cook, trading as Paula Cook Mortgage Broker Limited, is an Appointed Representative of New Leaf Distribution Ltd which is authorised and regulated by the Financial Conduct Authority: FCA Number 460421