Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

Renters, don't forget income protection

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A study from Aviva found that while 36% of UK households live in recented accommodation (up from 31% in 2007) just 3% of them have income protection cover, leaving millions of people vulnerable, don't let this happen to you.

Short term policies

This type of policy, sometimes referred to as accident, sickness and unemployment insurance (ASU) is designed to pay out a monthly income for one or two years. It covers a percentage of your monthly income to help you pay bills. If you claim on your policy, there is a waiting period before it starts to pay out, you can choose how long you want this to be when you take the policy out. This is usually referred to as the 'deferred period' and can be from a few days up to two years. The longer the deferred period, the lower the premiums are likely to be.

Long term policies

These provide a regular income if you are unable to work due to illness or disability (but not if you are made redundant? until you are well enough to return to work or until you reach the end of the policy term, or die. Here, the premiums are likely to be higher because they cover a wider range of illnesses, including debiliating strokes and heart attacks not usually covered by short-term policies.

 

Income protection plans are designed to offer peace of mind for those who are working (self employed or employed) and can be a helping hand when financial planning. These types of plans can be adapted to meet your individual circumstances and needs as well as fit with any other protection plans you may have already.

 

As with all insurance policies, conditions and exclusions will apply

 

 We can help you!

If you would like more information or help with your mortgage please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at info@simmondsmortgage.co.uk

 

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Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.


What our Customers Say...

Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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