Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

'Titantic' payouts after 1912 disaster

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According to news sources, a total of $3,464,111 was paid out to grieving families after the 'unsinkable' Titanic hit an iceberg in 1912.

The beneficiaries of businessman John B. Thayer were awarded a $120,000 accident insurance payout (around $3.2m today), while his wife recieved a $50,000 life insurance payout ($1.3m today).

Meanwhile, the family of Herbert.F Chaffee recieved a staggering $146,750 on his life insurance policy. Worth around $3.9m in today's money, it was the largest payout of all those who died.

Just as nobody expected the Titanic to capsize, recent events have shown that things still happen today that take us by surprise - proving that life insurance is still as necessary now as it was in 1912.

As with all life insurance policies, conditions and exclusions will apply.

 

Let us help!

We can also help your home purchase get underway by helping you to find the most suitable mortgage

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

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

 

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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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