A brief explanation of the main types of insurances:
Life Insurance - Life insurance is designed to pay a lump sum in the event of your death. This can then be used to repay a Mortgage debt or be used to go to your family. Life insurance provides peace of mind and you can rest assured you know your family will be taken care of after you're gone.
Critical Illness - Critical illness cover is designed to pay a lump sum if you are diagnosed with a critical illness such as some forms of cancer, heart disease, multiple sclerosis etc. If diagnosed with a critical illness such as this you will typically be unable to work. Critical illness cover repays the Mortgage debt to ensure you keep a roof over your head at a difficult time.
Income Protection - Income protection policies pay a set amount of money each month if you are unable to work due to illness or injury. The payments are set at a chosen value and will continue for a set period of time typically 12 - 24 months. Some policies can even pay out until you reach retirement age.
Buildings & Contents - Buildings & contents policies protect your home against fire, flood, storm, burglary, malicious damage etc. You can also include accidental damage for spilled wine or paint on the carpet and even home emergency cover for burst pipes and electrical problems.
At Applebuy Mortgages we only recommend highly respected companies with 5 star defaqto rated cover so you can relax knowing you're in safe hands.
Life Insurance - Life insurance is designed to pay a lump sum in the event of your death. This can then be used to repay a Mortgage debt or be used to go to your family. Life insurance provides peace of mind and you can rest assured you know your family will be taken care of after you're gone.
Critical Illness - Critical illness cover is designed to pay a lump sum if you are diagnosed with a critical illness such as some forms of cancer, heart disease, multiple sclerosis etc. If diagnosed with a critical illness such as this you will typically be unable to work. Critical illness cover repays the Mortgage debt to ensure you keep a roof over your head at a difficult time.
Income Protection - Income protection policies pay a set amount of money each month if you are unable to work due to illness or injury. The payments are set at a chosen value and will continue for a set period of time typically 12 - 24 months. Some policies can even pay out until you reach retirement age.
Buildings & Contents - Buildings & contents policies protect your home against fire, flood, storm, burglary, malicious damage etc. You can also include accidental damage for spilled wine or paint on the carpet and even home emergency cover for burst pipes and electrical problems.
At Applebuy Mortgages we only recommend highly respected companies with 5 star defaqto rated cover so you can relax knowing you're in safe hands.
