Is your family properly protected

The one thing we all have to face at sometime in our lives is the inevitable fact that we are going to die. As individuals we don't know when this event will take place so if we care about what happens to our loved ones we need to plan for this event to ensure that our demise is the only catastrophic event that they will have to deal with.

Life Assurance

Fortunately for a very low cost we can rest assured in the knowledge that whatever happens, whenever it occurs the only thing our family have to cope with is the tragic loss of a loved one.

At Heritage we highly recommend that you take out a Life Assurance policy to cover either your existing or new mortgage and to protect your family by ensuring that your surviving partner can to pay off the outstanding mortgage and to continue their lifestyle without the added financial burden imposed in the event of your demise.

You can choose to either have a Term Plan, where the sum assured remains the same throughout the whole term of the policy, or a Decreasing Term Plan, where the sum assured reduces in line with the outstanding amount of your mortgage each month.

Life Assurance

Pays as a lump Sum – to cover your mortgage, pays out of death. This decreases in line with your mortgage so will clear this entirely if the worst was to happen and would leave the remaining party mortgage free.

Critical Illness

Pays as lump sum if you are diagnosed with a critical illness such as cancer, heart disease etc. This can be helpful for medical treatment or to cover living costs such as the mortgage and bills.

The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key Features and Policy Documents.

Income Protection

Pays as monthly income if you are unable to work due to accident or illness. This kicks in after your work sick pay ends and ceases at return to work or retirement, whichever is sooner. This can be helpful to cover your bills and living costs if you aren’t able to work. The most common reasons for claim are back pain and mental health issues, such as stress, anxiety, and depression.

Family income benefit

Pays as monthly income if you diagnosed with a Critical illness or if you were to unfortunately die. This would be suitable for families that would prefer a regular monthly benefit, rather than a one-off lump sum.

Term Assurance automatically includes:

Terminal Illness Cover – the sum assured will be paid out if the Life Assured is diagnosed as suffering from a terminal illness and is eligible to claim (for example when life expectancy is less than 12 months). This does not apply to the last 18 months of the term of your plan.

Premiums can start as low as £5 per month, dependant on age/gender/smoker/non-smoker/medical conditions. Cover can also be obtained for a maximum term of 40 years, up to your 80th birthday.

You don’t have to take out a mortgage with us to benefit from our highly competitive insurance deals. We will be happy to help you find the right life assurance deal to suit your individual requirements. You can get a free initial meeting/consultation by calling today on 01483 531025 or email them at admin@heritageima.com leaving your contact number and we will call you back.

Life Cover (non-investment) and income protection-The plan will have no cash value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse.