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It is not alarmist, but prudent to ask - 'What would happen if...?'
A mortgage protection plan could clear your mortgage liability, in the event of death, a heart attack, a stroke, or if you become critically ill.
We search the whole market to identify and recommend the best value plan available to you.
Even if your mortgage was paid off, your family would still need a lump sum or regular annual income to sustain them if the unthinkable happened.
Besides the trauma of loss, the financial pressure that can come when an income disappears is an added burden.
This can be avoided by sensible life assurance provision, which pays out a tax-free lump sum or on-going income.
Sometimes, in the event of long-term sickness, your employer will continue to pay your salary for a limited period, after which you have to rely on family, on the state, or on friends.
There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
If you are self-employed, and are diagnosed with a long-term illness, your financial need may be even more acute.
Income protection is an economic way of financially covering this eventuality and can provide up to 50% of your income, tax-free and in additional to state benefits.