Our Services

Life Assurance

Income Protection

Income Protection helps you maintain you and your family’s standard of living should illness or injury prevents you from working.

Income Protection Cover pays out a regular monthly benefit if you become unable to work for longer than the deferred period you selected, due to an illness or injury during the length of the cover and suffer a loss of earnings. The benefit will begin once the deferred period has expired and will continue to be paid for as long as the claim is valid.

Cover will be provided until the end of the cover period, no matter how many claims you make.

Your cover should be based on the level of your earnings before you became unable to work, however, because the benefits are tax free (under current tax rules) you do not need as much cover as your earnings. We will be able to provide you with advice.

Taxation depends on individual circumstances as well as tax law and HMRC practice which can change

Mortgage Advice

Mortgage Payment Protection Insurance

Mortgage Payment Protection Insurance helps ensure your mortgage payments and domestic bills can continue to be paid if you lose your income due to illness or injury.

Mortgage Payment Protection Insurance Cover is very similar to Income Protection Cover. The key difference is that Mortgage Payment Protection Insurance Cover is designed to help cover your regular mortgage payments, rather than replace your income.

It pays out a regular monthly benefit if you become unable to work for longer than the deferred period you select, due to an illness or injury during the length of cover and suffer a loss of earnings. The benefits will begin once the deferred period has expired and will continue to be paid for as long as the claim is valid, and as long as the mortgage is outstanding.

Cover will be provided until the end of the cover period, no matter how many claims you make.

Your cover will normally be based on the amount of your mortgage but you may want to also protect associated expenses, such as utility bills and council tax.

For Mortgage Payment Protection Insurance we usually offer products from a limited panel of providers

This payment protection insurance is optional. There are other providers of payment protection insurance and other products designed to protect you against loss of income.

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Critical Illness Cover

Should you be unfortunate enough to suffer a critical illness the last thing you need to be worrying about is money. You may lose your ability to earn an income or have extra expenditure to pay for medical treatment or home alterations.

You can choose level, increasing or decreasing cover. Critical Illness Cover can be a suitable plan for protecting a mortgage debt.

Critical Illness Insurance pays out a lump sum on the diagnosis of a specified critical illness.

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Life Cover

If your family or partner is financially dependent on you, then you can help ensure they are provided for when you are gone.

Life Cover pays out a lump sum if during the term of cover you die, or are diagnosed as suffering from a terminal illness which is expected to cause death within 12 or 18 months of diagnosis and before the cover is due to end.

The lump sum will be equal to the life cover and is payable only once – either on death or diagnosis of a terminal illness. The cover will then end. This applies whether one or two persons are covered.

You can choose level; increasing or decreasing cover and it can include or exclude Critical Illness Cover. Term Assurance can be a suitable plan for protecting a mortgage debt.

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Whole of Life cover

When someone dies they often leave their intended beneficiaries with many financial concerns such as funeral costs, inheritance tax and existing debts. If you are concerned about any of these financial worries when you die then you can ensure your loved ones are provided for when you are gone with a whole of life plan.

Should you be unfortunate enough to suffer a critical illness during your lifetime it can cause many financial difficulties. You may lose your ability to earn an income or have extra expenditure to pay for medical treatment or home alterations. You can help prevent financial hardship by providing yourself with whole-of-life Critical Illness and disability cover.

It is a flexible whole-of-life plan designed to pay a cash lump sum on either death or on diagnosis of a specified Critical Illness, or a combination of both whenever it occurs. Assuming you do not cancel the plan, it will last for the whole of your life.

You can choose single life, joint life first death or joint life last survivor. Your cover can be level or increasing to cover the effects of inflation.

For further information or for a quotation, please click enquiries@mcm-financial.com