Life Insurance and Critical Illness cover

Protect yourself and your family. Life insurance to provide for your families and alleviate any financial worries at a difficult time.

There are several ways in which to protect yourself and your family in the event of an untimely death. Most people take out life insurance to provide for their families and alleviate any financial worries at a difficult time.

Level Term Assurance

Pays a lump sum in the event of death during the term of the policy. There is no investment element within a term assurance contract so at the end of the term there is no maturity value and life cover lapses. The benefit is paid tax free and premiums are usually monthly, and fixed throughout the term. Because the term and benefit are known from the outset, and there is no investment content, term assurance is a very cost-effective method of protection.

Decreasing Term Assurance

Similar to Level Term Assurance, but the benefit is set at outset and gradually decreases over the term of the policy. These policies can be used as cover for a repayment mortgage, or other loan where the amount of capital outstanding also decreases over time. Because the benefit reduces over time, the premiums are kept very low.

Family Income Benefit

This works the same as term assurance but instead of paying a lump sum upon death, it will pay a regular monthly tax free income in the event of death to your dependants up until the end of the term of the policy.

Critical Illness

Usually available as an addition to all term assurance plans but can be bought on a stand alone basis. Critical illness generally allows for the lump sum benefit to be paid also in the event of diagnosis of certain critical illnesses, such as Heart Attack, Stroke, Transplant, Blindness, Total & Permanent Disability and so on. Most providers conform to the Association of British Insurers standards for qualifying illnesses and it is important that you fully understand the terms of each illness.

We're here to help

Our promise to you. We will…

Come to you, at a time and place convenient for you

Shop around for the best deals for you

Ensure you understand everything

Liaise with lenders, solicitors, estate agents on your behalf

Help you complete all paperwork

Answer any queries and return all calls promptly

Provide you with a personal service, from start to finish

Contact you the next time you need our help

Mr Mortgages Logo
Paignton Office
The Milk Bottle
99 Torquay Road
Paignton
Devon TQ3 2SE

For parking use Churchward Road Car Park (Pay & Display)

Torquay Office
77 Babbacombe Road
Babbacombe
Torquay
Devon TQ1 3SR

office@mrmortgages.co.uk

Authorised and Regulated by the Financial Conduct Authority. Registered in England and Wales Company No. 5161473. Registered Office: Compton Holt Lodge, Compton, Paignton, Devon, TQ3 1TA. FCA Firm Number: 311509. Mr Mortgages is a trading name of Mark Rainey Mortgages Ltd.

TMA 2019 award-winner logo. Mr Mortgages: Best Business Quality
TMA 2018 award-winner logo. Mr Mortgages: Best Buy To Let firm