At Hampden Financial Services, our job doesn't finish with helping you with the finance for your home. We will also advise you on a number of different insurance policies, that will help you keep your property should the worst happen.
Our independent advice, will look at your current situation, taking into account any policies you currently have, and make recommendations tailored to suit your needs and your budget.
We have access to the UK's leading insurance companies in areas such as life insurance, critical illness cover and income protection – providing you and your family with peace of mind cover that fits within your budget.
for a free, no-obligation review, either on the phone, or in the comfort of your own home or office, call us now on 01296 620567, or email us firstname.lastname@example.org
Types of Cover
The term life insurance is used to describe a number of different types of cover. Although they pay out in different circumstances, their aims are the same – to offer you and your family financial peace of mind and to help you protect you and your family’s future.
Life Insurance is designed to pay out a lump sum (also known as the sum assured) in the event of the death of the insured person.
There are 2 main different types of Life Insurance Cover – Level Term, and Decreasing Term.
A level Term is normally suited to an Interest Only mortgage, or providing family protection.
These plans have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
A Critical Illness policy is designed to pay out a lump sum if you are diagnosed with a specified serious illness (for example Cancer, Multiple Sclerosis, Heart Attack) Once the money is paid, you can choose how to spend the money – whether to pay off your mortgage, pay for medical treatment or even take a holiday, the choice is yours.
Different Providers cover different levels of illnesses, therefore the quality of the policy you take out is key. Whilst some policies are cheaper than others, they may not cover you for certain illnesses that other, slightly more expensive policies do. Again we will run through your choices.
Income Protection (PHI)
An Income Protection policy pays out a monthly income to replace a percentage of your salary in the event that you are unable to work due to an accident or sickness. It will pay out after a set amount of time has passed (called the deferred period, and chosen by you at the application stage) and will continue to pay until you are either well enough to return to work, you reach retirement age or the end of the policy term. Even if you return to work, and suffer another illness, you may be able to claim again, on the same policy
We can help you
- Life Insurance
- Wills ( we refer will writing services to a third party )
Challenge us to save you money on your mortgage or your life insurance.