Wedding bells to door bells

Wedding bells to door bells

January 18, 2023

Once your special day is over and done with, it could be time to start thinking about the important parts of starting your life together.
But it can be difficult to know where to begin with life insurance, what types of cover are available to you, and which policies are best suited to you both now that you’re newlyweds?

Whether you’ve just tied the knot or you’re getting married soon, the likelihood is that you’re probably going to be living together.
If you’re buying your first home together, your mortgage will be one of the biggest debts you’ll ever have. So it makes sense to financially protect it with a life insurance policy, right?

A mortgage protection policy can cover the whole remaining balance on your mortgage, so whether it’s an interest-only mortgage or a repayment mortgage, there’s a life insurance policy that can help financially protect it.

Did you know you can protect what you earn?

Are you the breadwinner of the household or do you both bring money in?
Either way, an income protection policy is there to help, if times get tough. This type of life insurance policy acts as a replacement income, if you were unable to work as usual due to illness or injury. Your income protection policy could cover 50-70% of what you earn, meaning you wouldn’t have to worry about not being able to earn as normal.
An income protection policy can pay-out monthly bursts of cash, ensuring that your loved ones can afford the essentials, even whilst you’re unable to carry on working as normal. The regular payments from an income protection policy can help you afford the essentials, here are just a few examples of the things you could use the pay-outs for:
– The food shopping
– The monthly bills
– Clothes for your little ones
– Travel costs, if you need to go further to get the help you need

No one knows what’s around the corner

The statistics are getting scarier by the day and a critical illness policy could be a game changer, if times get tough.
This type of policy can cover you for a whole range of common critical illnesses, so if you or your partner couldn’t carry on working as normal, the lump sum from your critical illness policy could ensure that you can still get by. Some of the main illnesses covered by a critical illness policy are:
– Heart attack
– Cancer
– Stroke
– Loss of limbs
– Alzheimer’s
– Parkinson’s disease
– Loss of sight
– Organ failure
– Multiple sclerosis

It’s a scary list of illnesses but the sad fact is, no one knows what’s around the corner.
Having the right protection in place could ensure that if the worst case scenario happened, you and the loved ones that matter most to you would be financially protected.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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