Mortgage Protection
Life can catch you unaware, so it makes sense to plan ahead and prepare for the unexpected, especially when you or your family's financial future is at risk.
How much would the quality of your life change if you were ill? As well as the obvious physical effects, your finances could end up in a critical condition. If you're ill, the income you and your family depend on may stop - but the bills won't.
And don't think you can rely on State benefits. Basically, it's up to you to ensure you and your family are fully protected against an unforeseeable future.
Hand in hand to help you
MLM can advise you on several plans that work together to give you the protection you need
The Income Protection Plan will pay you a regular income if you can't work due to a specified illness or disability.
The Lifestyle Plan will pay a lump sum if you suffer one of a specified list of critical illnesses, including cancer, heart attack and stroke.
The Adaptable Term Plan will pay a lump sum if you were to die.
Mortgage Protection - Decreasing Mortgage Cover - this can have all the benefits of the above plans built in to one.
With these plans in place, you'll have the peace of mind of knowing that you or your family's finances are protected if you suffer a long-term illness.
Lack of money is the most common worry among those who are ill and cannot work. Work prolongs illness - it's a vicious circle. By having both income protection and lifestyle protection you can live the way you want to, rather than the way you may have to.
Income Protection
If you cannot work due to illness or disability, the plan pays a regular income which can help towards covering your regular bills, including your mortgage.
Your premium is based on your circumstances.
Critical Illness
If you suffer one of the specified critical illnesses, the plan pays out a lump sum which you could use to pay off your mortgage, take a holiday or pay for private healthcare
You can vary the amount of your cover to suit your needs
Consider the issues
Illness and disability can strike with little or no warning
Without your income, what used to be necessities quickly become luxuries
Your mortgage is probably the biggest single outlay you make each month
Income protection and critical illness protection work together to cover you, your family and your home against whatever might happen to stop you working .
All our advisors at MLM are trained to the highest standard possible to ensure they are able to find the best deal for your financial circumstances.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The information on this website is for the use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.
MLM Financial Ltd are appointed representatives of Openwork Limited who are authorised and regulated by the Financial Services Authority
Openwork Limited offers insurance and investment advice on products from a limited number of product providers and advice on mortgages representative of the whole market.
