We don’t provide mortgage advice. We do however provide mortgage protection. Mortgage protection is a general term which could refer to life cover, critical illness cover, income protection and others.
It is very important that your protection is tailored to suit your needs and budget. There are many important factors to consider and we can guide you through this and help you to reach the right decisions for you.
If you also need a mortgage, we’d still like to hear from you as we have connections with mortgage advisers who we can highly recommend.
Simply Life is a new and innovative type of Life Cover from Aegon promising a low cost and easy to understand protection product.
There are various ways of calculating how much life cover you should have. You will need to consider all of your debts, including mortgage, credit cards, car loans etc and also the ongoing monthly costs that will continue after death.
If you have a repayment mortgage, it is quite likely that you protected your mortgage with a decreasing term assurance policy.
This type of plan provides protection over the term of your mortgage, with the level of cover reducing in line with your decreasing mortgage liability.
The advantage of decreasing cover, as opposed to level cover, is simply that the cost is lower.
However, this approach could turn out to be a bit short sighted and not necessarily the best type of plan for you, so please read on.
When my wife and I were looking for advice on retirement financial planning a few years ago, Barry was recommended to us by another IFA, who no longer provided that type of advice. Over the last few years, Barry has provided us with very good financial planning advice, tailored to our particular needs and attitudes to financial risk. He contacts us regularly to update us with the latest information and to see if our needs have changed but leaves the final decisions to us, i.e. he does not try to push a particular financial product or company. We have been very pleased with his advice to date and look forward to continuing our association with him.