Help first-time buyers get on the protection ladder

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Help first-time buyers get on the protection ladder"

Transcription

1 For advisers only Help first-time buyers get on the protection ladder Affordable cover for your clients

2 Mortgage opportunities. Protect more than just the bricks and mortar. What s inside 1 Helping your clients get on the protection ladder 2 The stakes are high for first-time buyers 3 Who is today s first-time buyer? 4 The need for protection has never been greater 5 What does the ideal protection client look like? 6 Explaining the cost of protection in everyday terms 7 Helping you put protection at the heart of the mortgage sale 8 Keep it simple with Lifestyle Plus

3 Helping your clients get on the protection ladder First-time protection for first-time buyers. By Q3 2014, the number of loans to first-time buyers was showing an increase on the same period in Perhaps the housing market is beginning to make a recovery. And with so many mortgages being accepted, it can be hard to keep up with protection sales. Now more than ever, first-time buyers are in need of protection for their homes and lifestyles. On average, they ve spent almost 13 years saving a deposit for their investment 2. This could all be at risk if they fall ill. New homeowners normally have the highest loan-to-value ratios and tightest budgets of all homeowners. So if anything did go wrong they would be the first to fall straight back off the property ladder, having only just made it onto the first rung. They need your advice on how to protect their lifestyle and income. At Bright Grey we offer a simple, affordable protection product designed for healthy under-40s. It gets them onto the protection ladder and helps make sure their first home is safe and sound. 3.1 billion the total value of loans advanced to first-time buyers in January Sources: 1 Council of Mortgage Lenders, November Mortgage calculator on using figures from Saving 35,700 (17% deposit for a 210,000 property) in a savings account with an interest rate of 3%. This would take 12 years 9 months, saving 200 a month. August Council of Mortgage lenders, March Lifestyle Plus Protection plan 1

4 The stakes are high for first-time buyers By the time today s first-time buyers have bought their own home they could have saved for a huge deposit, perhaps borrowing from parents or wiping out savings. So what would they fall back on if they became too ill to work and couldn t pay the mortgage? 146,512 the average cost of a first-time buyer s house ,854 in London 1 29,932 the average deposit for a first-time buyer in the South East 1. 62,050 in London 1 Sources: 1 LSL Property Services plc, July Lifestyle Plus Protection plan

5 Who is today s first-time buyer? Let s take a closer look at how the changes in your clients mortgage profiles have changed their protection needs. First-time buyers in 2007 First-time buyers in 2014 Average age 29 2 Average age 31 1 Average house price 158,097 2 Average house price 146, % mortgages available Average 82% loan-to-value mortgages 3 In July 2014 a total of 30,200 loans were advanced to first-time buyers, 25% more than the same period in Now that they re back on the agenda, what s changed for first-time buyers? It used to be that first-time buyers had easier access to 100% mortgages and less to lose. Without the pressure of having to save as hard for a deposit, life went on as normal. The need for protection probably wasn t even on their agenda. With affordability the biggest obstacle to overcome, today s first-time buyer may not be able to pay for critical illness cover to cover their full mortgage loan but they could at least protect their monthly mortgage payments or their deposit that took so long to save for. Nowadays, life s not so easy. Those hoping to dip their toes in the property pool have to bide their time until they ve saved a big enough deposit for an affordable deal. This means they re older than they used to be. Perhaps they ll be buying with a partner, which means there s someone else to worry about. What conversations are you having with your clients? For single clients: Q: How would you cover your mortgage payments if you were unable to work because you were critically ill? Sources: 1 LSL Property Services plc, July April Council of Mortgage Lenders, April Council of Mortgage Lenders, September And couples: Q: Could you support each other if one of you were unable to work because of a critical illness? Q: If one of you died, would the other be able to keep the mortgage payments going? Lifestyle Plus Protection plan 3

6 The need for protection has never been greater They say life begins at 40 but the need for protection starts earlier. Buying a home is sometimes the first time many have a need for protection. Because of this, first-time buyers have usually had limited exposure to the protection market. And, because they re younger, they ll often find cover more affordable than people further up the housing ladder 1. The dilemma for most people is that at these times money is in short supply. However, they ve never had a greater need for protection. 54% of 1,312 people asked are concerned about becoming ill, and/or are eager to protect themselves 1. 41% of consumers prefer to get financial advice face-to-face rather than online 2. 17% of the people who claimed for a critical illness with us in 2013 were 40 or under 3. Sources: 1 Mintel, Critical Illness Cover Executive Summary, June Mintel, Consumers and Financial Advice Executive Summary, April Bright Grey and Scottish Provident claim statistics 1 January - 31 December Lifestyle Plus Protection plan

7 What does the ideal protection client look like? If your clients tick these boxes then Lifestyle Plus will tick all yours. Under 40 Non-smoker Clean life (no complex medical history and not awaiting medical tests) No history of cancer, heart attack, multiple sclerosis, stroke or angina BMI of less than 35 Cover below 200,000 74% immediate online decisions for Life or Critical Illness Cover 3. In 2013, we gave an immediate online decision to more than 7 out of 10 clients who matched this profile 4. But Lifestyle Plus isn t just suitable for your first-time buyers you can also recommend it for larger sums assured, up to 500,000, and older clients, above age 40. For more about the key features of our Lifestyle Plus Protection plan, see the table opposite. What Lifestyle Plus can offer your clients Single life or joint life first event Up to 500,000 of Life or Critical Illness Cover 24 ABI standard definitions (including Total Permanent Disability) 5-40 year term How we pay cover: Level lump sum Increasing lump sum in line with retail price index Decreasing lump sum mortgage repayment guarantee Maximum age when cover ends is 69 You can choose guaranteed or reviewable payments for Life or Critical Illness Cover You can only choose guaranteed rates for Life Cover The plan is reviewed after the first 5 years, then every 5 years after that Payment Cover for Sickness Own occupation 1 year own occupation When we pay waiver of premium (Payment Cover for Sickness) We cover the payments of the plan after a deferred period of 26 weeks Disability definitions Own occupation Working tasks Instant cover Available when taking out cover for a mortgage Read the plan details for the Lifestyle Plus Protection plan for full information. Sources: 4 Bright Grey online decision rates for Lifestyle Plus Protection plans. Our example is based on non-smokers, aged 18-40, with a sum assured up to 200,000, Life or Critical Illness Cover, January - December Lifestyle Plus Protection plan 5

8 Explaining the cost of protection in everyday terms Ask your clients how they would manage financially if they became critically ill. Many people have no idea of how little protection could cost and are amazed when they find out how reasonable it can be. How much does a coffee cost these days 2.50 or a little more maybe? Even 2 coffees a week soon mounts up to around 20 a month. And 20 a month could buy enough protection to give your clients some peace of mind that they d be covered if anything happened to them. Of course, it doesn t have to be coffee; often people spend their money on things like magazines and taxis without really thinking about it. To show your clients how life s little luxuries can add up to a whole lot of protection, try our calculator yourself at And for face-to-face meetings where you can t access the web, use our tear-off pads. They re unbranded and left blank for you to use with your clients. 20 a month could buy enough protection to give your clients some peace of mind that they d have some cover if anything happened to them. 6 Lifestyle Plus Protection plan

9 Personal protection You ve secured your clients the mortgage deal that means they ll soon own their own home for the first time. Now it s time to talk to them about protection. Taking out Life or Critical Illness Cover for the Using the UK s average salary of 26,500 1, full amount of the mortgage could be beyond here are some sample quotes to give your clients budgets right now. But if you your client a rough idea of what protection recommend cover for 6 months or a year s might cost. Once you tell them how little it worth of their salary, you d be protecting could cost to protect themselves, you can them as well as their mortgage if they got really open up the critical illness conversation. a critical illness and couldn t work. Single: Life or Critical Illness Cover (Level) Joint: Life or Critical Illness Cover (Level) Amount Monthly Amount Monthly of cover premium of cover premium Aged 25 Aged 30 Aged 35 Aged 40 Couple Couple Couple Couple aged 25 aged 30 aged 35 aged 40 20, , , , , , When you choose the increasing option with our plans there s no initial Adding Payment Cover for Sickness can cost your clients as little as price difference. Your clients only need to accept the increase once 32p a month extra 2. Showing them how little it costs to make sure their every 2 years. And we won t claw back any commission if they don t monthly payments will still be paid if they re unable to work, helps you accept the increase. create a strong argument. Single: Life or Critical Illness Cover with Joint: Life or Critical Illness Cover (Level) indexation no price increase for the first year with Payment Cover for Sickness Amount Monthly Amount Monthly of cover premium of cover premium Aged 25 Aged 30 Aged 35 Aged 40 Couple Couple Couple Couple aged 25 aged 30 aged 35 aged 40 20, , , , , , Source: All quotes above based on Bright Grey Lifestyle Plus Protection plan, non-smokers, over 25-year term, August Office for National Statistics, Annual Survey of Hours and Earnings, Based on 20,000 Life or Critical Illness Cover for 25-year-old couple. Bright Grey is a division of the Royal London Group, which consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number It provides life assurance and pensions and is a member of the Association of British Insurers and the Association of Financial Mutuals. Registered in England and Wales number Registered office: 55 Gracechurch Street, London, EC3V 0RL. PC1473C.0514 Helping you put protection at the heart of the mortgage sale Starting the protection conversation with your first-time buyers. Lifestyle Plus Life or Critical Illness Cover Can your clients afford to be critically ill? Dealing with the cost of protection Once you re covered, you Use this sales aid to show your can clients carry on how enjoying life. little protection could cost. A little bit of cover is better than none at all. If your clients took out just enough protection to cover their salary for a year, it could make critical illness cover more affordable. Use our sample costs sales aid to find out at a glance what cover might cost for your clients before you start the conversation. Protection? No need, the state will look after us The state may not help as much as they might think Could they keep their new home if they became seriously ill? Your clients may not realise what the shortfall would be between their monthly outgoings and state benefits if they were to become seriously ill. Peace of mind for you and your first home Affordable insurance for first-time buyers Client-facing brochure Booklet on protection for first-time buyers This guide helps you show first-time buyers why protection is essential for them in their new home. Budgets are tight and excitement is high but protection needs to come into the equation to make sure they hold onto their home. Magic circle And to overcome these objections and more, why not use our magic circle to personalise your message and reinforce your advice and your brand. So next time a client says they can t afford protection you have the facts to suggest they can. Lifestyle Plus Protection plan 7

10 Keep it simple with Lifestyle Plus Closing the deal. Selling protection alongside the mortgage can be difficult. When most clients are buying their dream home, the last thing you want to talk about is what would happen if they were diagnosed with a critical illness. But can you afford not to? How would you feel if a client came back to you saying they have cancer and need to sell their home? Even a little bit of cover could be enough to give them time to recover. That s why we believe our Lifestyle Plus Life or Critical Illness Cover could be right for some of your first-time buyers. It was designed to provide affordable cover for clients up to age 40 with sums assured of up to 200,000. Why Lifestyle Plus? You can get a client on risk in just 15 minutes 7 out of 10 applications can get an immediate decision 1 Quick, signature-free online process Choice of level, increasing or decreasing cover Option of Payment Cover for Sickness (waiver of premium) Now with instant cover With our Lifestyle Plus product, commission is only available on a 4-year earnings basis. Go to to quote and apply for Lifestyle Plus Life or Critical Illness Cover. You can find everything you need on our website. Any literature you order before 1pm will be sent out the same day. Sources: 1 Bright Grey online decision rates for Lifestyle Plus Protection plans. Our example is based on non-smokers, aged 18-40, with a sum assured up to 200,000, Life or Critical Illness Cover, January - December Lifestyle Plus Protection plan

11 For your share of the first-time buyer protection market, visit

12 First-time buyer protection from Bright Grey T F E A 2 Queen Street, Edinburgh, EH2 1BG W To find out more, get a digital copy of this document, or to quote and apply online, go to Bright Grey is a division of the Royal London Group, which consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number It provides life assurance and pensions and is a member of the Association of British Insurers and the Association of Financial Mutuals. Registered in England and Wales number Registered office: 55 Gracechurch Street, London, EC3V 0RL. PC2101A.1114

Have you protected the most valuable things in your home? Protecting yourself as well as your home

Have you protected the most valuable things in your home? Protecting yourself as well as your home Have you protected the most valuable things in your home? Protecting yourself as well as your home What s inside 2 A product to suit your life today, and in the future 4 Income Cover for Sickness 6 Critical

More information

Why do I need protection?

Why do I need protection? Why do I need protection? What s inside 3 Life cover 4 Critical illness cover 7 Income protection 8 Who else would you rely on? 10 It might cost less than you think 12 A word from your adviser... Introduction

More information

Do I really need critical illness cover? A guide to protect against the financial impact of a critical illness

Do I really need critical illness cover? A guide to protect against the financial impact of a critical illness Do I really need critical illness cover? A guide to protect against the financial impact of a critical illness What's inside 2 Cancer survival rates 5 Survival rates are improving 6 Coping with a critical

More information

This document contains important information about the Lifestyle Plus Protection plan and you should read it along with your quote.

This document contains important information about the Lifestyle Plus Protection plan and you should read it along with your quote. Key facts of the Lifestyle Plus Protection plan (October 2013) This document contains important information about the Lifestyle Plus Protection plan and you should read it along with your quote. This document

More information

KEEPING YOUR BUSINESS ON COURSE. Helping you protect your business. Protection Business Menu

KEEPING YOUR BUSINESS ON COURSE. Helping you protect your business. Protection Business Menu KEEPING YOUR BUSINESS ON COURSE Helping you protect your business Protection Business Menu WHAT S INSIDE As a business owner you know what you need to make your business a success. Suitable premises, machinery

More information

Our annual check-up. Critical illness claims statistics 2014. For advisers only 1

Our annual check-up. Critical illness claims statistics 2014. For advisers only 1 Our annual check-up Critical illness claims statistics 214 For advisers only 1 A picture of confidence We 94% of critical illness claims in 214 We re in business to pay claims. And in an industry like

More information

A simple guide to getting more from your future with. Aviva Equity Release. Best Equity Release Lender

A simple guide to getting more from your future with. Aviva Equity Release. Best Equity Release Lender A simple guide to getting more from your future with Aviva Equity Release Best Equity Release Lender J4602_PF011120_1015.indd 1 09/10/15 8:06 pm Contents An introduction to Aviva Equity Release What is

More information

KEY FEATURES OF THE MORTGAGE REVIEW PLAN. Important information you need to read

KEY FEATURES OF THE MORTGAGE REVIEW PLAN. Important information you need to read KEY FEATURES OF THE MORTGAGE REVIEW PLAN Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR. IT REQUIRES US, SCOTTISH WIDOWS, TO GIVE YOU THIS IMPORTANT

More information

Protecting your business protecting you. Why do I need business protection?

Protecting your business protecting you. Why do I need business protection? Protecting your business protecting you Why do I need business protection? As a business owner you know what you need to make your business a success. Suitable premises, machinery or tools, and your computer

More information

Your mortgage with us. Helping you feel at home

Your mortgage with us. Helping you feel at home Your mortgage with us Helping you feel at home Your mortgage now and in the future Your mortgage shouldn t be complicated you apply for a loan and we lend what we think you can afford. Simple. It s a valuable

More information

Your guide to protecting yourself and your loved ones with Aviva

Your guide to protecting yourself and your loved ones with Aviva Your guide to protecting yourself and your loved ones with Aviva Protect what matters most What s the most precious thing in the world to you? There s really only one answer to that the people who are

More information

Financials. Articles and agreements. Professional advisers

Financials. Articles and agreements. Professional advisers Financials Financials for the last 3 years Year Year Year Turnover Gross profit Net profit before tax Profit after tax Dividend No. of employees Value of the business Who calculated value? Year end date

More information

LIFE AND PROTECTION INSURANCE EXPLAINED

LIFE AND PROTECTION INSURANCE EXPLAINED LIFE AND PROTECTION INSURANCE EXPLAINED INTRODUCTION Most of us would like to think that when our lives come to an end, we ll be old, our loved ones will be financially secure and our financial responsibilities

More information

Financial protection for you and your family

Financial protection for you and your family Financial protection for you and your family Introduction Most of us believe life and other forms of protection insurance is a good thing. Protecting your family should underpin financial planning and

More information

Self Assurance. Your simple guide to protection

Self Assurance. Your simple guide to protection Self Assurance Your simple guide to protection Your simple guide to protection Peace of mind for you and your family None of us really knows what the future has in store, but like millions of other people

More information

MORE CHOICE MORE FREEDOM

MORE CHOICE MORE FREEDOM LOOK FORWARD TO MORE CHOICE MORE FREEDOM A guide to Income Release Pension Portfolio royallondon.com WELCOME TO ROYAL LONDON We re a mutual organisation and, unlike a PLC, we don t have any shareholders

More information

Life and Protection Insurance explained

Life and Protection Insurance explained OPW 01 (03/11) Demographik Life and Protection Insurance explained Openwork Limited is authorised and regulated by the Financial Services Authority. Registered in England 4399725. Registered office: Tri

More information

Remortgaging it may be your best decision

Remortgaging it may be your best decision Remortgage Guide Remortgaging it may be your best decision Why do I need to consider a remortgage? For most homeowners, a mortgage is probably your largest financial commitment so it s essential to ensure

More information

A simple, affordable way to give peace of mind to the people who matter most

A simple, affordable way to give peace of mind to the people who matter most GUARANTEED 50 PLUS LIFE COVER A simple, affordable way to give peace of mind to the people who matter most Want to know more? Please talk to your adviser The average cost of a burial in the UK is currently

More information

Please read this document carefully as it contains important information about this plan. Your VitalityLife plan summary VITALITYLIFE PLAN SUMMARY

Please read this document carefully as it contains important information about this plan. Your VitalityLife plan summary VITALITYLIFE PLAN SUMMARY Please read this document carefully as it contains important information about this plan Your VitalityLife plan summary VITALITYLIFE PLAN SUMMARY Your VitalityLife plan summary About this booklet This

More information

Whole of life. It is never too early...

Whole of life. It is never too early... It is never too early... ...but it can be too late. Whole of life protection As lifestyles change over time, so do mortgage, business and family protection needs. There is never a time in your client s

More information

PASSING ON YOUR PENSION. A guide to death benefits from income drawdown. Retirement Solutions

PASSING ON YOUR PENSION. A guide to death benefits from income drawdown. Retirement Solutions PASSING ON YOUR PENSION A guide to death benefits from income drawdown Retirement Solutions It s now easier than ever to pass any remaining money in your pension to the people you love when you die. New

More information

WHAT S INSIDE. Financial Planning. Starting out. Young families. Established families. Empty nesters. Retirement Getting the best advice

WHAT S INSIDE. Financial Planning. Starting out. Young families. Established families. Empty nesters. Retirement Getting the best advice FINANCIAL PLANNING If you re looking for advice on financial planning, this guide explains some of the things you may need to consider. We hope you find this guide and the important pointers to each life

More information

Flexible Protection Plan. Protecting your lifestyle and family with one simple plan

Flexible Protection Plan. Protecting your lifestyle and family with one simple plan Flexible Protection Plan Protecting your lifestyle and family with one simple plan Contents Introduction Income Protection Life Protection Critical Illness Protection Protection with a heart Extra things

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

For customers Friends Life Protect+ Income Protection Cover. Income Protection Cover. It s income protection. And more.

For customers Friends Life Protect+ Income Protection Cover. Income Protection Cover. It s income protection. And more. For customers Friends Life Protect+ Income Protection Cover Income Protection Cover It s income protection. And more. It s income protection. And... 2 it addresses a vital need it provides a regular income

More information

A FRESH APPROACH TO INCOME PROTECTION WITH 5-STAR COVER FROM VITALITYLIFE VITALITY.CO.UK/LIFE

A FRESH APPROACH TO INCOME PROTECTION WITH 5-STAR COVER FROM VITALITYLIFE VITALITY.CO.UK/LIFE A FRESH APPROACH TO INCOME PROTECTION WITH 5-STAR COVER FROM VITALITYLIFE VITALITY.CO.UK/LIFE WHAT SHOULD INCOME PROTECTION COVER OFFER YOU? If you are unable to work because of illness, injury or disability,

More information

CRITICAL ILLNESS COVER

CRITICAL ILLNESS COVER CRITICAL ILLNESS COVER IF LIFE WERE TO CHANGE overnight due to a critical illness, and you had to stop working to focus on your health, have you thought about what financial support you have in place?

More information

Contents 1 The purpose of a trust 2 The key people involved in a trust 3 Choosing which trust form to use 5 Deciding how to set up the trust 8 Your

Contents 1 The purpose of a trust 2 The key people involved in a trust 3 Choosing which trust form to use 5 Deciding how to set up the trust 8 Your Our guide to trusts Contents 1 The purpose of a trust 2 The key people involved in a trust 3 Choosing which trust form to use 5 Deciding how to set up the trust 8 Your questions answered 13 Appendix 1

More information

Mortgages Things You Should Know

Mortgages Things You Should Know Mortgages Things You Should Know Moving and Money So you re starting to talk about moving out of London or perhaps you ve made the decision already and you ve started the search in earnest. One of the

More information

WHAT IF? INCOME PROTECTION ADVISER GUIDE

WHAT IF? INCOME PROTECTION ADVISER GUIDE INCOME PROTECTION ADVISER GUIDE WHAT IF? 92% of advisers think that income protection is undersold. Your clients may not realise how vulnerable they are, so it s a worthwhile opportunity to talk to them

More information

First Time Buyers. A guide to owning your first home

First Time Buyers. A guide to owning your first home First Time Buyers A guide to owning your first home Helping you to get on the property ladder Fed up living with others? Been dreaming of owning your own home? If the answer is yes, then take a look at

More information

MORTGAGES4REAL LIMITED

MORTGAGES4REAL LIMITED WELCOME TO MIKE ROGERSON.CO.UK ESTATE AGENTS SURVEYORS LETTINGS MANGEMENT MIKE ROGERSON MORTGAGES4REAL LIMITED We know that taking out a mortgage will probably be the biggest financial commitment you can

More information

Jane Londerville on Mortgage Financing

Jane Londerville on Mortgage Financing June 2012 Jane Londerville on Mortgage Financing In this instalment of Straight Talk, MLI talks to mortgage finance expert Jane Londerville about government backing for residential mortgages in Canada,

More information

Additional borrowing guide 1. Additional borrowing. We re with you every step of the way

Additional borrowing guide 1. Additional borrowing. We re with you every step of the way Additional borrowing guide 1 Additional borrowing We re with you every step of the way Additional borrowing guide 2 What is additional borrowing? Sometimes you may be able to borrow extra money from your

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has provided me with financial stability. I now have the opportunity to help my family, go on holiday, and make some home improvements. Mr W, East Sussex Your Guide to Equity Release Contents

More information

OUR ANNUAL CHECK-UP. Critical Illness Claims Statistics 2014. Protection

OUR ANNUAL CHECK-UP. Critical Illness Claims Statistics 2014. Protection OUR ANNUAL CHECK-UP Protection Critical Illness Statistics 21 WE RE IN BUSINESS TO PAY CLAIMS In an industry like ours, claims statistics are important. They help to reassure you that if your clients ever

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

CRACKING GOOD COVER. Protection Personal Menu. royallondon.com

CRACKING GOOD COVER. Protection Personal Menu. royallondon.com CRACKING GOOD COVER Protection Personal Menu royallondon.com WHAT S INSIDE A summary of our protection covers 4 Cover for you, your partner or both of you 5 Life Cover 6 Critical Illness Cover 7 The full

More information

Life and protection insurance explained!

Life and protection insurance explained! Life and protection insurance explained! Introduction Some things are certain in life, like the fact that one day, we ll die. Most of us would like to think that when that day comes we ll be old, our loved

More information

Life and protection insurance explained

Life and protection insurance explained protection? Life and protection explained A guide to personal and family protection This guide explains the types of life and protection available and how they can offer you valuable peace of mind. If

More information

KEY GUIDE Financial protection for you and your family

KEY GUIDE Financial protection for you and your family Kelvin Financial Planning Ltd KEY GUIDE Financial protection for you and your family Introduction Most of us believe that taking out life and other forms of protection insurance is a good thing to do.

More information

WHEN YOU NEED IT MOST

WHEN YOU NEED IT MOST A HELPING HAND WHEN YOU NEED IT MOST A Guide to Your One to One Personal Support Helping Hand: One to One Personal Support Introducing ROYAL LONDON Ever since we started as a Friendly Society over 150

More information

Lifetime Protection Plan from Standard Life Protecting you and your family

Lifetime Protection Plan from Standard Life Protecting you and your family Lifetime Protection Plan from Standard Life Protecting you and your family Remember when you thought you were invincible 1 of 33 2 of 33 When was the last time you felt invincible? Contents The need for

More information

For customers. Friends Life Protect+ Income Protection Cover. Income Protection Cover. It s income protection. And more.

For customers. Friends Life Protect+ Income Protection Cover. Income Protection Cover. It s income protection. And more. For customers Friends Life Protect+ Income Protection Cover Income Protection Cover It s income protection. And more. It s income protection. And... 2 it addresses a vital need it provides a regular income

More information

OVER 50s LIFE INSURANCE. OVER 50s LIFE INSURANCE MORE THAN A MEMORY.

OVER 50s LIFE INSURANCE. OVER 50s LIFE INSURANCE MORE THAN A MEMORY. 1 MORE THAN A MEMORY. Put what you can in place for those you care about. Whether it s to help contribute towards the costs of your funeral, or simply as a gift that could help make a difference to your

More information

Life Insurance made easy

Life Insurance made easy Life Insurance made easy INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see the challenges people face in

More information

www.businessoviso.co.uk 0333 321 0060 info@businessoviso.co.uk Key Person Insurance for you and your business Key Person Insurance

www.businessoviso.co.uk 0333 321 0060 info@businessoviso.co.uk Key Person Insurance for you and your business Key Person Insurance for you and your business 1 People are important in my business As a business owner you know what you need to make your business a success. Suitable premises, machinery and your computer systems may all

More information

Investments GUIDE TO FUND RISKS

Investments GUIDE TO FUND RISKS Investments GUIDE TO FUND RISKS CONTENTS Making sense of risk 3 General risks 5 Fund specific risks 6 Useful definitions 9 2 MAKING SENSE OF RISK Understanding all the risks involved when selecting an

More information

Life insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security

Life insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security Shedding light on Life insurance a practical guide to helping you achieve a lifetime of financial security Learn more about: Safeguarding your loved ones Protecting your future Ensuring your dreams live

More information

Your guide to. Equity Release. with no obligation

Your guide to. Equity Release. with no obligation Your guide to Equity Release Expert advice with no obligation Your introduction to equity release Your retirement should give you the freedom to do all the things in life you haven t had time for. However,

More information

If you would like this information in large print, in braille or on cassette or CD, please call 0845 271 0900. Financial Questionnaire.

If you would like this information in large print, in braille or on cassette or CD, please call 0845 271 0900. Financial Questionnaire. Financial Questionnaire You must fill in this form fully and truthfully to the best of your knowledge and belief. If you do not do this, and this affects our assessment of the risk, your insurance may

More information

A Guide To Life Insurance and Protection

A Guide To Life Insurance and Protection A Guide To Life Insurance and Protection Independent Financial Advisers Independent Mortgage Advisers P N DALES LTD, are an Independent Financial Advisers, experts in protection & life insurance. We help

More information

BUYING A PENSION ANNUITY.

BUYING A PENSION ANNUITY. PENSION ANNUITies BUYING A PENSION ANNUITY BUYING A PENSION ANNUITY. 1 This is an important, once and for all, decision. We want you to be confident that you have the information you need to make the right

More information

This document contains important information about the Lifestyle Protection plan and you should read this along with your quote.

This document contains important information about the Lifestyle Protection plan and you should read this along with your quote. Key facts of the Lifestyle Protection plan July 2014 This document contains important information about the Lifestyle Protection plan and you should read this along with your quote. This document doesn

More information

CRITICAL ILLNESS COVER

CRITICAL ILLNESS COVER CRITICAL ILLNESS COVER IF LIFE WERE TO CHANGE overnight due to a critical illness, and you had to stop working to focus on your health, have you thought about what financial support you have in place?

More information

MORTGAGE ADVICE YOU CAN DEPEND ON

MORTGAGE ADVICE YOU CAN DEPEND ON MORTGAGE ADVICE YOU CAN DEPEND ON INTRODUCTION Whether you re buying your first home, remortgaging, or purchasing an investment property, there are lots of processes to go through, issues to tackle and

More information

FAMILY PROTECTION MADE EASY. A guide to life assurance

FAMILY PROTECTION MADE EASY. A guide to life assurance FAMILY PROTECTION MADE EASY A guide to life assurance INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see

More information

INCOME PROTECTION THE BASICS WHAT IF?

INCOME PROTECTION THE BASICS WHAT IF? INCOME PROTECTION THE BASICS WHAT IF? If you couldn t work due to illness or injury, could you cope financially? We all hope we ll never find out, but the reality is nearly a third of us will have close

More information

KEY GUIDE. Financial protection for you and your family

KEY GUIDE. Financial protection for you and your family KEY GUIDE Financial protection for you and your family Protecting what matters most Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that

More information

Your retirement could have even more going for it

Your retirement could have even more going for it Your retirement could have even more going for it A straightforward guide to equity release For no obligation advice: call 0800 015 0993 www.justretirementsolutions.com Contents Imagine what you could

More information

BUSINESS FINANCIAL QUESTIONNAIRE (NOVEMBER 2015)

BUSINESS FINANCIAL QUESTIONNAIRE (NOVEMBER 2015) Plan number BUSINESS FINANCIAL QUESTIONNAIRE (NOVEMBER 2015) Important Note: Please answer all of the questions on this form honestly and in full. If you miss any information out, or give us misleading

More information

How to maintain your lifestyle in uncertain times.

How to maintain your lifestyle in uncertain times. How to maintain your lifestyle in uncertain times. A Guide to Income Protection Fills the gaps other insurance leaves behind 1 X Filling the gaps We all like to think we've got it covered if the unexpected

More information

Homeplan Key Features

Homeplan Key Features Homeplan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard Life, to give

More information

Australia s $3.1 trillion underinsurance crisis

Australia s $3.1 trillion underinsurance crisis Australia s $3.1 trillion underinsurance crisis February 2012 CommInsure Life Insurance Survey Source: CommInsure Life Insurance Survey 2011 The underinsurance issue Australians are currently underinsured

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has enabled me to go on more holidays, purchase a new car and make some major household purchases. The service provided met our financial needs in an efficient and helpful way. John, Sutton

More information

MLC Insurance Enjoy life

MLC Insurance Enjoy life MLC Insurance Enjoy life Enjoy life! Enjoying life is all about living today. But it s not always easy if you are worried about tomorrow. So rather than worrying about what may or may not happen, insure

More information

Level, Renewable and Family Income Protection Key Features

Level, Renewable and Family Income Protection Key Features Level, Renewable and Family Income Protection Key Features Lifetime Protection from Standard Life This is an important document. Please read it and keep for future reference. The Financial Conduct Authority

More information

The real value of protection. Our life, critical illness and income protection claims

The real value of protection. Our life, critical illness and income protection claims The real value of protection Our life, critical illness and income protection claims The real value of protection When you take out an Aviva protection policy, you re relying on us to be there when it

More information

how the One account works all your questions answered 08456 000 00 1 oneaccount.com

how the One account works all your questions answered 08456 000 00 1 oneaccount.com how the One account works all your questions answered 08456 000 00 1 oneaccount.com Contact us By telephone 08456 000 00 1 By typetalk 08456 000 00 1 By textphone 08456 10 10 56 By post By web The One

More information

Choosing life policies

Choosing life policies Choosing life policies CHOOSING LIFE POLICIES Most people believe that life insurance is a good thing. For most of us, it underpins our financial planning, protecting our family, while for others it can

More information

insurance Insurance Protecting what s important to you Inside... What insurance do you need? Types of insurance Buying insurance

insurance Insurance Protecting what s important to you Inside... What insurance do you need? Types of insurance Buying insurance insurance Insurance Protecting what s important to you Inside... What insurance do you need? Types of insurance Buying insurance What insurance do you need? Insurance is a way to protect you (and your

More information

Keeping up with mortgage repayments

Keeping up with mortgage repayments Keeping up with mortgage repayments This information is an extract from the booklet Housing costs, which is part of our Financial guidance series. You may find the full booklet helpful. We can send you

More information

Protection Report PROTECTION FOR

Protection Report PROTECTION FOR Protection Report PROTECTION FOR PRIVATE Tenants June 2014 protect the future of your HOME Tenants own fewer financial products than home owners, but many are keen to step on the property ladder. Ours

More information

Protection Let s get down to business

Protection Let s get down to business Protection Let s get down to business PERSONAL PROTECTION THE PERFECT BLEND If you d like to find out more about our personal protection menu products, just call 0845 6094 500 or email: help@brightgrey.com

More information

Your retirement income. Exploring your options

Your retirement income. Exploring your options Your retirement income Exploring your options Contents 02 What do you want to do with your pension fund? 07 A regular retirement income for the rest of your life 10 A flexible income from a Self Invested

More information

Family protection made easy

Family protection made easy Family protection made easy A guide to life assurance This product is provided by Irish Life Assurance plc. AIB has chosen Irish Life, Ireland s leading life and pensions provider, to provide its customers

More information

In safe hands. Business protection for sole traders

In safe hands. Business protection for sole traders In safe hands Business protection for sole traders How secure is your financial future? As a sole trader the success of your business depends on you your skills, your judgement, your drive. In turn you

More information

KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN

KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN The Financial Conduct Authority is a financial services regulator. It requires us, Royal London, to give you this important information to help you to decide

More information

A resource to help you get control over your debt. Remember you could be using the money you spend on interest on something else!

A resource to help you get control over your debt. Remember you could be using the money you spend on interest on something else! Deal with debt A resource to help you get control over your debt. Remember you could be using the money you spend on interest on something else! Information given is of a general nature only and does not

More information

Welcome to. OneFamily

Welcome to. OneFamily OneFamily Lifetime Mortgages 1 Welcome to OneFamily Welcome to our OneFamily Lifetime Mortgages. This brochure acts as an easyto-digest introduction to lifetime mortgages and provides you with a summary

More information

Income Protection Cover. A fresh approach to Income Protection with 5-star cover

Income Protection Cover. A fresh approach to Income Protection with 5-star cover Income Protection Cover A fresh approach to Income Protection with 5-star cover What should Income Protection offer you? If you are unable to work because of illness, injury or disability, we believe that

More information

For financial advisers only. An espresso guide to selling income protection

For financial advisers only. An espresso guide to selling income protection For financial advisers only An espresso guide to selling income protection Income protection: why it matters At LV= we believe everyone should be supported if they re ill and can t work, through quality

More information

Switching your mortgage deal

Switching your mortgage deal Switching guide 1 Switching your mortgage deal We re with you every step of the way Switching guide 2 Why switch? If you re thinking about switching your mortgage, you might not have to shop around. You

More information

Making the most of your retirement

Making the most of your retirement Making the most of your retirement A guide to equity release and our advice service Provided by Contents Welcome from the Age UK Group 3 Do more with your retirement 4 What is equity release? 5 Is equity

More information

Mortgage advice you can depend on

Mortgage advice you can depend on Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to

More information

Insurance It s a Life or Death Situation

Insurance It s a Life or Death Situation Insurance It s a Life or Death Situation LIA Wexford March 2014 Ed Rafferty QFA Grad Dip CFP Protection Sales Manager Agenda Common client goals Why Life Assurance is important to your client Identify

More information

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE All you need to know about buying and protecting your home THE FSA More Choice Financial Ltd, The Rufus Centre, Steppingley Road, Flitwick Beds MK45 1AH is authorised

More information

Insurance. Covered, just in case. - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help

Insurance. Covered, just in case. - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help Insurance Covered, just in case - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help Sorted by the Commission for Financial Capability How much cover do we need?

More information

KEY GUIDE. Financial protection for you and your family

KEY GUIDE. Financial protection for you and your family KEY GUIDE Financial protection for you and your family Introduction Most of us believe that taking out life and other forms of protection insurance is a good thing to do. Protecting your family should

More information

Wesleyan provides help when you need it most

Wesleyan provides help when you need it most Wesleyan provides help when you need it most 02 Personal Income Protection Plan Relax, You re covered At Wesleyan, we ve been providing specialist financial advice and solutions to professionals for over

More information

HOME LOAN HOUSE. Are you a homeowner looking for a loan? If so, and you live in the UK, Home Loan House can help.

HOME LOAN HOUSE. Are you a homeowner looking for a loan? If so, and you live in the UK, Home Loan House can help. 1 Home loans + uk, house loan HOME LOAN HOUSE Are you a homeowner looking for a loan? If so, and you live in the UK, Home Loan House can help. We specialise in providing home loans for the things you desire

More information

BUSINESS PROTECTION FROM VITALITYLIFE VITALITY.CO.UK/LIFE

BUSINESS PROTECTION FROM VITALITYLIFE VITALITY.CO.UK/LIFE BUSINESS PROTECTION FROM VITALITYLIFE VITALITY.CO.UK/LIFE SAFEGUARD THE FUTURE OF YOUR BUSINESS OUR BUSINESS PROTECTION PLAN CAN PROTECT YOUR BUSINESS IN THREE WAYS At VitalityLife we believe that business

More information

OUR PERSONAL MENU PLAN

OUR PERSONAL MENU PLAN KEY FACTS OF OUR PERSONAL MENU PLAN Important information you should read Protection Personal Menu WHAT S INSIDE See if our plan is right for you 3 The aims of our plan 3 Your commitment 4 The risks 4

More information

AIG Life. Business Protection Customer guide

AIG Life. Business Protection Customer guide AIG Life Business Protection Customer guide Introduction You may have already taken steps to protect your business against major catastrophes and put together a business continuity plan to ensure its future

More information

Whatever s special about your family life, make sure you protect it

Whatever s special about your family life, make sure you protect it Whatever s special about your family life, make sure you protect it Your family is special, so make sure you protect it When something awful happens, it feels like normal life stops. But, even for a family

More information

Get to know your options for protecting yourself and your family

Get to know your options for protecting yourself and your family Get to know your options for protecting yourself and your family LifeProtect Guide Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of

More information

Mortgage Life Insurance

Mortgage Life Insurance Mortgage Life Insurance Moving with your mortgage In association with Welcome to Norwich Union YOUR MOVE s relationship with Norwich Union means we re able to offer you all the protection you need when

More information

BORROWING. A guide to borrowing. Overdrafts, credit cards, loans

BORROWING. A guide to borrowing. Overdrafts, credit cards, loans BORROWING A guide to borrowing Overdrafts, credit cards, loans Three ways to borrow that can work for you All of us need a little extra help at times. So if you want to borrow money for a new car or kitchen

More information

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR.

More information