Protection

Whether affected by long-term illness, disability, or death, mortgage protection can ensure that your mortgage continues to be paid. It's a step that can provide you with peace of mind, knowing that you and your loved ones will still have a home even if something unexpected were to happen.

Protection comes in three main types:

Income Protection:

This provides a regular income if you are unable to work due to an injury or illness. You can have a policy to replace a percentage of your lost income until you return to work.

Life Insurance:

This provides either a single lump sum or a regular income to your loved ones when you die. This money can be used to pay off your mortgage or provide an income to cover ongoing household expenses.

Serious and Critical Illness Insurance:

This provides a single lump sum on the diagnosis of a range of serious, non-fatal conditions, including heart attack, stroke, and cancer. It often comes as an optional extra to life insurance but can be bought separately.