Why Do You Need Protection?

If you have a mortgage, family, business or a combination of all three, it is essential to protect yourself for the future. Protection policies are there for the worst case scenarios like being unable to work and pay for the mortgage or being diagnosed with a serious medical condition and being unable to support the family.  You may run your own business and need cover too.


It is easy to disregard the horrible events in life which may occur and instead bury ones head in the sand and hope for the best. Death of a loved one or a lengthy hospital treatment or even loss of income will mean that many people have to sell their homes as a result.

If you lose an income due to an accident or critical illness it seriously risks your ability to continue the same life you have become accustomed to.  Fairview Financial can look at the most effective (and cost effective) options available to ensure some or all of these risks are dealt with.

It is not just mortgages that require protection. You may wish to cover your family to ensure there is no change to your financial future in the event of serious illness. Likewise, if you run a business or are a key member of the company, you may wish to insure this fact, making sure that the business is unaffected too.

Fairview Financial are not only specialist mortgage advisers, but we can also access the market for your protection needs too. Many banks, building societies and estate agents are often tied to just one insurer and therefore cannot give a true reflection of competitive market rates.  High quality independent advice is central to the Fairview Financial philosophy..


Here are some examples of the many types of protection currently available, which all protect you and your family/loved ones for the future to ensure you do not risk losing your property in spite of life events:

• Decreasing Term Life insurance: This product provides a lump sum payment on death. It is called decreasing term assurance because the cover decreases each year. Many people set this up in line with their repayment mortgage so that at any time, if the insured dies, the cover pays off any outstanding mortgage debt remaining. This also helps keeps the costs down.

• Level Term (life) Insurance: Similar to the decreasing cover, this will pay out in the event of a death of the insured to cover an outstanding mortgage but the cover remains level (the same) throughout the term.

• Critical Illness Cover: This type of cover can be taken out as a standalone policy or alongside your level or decreasing life insurance plan. Rather than pay out for death, this instead pay out a lump sum during the mortgage term but due to a critical illness (such as cancer or heart condition).  These policies also may have a survival period after diagnosis.

• Permanent Health Insurance (usually known as income protection): Provides a long term, usually tax free income, if you are unable to work due to accident or sickness. This usually will be for at least the mortgage term, or preferably to retirement. This tends to be set up to take over from when your employer’s sick pay would normally end e.g. 13 or 26 weeks.


WE will search the whole of market ACROSS thousands of mortgage deals to find you the right MORTGAGE.null