Michael and Elizabeth were both in their mid-30s when they were referred to The Mortgage Brokerage by a friend, and after much deliberation and wasted time on comparison websites.
The couple sought an interest in reviewing their life insurance for the peace of mind that their mortgage would be covered in the unfortunate event that one of them should pass away during the policy.
Life insurance policy successfully in place
Two years after their policy was taken out, Elizabeth received the news that she had Multiple Sclerosis (MS) and cancer, both highly debilitating conditions. She knew the diagnosis of a lifelong condition would have a great impact on her both physically and mentally.
The couple remained very grateful to their friend who had referred them to us just a few years earlier. The life insurance policy which had been taken out provided Michael and Elizabeth with a cash lump sum to help support their cost of living and clear their mortgage balance.
It is worth noting that not all insurance providers cover conditions such as MS. At The Mortgage Brokerage our whole mortgage approach gives us the full breadth of market options, allowing our advisors to help create a clear picture of your options and advise which policy is best suited to your individual circumstances.
The importance of life insurance
There are many benefits to you and your family in having life insurance.
Life insurance provides you with a great deal of comfort in knowing that your loved ones will have a tax-free cash lump sum to help them manage financially in your absence. It is a way to care for the ones you love when you are no longer able to.
Your family are able to benefit from funds that cover the loss of your salary, pay off outstanding balances on mortgages and credit, and provide help to cover the cost of living however you deem necessary.
Life insurance can be confusing for many people. For a free initial consultation and tailored advice get in touch today.
