Mortgage payment protection
Protecting mortgage payments in case of unexpected life changes
Have you considered how you would handle your mortgage payments if life took an unexpected turn?
For most people, family and home are top priorities. Protecting what matters most starts with having a plan to safeguard the roof over your head.
That’s where Mortgage Payment Protection can truly make a difference.
A Mortgage Payment Protection plan is designed to provide peace of mind, ensuring you’re prepared for the unexpected. In the event that illness, injury, or redundancy disrupts your income, this plan guarantees that you can continue meeting your mortgage obligations. This type of insurance, often called Accident, Sickness, and Unemployment (ASU) insurance, typically supports you for up to two years, providing a financial safety net during challenging times.
If you’re seeking long-term security, consider looking into Income Protection Insurance. These policies offer more comprehensive coverage and are designed to support you over extended periods, based on your needs.
Protection plans typically have no cash in value at any time and cover will cease at the end of term. If premiums stop, then cover will lapse.
Knowing your financial future is secure
A personalised approach to financial planning ensures that every aspect of your financial life works together to protect your family and keep you progressing toward your goals. Whether it’s securing your home, saving for the future, or adapting to life’s changes, having the right plan in place means you’re never caught off guard. Wouldn’t it be reassuring to know your financial future is secure and aligned with everything you’ve worked hard to achieve?
Time to ensure you achieve financial peace of mind?
If the thought of losing your income and struggling with mortgage payments concerns you, this type of plan may be appropriate. However, it’s crucial to seek expert advice, as not all plans will suit your individual situation. At Burlington Financial, we’ll guide you through your options and help you determine what’s best for you and your budget.
Why not get in touch with our Bridlington or Scarborough offices today? Together, we can turn your financial aspirations into reality.
