Protection

You need to consider what would happen to you, your partner and your family if you couldn't pay your mortgage due to considerable change in circumstances.

JP Financial Solutions work from a panel of protection providers to help ensure should the worst happen, you can keep the roof over you and your family’s head.

A list of providers is available upon request.

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Life Insurance
Life insurance gives you peace of mind that your loved ones will be provided for should you die. There are many different ways to arrange life cover and JP Financial Solutions can help you find the most suitable.

Life insurance ensures that in the event of death your mortgage will be repaid and the costs not passed on to your dependents or loved ones.

Level term insurance provides a set level of cover for the term you choose. Decreasing term insurance covers you for the term you choose, but the level of cover decreases through the term of this policy.

This type of cover is usually used to cover repayment mortgages

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Critical Illness Cover
Critical illness cover pays a cash lump sum on diagnosis of a specified critical illness and can be the solution to your financial worries at this time.You could help your family cope for a while without income to pay household bills and debts.

This type of cover will pay out a lump sum which could pay for other things like:

Private treatment

Prescribed drugs not available through the NHS
Changes to your home
Paying off all/part of your mortgage


Only some forms of Cancer, heart attack and stroke are covered under critical illness insurance.


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Income Protection
This offers customers the security of knowing that their essential repayments will be made if anything happens. For example, if you are in an accident and are unable to work for a while, a lack of comprehensive income protection cover means you will rely solely on state benefit - around £70 per week - which is unlikely to be sufficient to meet your mortgage repayments.

This is where income protection can help as it provides a tax free monthly payment until you are able to return back to work.


Deferred periods may apply

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Accident, Sickness & Unemployment Cover
Accident, sickness and unemployment cover can give you peace of mind knowing that in the event of involuntary redundancy or illness your mortgage payments will be made and your home will be safe.

Most standard mortgages do not have any protection insurance included, so it's important to decide what kind of separate cover you need. Accident, sickness and unemployment cover insures you against changes in your circumstances due to redundancy, disability, or illness.

Usually payments are made for up to a maximum of 12 months. If you would like to be covered for longer than this you may want to consider taking out income protection.

For Accident Sickness and Unemployment Insurance JP Financial Solutions usually offer products from a limited panel of providers.

Deferred periods may apply

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Buildings & Contents
JP Financial Solutions work from a panel of insurance providers offering competitive rates etc.

For your added peace of mind, JP Financial Solutions can also arrange adequate contents insurance so that your belongings are covered against things like fire, theft and flood.



 

 

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Think carefully before securing other debts against your home.
Your home (or property) may be repossessed if you do not keep up repayments on your mortgage.

JP Financial Solutions, trading name of JP Financial Solutions 2016 Ltd is an appointed representative of Mortgage Support Network Ltd which is authorised and regulated by the Financial Conduct Authority. 

There may be a fee for mortgage advice.