Insurance

Buildings and Contents Insurance

The property will need to be insured against damage.  Many people choose to include Contents Insurance with these policies.  Alan Dunn can provide Buildings and Contents Insurance at a competitive cost.  Contact us for advice on Buildings and Contents Insurance.

Accident Sickness and Unemployment Insurance. 

People who have taken advantage of a mortgage to buy a property need to think about what would happen if they became ill or unemployed.  Assistance from the Government in situations has been massively cut back over  the last few years and they strongly recommend that all borrowers ensure that they have appropriate arrangements to cover them in these situations.  Accident, Sickness and Unemployment Insurance can provide the necessary security and peace of mind.   Contact us for advice on Accident, Sickness and Unemployment Insurance

Term Life Insurance

Term life insurance is a simple and inexpensive form of life insurance policy that pays out a lump sum (the sum assured) in the event of the death of the policyholder, and is necessary if you want to ensure that your family and dependants will not suffer financially if the worst should happen. Term insurance is usually available on either a single or joint life basis and some plans also have additional benefits such as paying out on the diagnosis of a terminal illness during the term of the policy. If the policyholder or policyholders are alive at the end of the term the policy expires and no payment is made. If you stop paying premiums at any Stage during the term, the policy lapses and has no value.  There are several types of term insurance, some of which are detailed below.

Level term insurance is designed to pay out a sum of money if the policyholder should die during the term in which your policy runs. When choosing your policy, you should choose the amount you want paying out (the sum insured) and the length of time for which the policy is to cover (the term). The sum assured is guaranteed at the outset and remains unchanged through out the term. 

Decreasing term insurance (often called 'Mortgage Protection') is where the sum assured decreases over the term of the policy. This is commonly used to protect a capital & interest repayment mortgage, where the outstanding balance reduces each year.

Contact us for advice on Term Life Insurance

Common additional benefits:    Critical illness option is often available at an extra cost. The sum assured is payable on the conclusive diagnosis of a critical illness, such as cancer, a heart attack, multiple sclerosis or a stroke. These policies differ from private medical insurance plans, which pay for treatment in the event of critical illness. Details of conditions covered in most critical illness benefits are listed below, but please use these as a guide only.

Alzheimer's Disease,     Angioplasty,    Aorta Graft surgery,     Benign Brain Tumour

Blindness,    Cancer,    Coma,    Coronary Artery By-Pass,    Deafness,    Heart Attack

Heart Valve Replacement,    HIV/AIDS (under certain circumstances),    Kidney Failure

Loss Of Limbs,    Loss of Speech Major Organ Transplant,    Motor Neurone Disease

Multiple Sclerosis,    Paralysis/Paraplegia,    Parkinson's Disease,    Stroke,

Third Degree Burns,    Permanent Total Disability.

 Contact us for Insurance advice  

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Alan Dunn, Independent Mortgage Adviser, is an Appointed Representative of Mortgage Support Network Ltd, Regent House, 16 West Walk, Leicester LE1 7NA, which is authorised and regulated by the Financial Services Authority. Mortgage Support Network’s FSA Register number is 301681.
Mortgage Support Network’s permitted business is advising on and arranging mortgages and general insurance contracts.

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Last modified: 11/03/06