Life and Critical Illness Insurance

Not only can we generally save our clients money on different mortgage deals, but we also have the facility of assessing a range of insurances that are associated with your mortgage. It can be looked at in full detail for additional savings that can really add up.

Insurance is often considered expensive and can sometimes be left out of the equation when it comes to buying your home, we at KMS feel that it is inexpensive if researched and set up correctly, compared to the devastating effects that it may have on your life should you not have suitable cover in place.

We will never force you to have insurance, only guide you through the possible options available to you and assist you in a seamless and stress free way of arranging it for you with the peace of mind that you know we have the facility of sourcing the market for the best available options.

There are generally two types of plans available to protect your mortgage, either a Decreasing Term Assurance Policy, which is geared to run in conjunction with a Repayment Mortgage, the level of cover decreases in line with your mortgage amount; Or a Level Term Assurance Plan, which is usually used in conjunction with an interest only mortgage. The balance of the loan stays at the same level throughout the term until the loan is repaid by a repayment vehicle or the sale of the home. There are also the options of having the premiums guaranteed so that the costs stay the same throughout the term or having them reviewed annually. The reviewable plan is often cheaper at outset but does rise during the nominated term of the plan.

If you are considering life or critical illness insurance give us a call now to discuss your options, alternatively, click below for an instant on line quotation