We can assist with a range of financial services, ensuring you plan for you and your family’s future
At Stepping Stones we can assist with a range of financial services, ensuring you plan for you and your family’s future. If you are taking out a mortgage and need life assurance or critical illness cover, we can arrange this for you.
Life insurance is taken out to guarantee protection against financial loss if you or your partner dies. It is often taken out to cover the balance of a repayment mortgage, and can also be taken out to provide financial support in the event of death.
The two types of cover are:
Please remember that life insurance is not a savings or investment product and has no cash value unless a valid claim is made.
Critical illness cover pays a tax-free lump sum if you are diagnosed with a defined critical illness during the policy term. Provided you keep paying your premiums, you should be covered throughout the term. Once the policy term ends, all protection stops.
When you take out a policy you can decide how long it will last e.g. until your children have grown up, or until the mortgage is paid off. Critical illness cover is often available as a combined policy with term life insurance. In these instances, you can often only claim once.
If you would like any further information regarding life insurance or critical illness, please contact us for details. Our advisors can answer any questions you may have.