E F Solutions Ltd have access to a range of protection providers to help ensure, should the worst happen, you can keep the roof over you and your family’s head.
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 our advisors can help you find the most suitable deals available.
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.
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. For this relatively small cost, 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:
||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.
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.
Accident, Sickness & Unemployment Cover (ASU)
Accident, sickness and unemployment cover can give you peace of mind knowing that in the event of 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 our advisors usually offer products from a limited panel of providers.
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
Buildings & Contents
Buildings and Contents will be a condition of your mortgage that you have to insure the buildings of your property.
Buildings insurance will cover your home from such events as fire, flood and subsidence.
It generally covers the bricks and mortar of your home along with any fixtures and fittings within the property, and contents insurance protects the possessions within your home.
While buildings insurance is not compulsory, if you have a mortgage, it is likely to be one of the conditions imposed by your lender.
As soon as you buy a house and exchange contracts, you become legally bound and responsible for the property.
It is therefore essential that you ensure you have buildings insurance in place from the exchange of contracts to protect you from potential disasters out of your control.
Along with fires and floods, a good buildings insurance policy will protect your home against storm damage, subsidence, burst pipes and vandalism. Failure to have cover in place could result in you having to pay out thousands for repairs or even being left homeless.
Our expert advisers will talk to you about the level of cover you require, including any valuable items, bikes etc., and will be able to find you the most appropriate cover available for your circumstances.