A mortgage can be a long-term commitment. Protection can help you and the people who rely on you manage the financial impact of death, serious illness or being unable to work. We help you understand the types of cover and consider what may suit your needs and budget.
Life insurance can pay a lump sum if the insured person dies during the policy term, subject to the policy conditions. You may use it to help a family meet mortgage commitments or provide financial support. The amount, term and type of cover should reflect your circumstances.
Critical illness cover may pay out if you are diagnosed with a condition defined by the policy and meet its terms. Conditions, definitions, exclusions and children’s cover differ between providers. We explain the relevant details when recommending cover.
Income protection can pay a regular amount if illness or injury prevents you from working, subject to the policy’s terms. The waiting period, benefit level, duration and definition of incapacity all matter when selecting a policy.
A new mortgage, a change in family circumstances, or a change in work can be a good time to review your existing protection. We look at any cover you already have and identify possible gaps. We will explain premiums and important exclusions before you decide.
Speak to our team by phone, online or by appointment in Accrington.
Open Financial Services Ltd is authorised and regulated by the Financial Conduct Authority (FCA), firm reference number 992612. Registered in England and Wales, company number 14374528. Registered office: 55 Abbey Street, Accrington, BB5 1EH.
The FCA does not regulate some buy-to-let mortgage contracts.
This website provides general information for UK consumers and does not constitute personal advice.