Protection Services
Personalised Solutions, Every Step of The Way
Use protection services to protect your family and your investment. Should the worst happen you want to ensure that you are protected, our protection advice includes income protection and life insurance.
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SGB Mortgages
Protect Yourself, Your Family & Your Investment
SGB Mortgages can provide you with a full protection assessment. Your circumstances will be reviewed, and advice can be offered on protection services relevant to you.
Life Insurance
Protect your family with life insurance. There are many plans available to a range of ages. A comprehensive life insurance package will mean if the worst happens, your family will receive a payment to help, for example, with future mortgage payments. Life Insurance removes the worry of your family struggling without you there, giving you added peace of mind.
The Key Benefits of Life Insurance
- Paid in a lump sum
- Protects your loved ones or beneficiaries
- Better deals if you are younger or in good health
- Gives you much needed peace of mind
Critical Illness Cover
Critical illness cover is there to offer you financial assistance if you suffer a specified long-term illness. The illness does not have to be terminal. Critical illness plans can payout monthly ensuring your family and loved ones have enough finance to pay a mortgage and bills without you. People also use critical illness cover to make disability related home improvements or pay for private/specialist medical care.
The Key Benefits of Critical Illness Cover
- Tax free lump sum payment if you are diagnosed with an illness outlined in the policy
- You can use the funds for any purpose
- Gives added peace of mind for your family and loved ones
- The most common illnesses claimed for are cancer, strokes, or a heart attack
- Critical illness cover can also cover your children if added to the policy
Income Protection
Protect your income with income protection plans, you can insure yourself for up to 70% of your income should you fall ill or suffer an injury stopping you from working. This protection will be made via monthly payments until you are fit to work or the plan ends.
The Key Benefits of Income Protection
- Covers most illnesses and injuries that stop you from working
- Can replace up to 70% of your income covered
- Reduces financial stress while you recover
- You can claim multiple times throughout the length of your policy
- Income protection allows you to not have to rely on savings or statutory sick pay which often wouldn’t be enough to cover your monthly outgoings
- Added peace of mind for you and your family members
Tailor A Plan to Your Needs
Not everyone can afford complete cover or the highest rates of protection. SGB Mortgages will sit down with you and analyse which sort of protection is right for your circumstances. We will strive to find you protection coverage that is affordable and doesn’t strain your finance further than it needs to.
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Protection FAQ
What Types of Protection Coverage is There?
Protection cover is designed to support you and your family when you need it most. The types of cover we help you with are –
- Life Insurance
- Critical Illness
- Income Protection
- Injury or Sickness
Why Do I Need Protection Coverage?
Protection coverage is designed to offer you added peace of mind that should accident, injury, or death occur your loved ones are financially supported.
For How Long Will My Mortgage Repayments Be Covered?
Your plan will stipulate how long your protection will be paid out for and the total amount. Different protection insurances payout differently.
Life Insurance – Usually in one lump sum
Critical Illness Cover – Usually paid as a lump sum
Income Protection – Paid Monthly
Injury or Sickness – Paid Monthly
Is Protection Insurance Worth It?
Yes, protection insurance is worth it for the added peace of mind it provides you with. You can rest easy knowing that should anything happen your family and loved ones will be supported.
How Much Is Protection Insurance?
Your costs for your protection insurance will be dependent on how much coverage you want, the more and longer you pay the larger the payouts. We will work with you to find you the coverage you need that is affordable to your circumstances.
How Do You Get Lower Cost Protection Insurance?
For illness and life insurance prices can be lower if you are at a younger age and in good health, in addition to this not a smoker.
What’s The Difference Between Life Insurance and Mortgage Insurance?
Mortgage insurance will be used specifically to pay your mortgage when you are unable to. Life insurance however will be paid in a lump sum to your loved ones after your death.