Being prepared for the worst-case scenario always relieves some stress. In the event of an unfortunate accident, illness, or death, your financial responsibilities do not just disappear. Bills and monthly payments will continue to pile up, even if your life is on pause. Should you ever find yourself in a situation like that, as long as you have protection for the vital necessities, you won’t need to focus on anything other than recovering and moving forward. If having financial protection can make your darkest times a little less overwhelming and stressful, we think it’s worth it for you and your family.
Having the right protection can help pay your monthly expenses and mortgage payments and act as back-up support when you and your family need it the most. While we hope you are never in these situations, having protection can help to avoid a dire financial situation if it does happen. Our team of experts at Kyle Financial can help explain all your options when it comes to choosing the right protection for you and your family’s needs. We can work with you and your budget to get you the protection you can afford and guide you through the process.
Having life cover is beneficial for your family should you, unfortunately, pass away or are diagnosed with a terminal illness at some point during your policy term. Your life insurance will offer a payout for your family, either in the form of a cash sum or regular benefits, depending on what you selected for your policy.
If you’re wondering how much to put into your life insurance policy, the general rule is to cover 10 times the main income earner’s salary. Of course, you don’t have to stick to that exactly if your budget doesn’t allow for it. You can still get good coverage with a lower budget, but you should still aim to cover any outstanding debts, like a mortgage or other bank loan, as well as future spending, like university tuition for your kids or any expenses relating to a bereavement, i.e., funeral costs.
Income protection is helpful in the event you become unable to work and lose your earnings. This could be due to an injury or health problem. If you are unable to earn money, your income protection will pay out a monthly benefit amount to help cover your lost wages. With income protection, you won’t have to worry about not being able to pay your monthly bills while you’re not working, removing the burden from your partner, and alleviating any stress for your family.
Critical Illness Insurance
You need to protect your family in case you fall ill. Being able to focus your time and energy on recovering should be your priority, not worrying about paying the bills that don’t stop. In the event that you need a payout, your family will receive either a cash sum or regular benefits, depending on what you chose for your policy. This can help cover any bills, other outgoings, or any medical costs.
Building and Contents Insurance
It’s common for mortgage lenders to push for buildings cover so you can properly protect your investment. After all, it is most likely the biggest investment you will make in your life. Protecting the structure of your home, including all permanent fixtures, should be on your list of priorities as a homeowner.
The contents of your home should also have protection in the event of any major loss or damage. Anything that isn’t part of the building structure is covered under contents insurance. Having contents cover can help you to put your home back together the way it was, with the least amount of fuss possible.
Over 20 Years Of Experience
With so many different types of mortgages and protection options available it can be a daunting task trying to choose the right one.
Let our experienced team help find the right solution for your needs. For more information click below to book your free consultation.
Our Specialist Areas
Buy To Let Mortgages
When it comes to buy to let mortgages we understand all the hurdles and issues and can help guide you through the entire mortgage process, making your funding one less thing for you to worry about.
Gaining mortgage approval as a contractor doesn't have to be difficult. Our experienced advisors understand the unique aspects of contractor mortgages and are on hand to help.
1st Time Buyer Mortgages
Buying your first home can be a daunting task so let our team of experienced advisors guide you every step of the way.
When it comes to going up against life’s uncertainties, you cannot put a price on the protection for you and your family.
1st time buyers
Kind words from happy clients
K Anderson from London
The speed and professionalism of my adviser Tracy was most impressive.
C Martin from Glasgow
Chris Adam takes the daunting process of insurance and not only simplifies it but provides bespoke packages which suit my financial needs. He is a gentleman and it’s always a pleasure to hear from him.
Ian from Glasgow
Most Impressed with - The level of knowledge and experience provided, with excellent communication.
Most impressed with - The efficient service we received & how knowledgeable Tracy was
My advisor breaks in information down clearly and easily to understand. Is quick in replying to any issues or worries we have. Always has a friendly and helpful attitude.
Most Impressed with Remmea”s knowledge and the time taken to research market for best deal.
Remmea was very professional and gave us excellent advice as always.
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