Protection / Mortgage cover

If you are in good health, it is easy to think that you will never need to take out life cover. Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’ However, it is this exact frame of mind that could put you and your family at risk.

We take out insurances to protect our home, contents, travel, cars, gadgets, and even our pets, but we forget the most important thing; ourselves, our family and our ability to pay the mortgage should something happen.

At DJFS we have a moral obligation & a duty of care to offer our clients mortgage & family protection giving you the peace of mind that if serious illness or injury does touch your life, having the right cover that enables you to pay off your mortgage and cover the bills will make all the difference.

How it works

We offer a range of policies depending on your needs. These include Life Cover, Critical Illness Cover, Income Protection and Family income benefit. Working alongside a trusted panel of insurers, our experienced protection specialists can talk through the various options available to ensure you have the right policies in place within your budget.

Life insurance

Life Insurance is a great way to help protect your family from the financial worries they could face if you were no longer around. It covers the mortgage of your house or other living expenses and is designed to give you the peace of mind that your family will be looked after should the worst happen.

Cover is usually on a level or decreasing basis.

Level Term Assurance

This will give you the same amount of cover throughout the life of the policy and will pay out that amount if you make a successful claim. This type of policy relates to an interest only repayment mortgages.

Decreasing Term Assurance

This can also be known as Mortgage Term Assurance – The sum assured will decrease over the term, broadly in line with your outstanding mortgage amount and will pay out the sum assured upon a successful claim.

Family Income Benefit

This is a Life Assurance plan. However, unlike traditional policies that pay out a lump sum, family income benefit provides beneficiaries with a regular, fixed, tax-free income.

Regular income payments run from the date of death, until the end of the policy term, as chosen at the outset by the policyholder.

Monthly income payments can replace a lost income and help long-term family budgeting. Information regarding taxation levels, basis of reliefs are dependent on current legislation, individual circumstances and are not guaranteed and may be subject to change.

Critical Illness

A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. Some life insurance plans will also include an element of critical illness cover but it is also available on a stand-alone basis as set out within the policy terms.

In the event of the insured’s diagnosis, money paid out from a Critical Illness policy could be used to help maintain your standard of living or pay off the mortgage. Allowing you the time and space to fully concentrate on recovery.

Income Protection

How would you cover monthly outgoings if you were sick or accidentally injured and couldn’t work?

Income protection is an insurance policy that pays out if you are unable to work due to illness or injury.

These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).

This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income to cover monthly outgoings.

Please note for these insurance products, terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.