Do I need life insurance for a mortgage?
Do I need life insurance for a mortgage? Ask the Adviser – Molly Higgins Whilst you won’t be legally obliged to obtain life insurance to cover a mortgage, some lenders prefer borrowers to have mortgage protection insurance in place as a precondition to lending. This means that if you were to pass away, the mortgage…
Read more
Can life insurance companies access medical records? Ask the Adviser
Can life insurance companies access medical records? Ask the Adviser – Molly Higgins The short answer is yes, but not without your permission. If you are applying for life insurance, critical illness or income protection, your insurer may ask you for permission to contact your GP so that they can obtain details of your medical…
Read more
How much life insurance do I need? Ask the Adviser
Ask the Adviser – Molly Higgins In order to assess how much life insurance you need, your Adviser will ask you the following questions: Mortgage – How much is outstanding? What is the remaining term of the mortgage? Rent – How much rent do you pay per month? Also, consider how much your rent may…
Read more
Flexible Income protection for Teachers and NHS workers
Flexible Income protection for Teachers and NHS workers We are experienced in providing flexible income protection for clients who are employed by the NHS or are Teachers. This type of policy could provide a tax-free income should you fall ill and are unable to work. This type of cover could continue to pay out until…
Read more
Why you can Trust Future Proof
Why you can trust Future Proof with your family’s insurance Awards – we’ve been lucky enough to have won several industry awards, which we’d like to think endorse our ethical approach. Our awards Advisers – first and foremost, we are advisers, not salespeople, and our ethos is to treat every customer as we would a…
Read more
Will a co-habiting partner automatically receive the benefit from a life policy?
Do unmarried partners automatically receive the benefit from a life policy? In short – probably not. If you are cohabiting and your partner has not made a will or has not written their insurance policy in Trust, the insurance benefit will pay out to their closest family member and NOT their partner as British law…
Read more
My Insurance is too expensive for me, what can I do other than cancel it?
My Insurance is too expensive for me, what can I do other than cancel it? We are confident that we have recommended the best policy for your circumstances. However, if your circumstances have changed, or your budget is tight, we can help to give you some breathing space. But, remember, Some cover is ALWAYS better…
Read more
Life Insurance – Can I appeal against an Underwriting Decision?
Life Insurance – Can I appeal against an Underwriting Decision? Can I appeal against an underwriting decision? Our client We were contacted by Mrs D, a 66-year-old widow who was in the process of providing a gift of £850,000 to her children following discussions with her solicitor. The gift will be liable to a tax…
Read more
Life insurance to cover equity release on your residential property
Life insurance to cover equity release on your residential property Our clients Our clients were referred to us because they had taken out equity release on their property. They wanted to take out a life insurance policy that would pay out a lump sum if either partner was to pass away. This was so that…
Read more
Life insurance for women – Is it as important as insuring a male partner?
Life insurance for women – Is it as important as insuring a higher-earning male partner? A lot is written about the gender pay gap when it comes to men v women in terms of salaries. Sadly, this isn’t the only gender gap that affects the financial welfare of women and their families. There is also…
Read more