Individuals             

The types of cover we advise on and why you might need them.

1. Life Cover; pays out in the event of death during the term of the plan.

 

Why might you need it?

  • To cover a mortgage or other debts.

  • To protect your beneficiaries against any inheritance tax liability.

Considerations:


Do you want your beneficiaries to be left with the burden of selling your property just to pay the mortgage debt. They may have to sell at a reduced cost and may have the mortgage costs to pay while they are selling it.

 

2. Critical Illness; pays out in the event of being diagnosed with a critical illness.


Why might you need it?

 

  • To help fund medical costs, to make lifestyle changes, replace any loss of income.

  • To pay off your mortgage or go towards the monthly payments.


Considerations:

 

  • 1 in 2 of us will suffer a critical illness during our lifetime.

  • How might your life and priorities change if you were faced with a life changing condition? And do you have the finances to support that.

3. Income Protection; pays out in the event of being unable to work due to sickness or accident.


Why might you need it?

 

  • If you have little savings to fund any time off work while you recover.

  • If you have limited or no cover from work other than statutory sick pay.

  • If you are self employed and reliant upon your own ability to work.

  • If you have financial commitments to maintain i.e a mortgage.

Considerations:

 

  • In 2018 the average age of a claim was 43 for the provider Royal London with the average length of time a plan was paid out for being 9 years and 11 months.

  • Could your savings last 9 years and 11 months? If you think family could help consider the impact on their savings and lifestyle.

 

It is important to protect yourself and your lifestyle.

EVERMORE CAPITAL

WeWork

1 Fore St Avenue

Barbican

London

EC2Y 9DT

Evermore Capital is a trading style of Erica Sample Ltd which is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

This Firm usually charge a fee for mortgage advice. The amount of fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.