Protection Advice.
At Keynote Mortgage Solutions, we’ll help you understand the different types of protection available and recommend cover based on your circumstances, priorities and budget. Whether you’re looking to protect your mortgage, replace lost income or provide financial support for your family, we’ll help you put appropriate protection in place for the future.
Protecting What Matters
Everyone’s protection needs are different. Your income, mortgage, household expenses, family circumstances and existing financial commitments can all influence the type and level of cover that may be appropriate.
That’s why we don’t believe in a one-size-fits-all approach.
At Keynote Mortgage Solutions, we’ll take the time to understand what matters most to you before reviewing the protection options available. We’ll explain different policies clearly, help you understand what they can and cannot cover and recommend protection suited to your individual circumstances.
Whether you’re buying a home, starting a family, reviewing existing cover or simply thinking about your financial future, we’re here to help.
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.
As with all insurance policies, conditions and exclusions will apply.
The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.
Understanding Your Cover.
Protection insurance is designed to provide financial support if certain unexpected events affect you or your family.
Depending on the type of policy you choose, protection could provide a lump sum or regular income following events such as death, diagnosis of a specified critical illness or being unable to work because of illness or injury. There are several different types of insurance, and they don’t all serve the same purpose.
Life insurance, for example, can provide a financial payout if you die during the policy term. Income protection is designed to replace part of your income if you’re unable to work because of illness or injury, while critical illness cover can provide a lump sum following diagnosis of a specified condition covered by the policy. Understanding those differences is important when deciding what cover you may need.
Different policies are designed to address different financial risks. We’ll help you understand your options and identify cover that’s appropriate for you and the people who depend on you.
Life insurance can provide a financial payout if you die during the policy term, helping your loved ones manage mortgage repayments, household bills & other expenses.
Income protection provides regular replacement income if you’re unable to work because of illness or injury, helping with financial commitments.
Critical illness cover can provide a lump-sum payment if you’re diagnosed with a specified serious illness covered by your policy, giving you additional financial support.
Family Income Benefit is a type of life insurance designed to provide your loved ones with a regular income if you die during the policy term.
Protection can be arranged with your mortgage in mind, helping provide financial support towards outstanding mortgage commitments should certain unexpected circumstances arise.
Business protection can help businesses prepare financially for the death or serious illness of important people within the company, depending on the type of cover selected.
Financial Security
Most households have financial commitments that continue regardless of what happens in life.
Your mortgage or rent, energy bills, food, childcare and other everyday expenses still need to be paid if your circumstances suddenly change.
If your household relies heavily on one or more incomes, losing that income because of illness, injury or death could create considerable financial pressure.
Protection insurance can help provide a financial safety net.
The appropriate type of cover will depend on what you’re trying to protect. For some people, the priority may be helping their family repay the mortgage. For others, replacing income or providing ongoing financial support for children may be more important.
Putting cover in place isn’t about expecting something to go wrong. It’s about considering how you or your loved ones would cope financially if it did.
Finding the right level of cover
There isn’t one amount of protection that’s suitable for everyone. How much cover you may need depends on what you’re trying to protect and the financial impact an unexpected event could have.
If you’re considering life insurance, for example, you may want to think about your outstanding mortgage, other debts, household expenditure and the financial needs of anyone who depends on you.
For income cover , your earnings and regular monthly expenditure are particularly important. With Family Income Benefit, you may instead consider how much ongoing income your family could require and for how long.
Your existing workplace benefits, savings and protection policies should also be taken into account.
We’ll help you consider these factors so that your protection is based on your actual circumstances rather than simply choosing an arbitrary amount of cover.
What Our Clients Say
See why clients trust Keynote Mortgage Solutions for expert mortgage and protection advice.
Why Choose Keynote.
We’ll understand your priorities, financial commitments and existing arrangements before recommending appropriate cover.
We’ll help you explore different types of protection and suitable policies from a range of insurers ensuring we have the best protection for you.
Insurance is personal. We take the time to understand your circumstances before recommending cover designed around the things that matter to you.
We’ll explain your options without unnecessary jargon, helping you understand exactly what you’re considering.
From identifying your needs to completing your application, we’ll provide guidance and support throughout the entire process.
Your Journey
Arranging Insurance doesn’t need to be complicated. We’ll guide you through the process and explain your options clearly from the beginning.
We’ll discuss your circumstances, finances and property plans to understand what you’re looking to achieve.
We’ll consider insurance policies and explain different types of cover, including their features & limitations.
Based on your circumstances & priorities, we’ll recommend appropriate suitable insurance tailored to you and your needs.
Once your mortgage has been approved, we’ll continue supporting you through to completion.
Professional Guidance
Protection products can look similar at first glance, but the details of different policies can vary considerably. Price is important, but it isn’t the only factor worth considering. Policy definitions, exclusions, deferred periods, the length of cover and circumstances in which a claim may be paid can all influence whether a particular policy is appropriate.
A protection adviser can help you understand those differences.
At Keynote Mortgage Solutions, we’ll discuss what you’re looking to protect before considering suitable options from a range of insurers. We’ll explain the cover clearly and help you make an informed decision based on your needs and budget. We’ll also support you through the application process, helping make arranging cover as straightforward as possible.
Protect What Matters
Whether you’re protecting your mortgage, income, family or future financial security, our experienced advisers are here to help you understand your options. Speak to Keynote Mortgage Solutions today
Frequently Asked Questions
Protection insurance is designed to provide financial support following certain unexpected events. Depending on the policy, this could include death, diagnosis of a specified critical illness or being unable to work because of illness or injury.
Common forms of protection include life insurance, critical illness cover, income protection and Family Income Benefit. Different policies are designed to protect against different financial risks, so the right option depends on your circumstances.
Protection insurance isn’t generally a legal requirement for taking out a mortgage, although buildings insurance will normally be required by your mortgage lender. However, protection such as life insurance or income protection may help you or your family manage mortgage repayments if your circumstances unexpectedly change.
Life insurance is generally designed to pay out if the insured person dies during the policy term. Critical illness cover is designed to pay following diagnosis of a specified serious illness covered by the policy, subject to its terms and conditions.
A mortgage adviser can assess your circumstances, compare suitable products from a wide range of lenders and guide you through the application process. This can save time and help you understand which mortgage options are appropriate for you.
Yes. Many lenders provide mortgages for self-employed applicants, although the way they assess your income can vary. Having the right financial documents and approaching suitable lenders can make an important difference.
Still Have Questions? We are Here to help.
Get in touch with keynote mortgage solutions today.
