Let's be honest – insurance isn't exactly the most exciting topic. It's not up there with planning your next holiday or treating yourself to something special. But here's the thing: having the right protection in place gives you something truly valuable – peace of mind. And that's a gift that keeps on giving.
Life has a habit of throwing curveballs when we least expect them. One day everything's ticking along nicely, and the next, you're dealing with an unexpected illness, an accident, or – the unthinkable – losing someone you love.
Without proper protection, these difficult moments can quickly become financial nightmares. Mortgages still need paying. Bills keep arriving. And if you're suddenly unable to work or your family loses your income, the stress multiplies.
That's where protection insurance comes in. It's not about being pessimistic – it's about being prepared.
If people depend on your income – whether that's your partner, children, or anyone else – life insurance ensures they're looked after financially if you're no longer around. It can cover your mortgage, everyday living costs, and give your loved ones breathing space during an incredibly difficult time.
Getting diagnosed with a serious illness is tough enough without worrying about money. Critical illness cover pays out a lump sum if you're diagnosed with a specified condition, helping you focus on recovery rather than finances.
What would happen if you couldn't work for several months? Income protection replaces a portion of your salary if illness or injury stops you from working, keeping your household running while you recover.
Your home is probably your biggest financial commitment. Mortgage protection (often called decreasing term insurance) is designed specifically to pay off your mortgage if you die during the term, ensuring your family can stay in their home.
This is where things get personal. There's no one-size-fits-all answer because everyone's circumstances are different.
Think about:
A good mortgage advisor can help you work through these questions and find the right level of cover for your situation – not too little, not paying for more than you need.
"It's too expensive"
Protection insurance is often more affordable than people think, especially if you take it out when you're younger and healthier. And when you consider what it protects, it's usually money well spent.
"My employer's cover is enough"
Employer benefits are brilliant, but they often only cover you while you're working there. What happens if you change jobs or become self-employed?
"I'll sort it out later"
Later has a habit of never arriving. And the longer you wait, the older you get, which can mean higher premiums or even being declined for certain conditions.
You don't need to become an insurance expert overnight. That's what mortgage advisors are here for.
At Friends Capital, we take the time to understand your situation, explain your options in plain English, and help you find protection that fits your life and your budget. No jargon, no pressure – just honest advice to help you make the right decision for you and your family.
Here's what proper protection really gives you:
Think of it this way: you wouldn't drive without car insurance or leave your home uninsured. Your income and your family's future are just as important – probably more so.
If you've been putting off getting your protection sorted, now's the time. Whether you're buying your first home, remortgaging, or just realising it's something you need to address, we're here to help.
Get in touch with Friends Capital today, and let's have a conversation about protecting what matters most to you. Because financial peace of mind isn't just a gift – it's essential.