Protection

Protection

Providing mortgage options in Shrewsbury and Shropshire

Financial protection in Shropshire


Mortgages and other financial contracts are huge commitments for people to stick to, and you never know if something is going to happen which could hinder your ability to continue repayments on a mortgage.
Financial Protection

Different mortgage protection policies


To help with this, Millennium Wealth Management offers different mortgage protection policies to safeguard you should a life-changing event occur.

These include:

Life assurance


This type of policy can protect your family if you die during the policy term.

It is usually the cheapest way to insure your life and pays out a one-off lump sum should the worst happen.

It can be used to cover a mortgage or loan and ensures your family is protected should the main breadwinner of a household pass away.

We can help you find the best life assurance plan for you.

Critical illness cover


If certain specified illnesses are diagnosed, this plan pays out a lump sum. 

It is often included as part of a life assurance plan but it can be offered as a standalone plan.

The quality of cover and illnesses that entitle you to a payout may vary so we can give you great advice as to what suits your requirements the best.

Income protection


This sort of plan pays out income on a regular basis if you cannot work because of an accident or illness. 

This plan pays an income as long as you can return to work before the policy expires.

Income protection covers people who are employed or self-employed, as well as those who are entitled to sick pay from their employer.
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