YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Abacus Financial Ltd is authorised and regulated by the Financial Services Authority and is entered on the FSA register under reference 461796. We charge a fee for mortgage advice and this is £99. Loans are subject to status, value and type of property. Think carefully before securing other debts against your home. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. The FSA does not regulate all forms of the products or services we provide. Sometimes we may pass your enquiry to our trading style of Abacus Associates. These pages provide generic information about various aspects of financial services advice that we provide either directly or as a referral service through carefully selected partners, as well as possible areas of clients’ financial planning needs. We hope they are helpful to you but they do not, on their own, add up to proper advice and we cannot take responsibility for anything you do in reliance on them without further discussion with us. Please do not make a decision based upon the information contained within these pages alone. They are not detailed or comprehensive enough to enable you to make an informed decision which is tailored to your circumstances and needs. Abacus Financial Ltd is registered in England, Registered number 5301473, Registered Address: 4 Thomas More Square, London E1W 1YW. VAT Registration Number 977 2291 81
Life Assurance
Life assurance is an insurance policy which pays out a lump sum on the death of the policy holder during its term. Life assurance is important as it ensures that, should you die, the property will become debt free and you are free to leave your property to your family clear of any mortgage debt.
Critical illness cover is an insurance policy that pays out a fixed amount of money if you are diagnosed as suffering from certain life-threatening or debilitating illnesses (the precise illnesses covered will be specified in your policy document) and survive for a period of days normally set out in your policy document. The insurance company pays out a cash sum, which you can use to repay the mortgage or spend in some other beneficial way.
It is important to note that there is no surrender or maturity value with these types of polices and cover ceases if you do not keep your premiums up to date.
Here at Abacus Financial, we can provide you with a quote for Life and critical illness cover as part of our advice and arrangement service. Contact us today to receive a personalised quotation.