protection

We promote a fully protected mortgage at Abacus Financial... as we want you to remain safe in the knowledge that, if the unforseen occurs, your home will be protected. One of the best ways to ensure that you are protected, is insurance. We can advise you on a range of protection policies, which includes: Life and critical illness cover Life assurance is an insurance policy which pays out a lump sum on the death of the policy holder. 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, such as cancer or heart attack. The insurance company pays out a cash sum, which you can use to repay the mortgage or spend in some other beneficial way. 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. Please call 08456 58 57 50 (low call rate) or 01202 422254 to speak to one of our expert advisers. Buildings and/or contents insurance When you take out a mortgage to purchase your home, the lender will insist that there is adequate buildings insurance in place to ensure that if the property were to fall down it is covered for a rebuild. You will probably also wish to insure your contents to give you peace of mind that your possessions are covered against various insurable events. Call one of our advisers to discuss your buildings and contents options in more detail. Mortgage payment protection For most homeowners, their mortgage is the biggest financial commitment they will ever have and repaying it on a monthly basis is often the largest single outgoing. But what would happen to your mortgage if you were unable to work due to an accident or sickness; or even because you were made redundant? You might think that state assistance would be available, but that is often not the case. Mortgage payment protection insurance is designed to help you meet your mortgage repayments in the event of accident, sickness or unemployment. Call us today to discuss protection of your mortgage payments with one of our expert advisers. Private Medical Insurance Private Medical Insurance is designed to help you avoid the stress of long hospital waiting lists and inconvenient appointment times. You can request where and when you want treatment carried out and by whom (subject to policy terms). Without private medical insurance, paying for surgical procedures on a private patient basic could be very costly. At Abacus Financial we offer a free quotation service, just call us on 08456 585750 (low call rate) or 01202 422254. 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. Abacus Financial Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 461796. We may charge a fee for mortgage advice, and this may be up to £595. Loans 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.