Life Cover

Life Insurance is all about planning for the unexpected. It gives you peace of mind that any financial commitments you have – including your mortgage, childcare costs or funeral expenses – are taken care of when you’re not around. Here at Lowrie’s Independent Mortgage Advice, we can provide your loved one’s with reassurance for whatever the future holds. This can be level term assurance or decreasing term assurance.

• Level Term Assurance – Will pay out a cash sum if you die or are diagnosed with a terminal illness while covered by the policy. The amount of cover you choose will stay fixed unless you change your policy. You choose the amount of cover you need and how long you need it for.
• Decreasing Term Assurance – Designed to help protect a repayment mortgage so the amount of cover reduces roughly in line with the way your mortgage decreases. Helping your loved ones to stay in the family home without worrying about paying the mortgage.

Critical Illness

You can’t know what’s around the corner for your health, but you can make sure you’re prepared financially. Critical Illness is an insurance policy that helps protect you if you become critically ill during the policy term. Think about the expenses you’d need to cover if you were critically ill and unable to work. If you don’t have savings to fall back on, getting cover can help take financial worry away while you’re recovering or having treatment.

Permanent Health Insurance

Designed to pay you a regular monthly income, protecting your standard of living, if you can’t work due to accident or sickness. With permanent health insurance, you can get cover for a wide range of illnesses such as heart disease, cancer and mental illnesses. It is payable until you return to work, die or the policy term expires, whichever happens first.

Unemployment Cover

Provides cover if you’re unable to work due to involuntary redundancy and can be used to protect things like your income, mortgage payments or loan and credit card repayments. It’s important to think about how you’d manage if you or your partner lost your job, especially if you’re paying a mortgage, loan or other debts, or have children to support. Even if you have money set aside, you could find it disappears quickly when it’s being used to pay for your monthly outgoings.

Buildings & Contents Cover

This is a combined home insurance that will cover or replace any damage that might occur to the house or its contents, including theft and loss.