Why protecting your mortgage makes financial sense

Why protecting your mortgage makes financial sense - Video Transcript

In this short video we'll tell you why protecting your mortgage makes financial sense, and how L&C's qualified protection advisers can help you decide the level of cover that's best for your personal circumstances, within a budget you can afford.

For most people in the UK, a mortgage is their largest financial commitment. As such, being able to maintain mortgage payments should be a priority, regardless of what life throws at you. For example, death, serious illness or redundancy. After all, it's too late thinking "if only..." after the event.

Many people have a low level of savings to act as a backstop. A survey by Yorkshire Building Society revealed that the average persons savings would last them just 52 days if they lost their income. Think about it... If your income stopped tomorrow; how long would your savings last?

It's easy to bury your head in the sand and think the unforeseen won't happen to you. However, it is a fact that 1 in 3 will develop cancer in their lives; 1 in 17 will die before they reach 50; and at present, over 2 million people are unemployed.
These facts cannot be ignored. We are all vulnerable in some way.

This is where the right protection can help. You should consider what matters to you most, and discuss it with one of L&C's specialist protection advisers. Whether you're a single first time buyer, have a home and a family, or are retired, we can offer tailored protection solutions to match your budget.

In an ideal world, we would all have full protection for everything. However, at L&C we appreciate that available budget plays an important part in deciding the cover that you should have in place.

Understanding your needs and budget, our specialist adviser will tailor a package of protection that's right for you. You wouldn't get that from any online comparison site. What's more, our advice is free.

There really is no risk to find out what the best protection package would be. L&C are the mortgage protection experts, and have 150 qualified advisers. Last year we arranged over 5,000 policies for cover in excess of £1.2 billion.

For a free, no obligation protection review, call us now on 0800 073 1932, or complete the enquiry form on our website, and one of our advisers will call you back. We look forward to helping you.