COVID-19: The Importance of Financial Protection

The Coronavirus (Covid-19) pandemic has had a profound impact on everyday life across the globe. For months we sat back, watching Governments around the world struggle with the decision of how and when to lift lockdown measures, when businesses would re-open and how to protect the people who may have lost their jobs, due to the pandemic. Not forgetting those Thursday evenings we all spent clapping, for every single person working on the frontline.

Many of us are concerned with what’s going to happen over the coming months or even years, and worries surrounding our financial wellbeing continue to linger in our minds. Now is the best time to consider what’s best for you and your loved ones going forward.

Here at Aberdeen Mortgage Company, we specialise in financial protection for you and your family. it’s important to know the different types of insurances that is available to keep you financially protected. Our video explains all that we can help you with.

What type of protection is available to me?

Life Insurance

Life insurance helps protect your family from the financial worries they could face if you die. It means that your family will receive a lump sum or regular income after you’re gone. It can help with household bills, child-care costs or covering mortgage payments.

Critical Illness Cover

Critical illness cover is there for you if the worst happens and you are diagnosed with a serious illness such as cancer or heart attack. Having a critical illness cover in place can help ease your recovery by paying out a lump sum or regular payment when you are diagnosed with a serious illness. This could cover your care and treatment, your recuperation, help pay off your mortgage or make up for lost income.

Income Protection

Income Protection Cover is a policy that pays you a regular income if you can’t work because of injury or illness. It helps meet your outgoings such as mortgage payments or bills in the event you are unable to work. It pays out on a monthly basis, until you return to paid work or you retire (whichever is sooner).

Aberdeen Mortgage Company can help find you the best option to suit your monthly budget and will make sure the cover is suitable for your needs. Speak with our expert protection specialists today, call 01224 316200 or fill in our online enquiry form.

Lifetime Finance Group Limited trading as Aberdeen Mortgage Company is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority.