Mortgage Protection Insurance

<body> <table width="1000" border="0" bordercolor="#FFFFFF" style="border-collapse:collapse" cellpadding="5" cellspacing="0"> <tr> <td class="style3" width="110" rowspan="3" align="left" valign="top" bgcolor="#0000FF" background="../cellback1.gif"> <p> </p> <p><br><a href="../index.php"> Home</a></p> <p><a href="../aboutus.php"> About us</a></p> <p><a href="../ProductIndex.php"> Investments</a></p> <p><a href="../insurance.php"> Insurance</a></p> <p><a href="../Mortgages/Mortgages.php"> Mortgages</a></p> <p><a href="../changeofagent.php"> Change of  agent</a></p> <p><a href="../Fund-supermarket.php"> Fund<br> supermarkets</a></p> <p><a href="../ourprocess.php"> How to apply</a></p> <p><a href="../documentation.php"> Documents</a></p> <p><a href="../faq.php"> FAQs</a></p> <p><a href="../Links.php"> Links</a></p> <p><a href="../Contact.php"> Contact us</a></p> <p><a href="../Refer-a-friend.php"> Refer a friend</a></p> <p><a href="/Charity/CharitableGiving.php"> Charitable<br>  giving<br>  scheme</a></p> <br> <br> <br> <br> </td> <td align="left" valign="top" style="border-bottom-style: none; border-bottom-width: medium"> <a title="Clubfinance Discount Broker for Investment and Insurance Homepage" href="../index.php"> <img border="0" src="../Clubfinance_Logo_5.gif" width="285" height="36"></a><br> <font face="Arial" size="1"><b>                      Discount Broker for investments, insurance & mortgages</b></font></td> <td align="left" valign="top" style="border-bottom-style: none; border-bottom-width: medium"> </td> </tr> <tr> <td height="2%" colspan="2" align="left" valign="top" style="border-style: none; border-width: medium"> <h1 dir="ltr"><font size="4" face="Arial">Mortgage Protection Insurance</font></h1> <p align="justify"><font face="Arial" size="2">We have an on-line no obligation quotation service for Mortgage Protection Insurance:</font><p> <font face="Arial" size="2">               <A HREF="https://www.webline.co.uk/Term.asp?Vnd_Number=6566&SS=default.css" onMouseOver="document.insurance.src=insuranceOne.src" onMouseOut="document.insurance.src=insuranceTwo.src"> <IMG SRC="Mortgage-protection-insurance-online-quote-button1.gif" BORDER="0" Name="insurance" ALT="Click here for a no obligation quote for mortgage protection insurance" align="middle" width="130" height="39"></A>   </font> <font face="Arial" style="font-size: 11pt"> <a href="https://www.webline.co.uk/Term.asp?Vnd_Number=6566&SS=default.css"> <img border="0" src="insurance-quote-arrow1.jpg" align="bottom" width="264" height="106"></a></font><p align="justify"> <font face="Arial" size="2">Please select the "Mortgage Protection" option from the drop down menu for product type. Please ensure you read the Key Features and other product information and fully understand the policy you are interested in. See the<a href="#Application"><font color="#FFFFFF"> </font> <font color="#0000FF">Application</font><font color="#FFFFFF"> </font></a> section for an outline of the process following the quote.</font><p align="justify"> <font face="Arial" size="2"><b><font color="#FF0000">Remember</font></b> your <a target="_parent" href="../documentation.php"><font color="#0000FF">Client Declaration</font></a><font color="#0000FF"> </font>(all parties to sign), see<font color="#0000FF"> </font> <a target="_parent" href="../ourprocess_insurance.php"> <font color="#0000FF">our process</font></a><font color="#0000FF"> </font>for details. As with all online quotations of this type, the premiums quoted are estimates only and the actual premiums will depend on individual circumstances. If the eventual premium differs from the quotation, the policy will not commence without your agreement.</font><p align="justify"> <font face="Arial" size="2">Please note that quotations are valid for only a limited period of time, generally 30 days. In addition, unless you proceed to the personal illustration stage, it will be necessary to requote. If your circumstances change between the quotation being generated and the policy going into force, the premium may be affected. This includes passing a birthday, half-birthday (6 months after your birthday), or in some cases a quarter birthday (3 or 9 months after your birthday).</font><h1 align="justify"> <font size="3" face="Arial">What is Mortgage Protection Insurance?</font></h1> <p align="justify"> <font face="Arial" size="2">Mortgage Protection Insurance is designed to pay a tax-free cash sum to pay off the outstanding balance of a repayment mortgage if you die during the plan term (or with some products are diagnosed with a terminal illness). Mortgage Protection Insurance (or decreasing term assurance) is a form of non-investment life insurance (‘term insurance’ or ‘term assurance’). Life insurance offers financial protection in the event of your early death if you have family or others dependent on your earnings. A policy usually covers just one person, but in some cases a spouse or partner can be covered under the same policy.</font></p> <h4><font face="Arial"> <a href="Term-insurance.php" style="text-decoration: none; color: white"> <font color="#000000">Term assurance</font></a></font></h4> <p align="justify"><font face="Arial" size="2"> <a href="Term-insurance.php" style="color: white"><font color="#0000FF">Term insurance</font></a> gives you financial protection if you die within a specified period known as the “term”. Your individual circumstances will determine the term that will match your needs, which might relate to the length of your mortgage, or the time until your children become independent. If you survive until the end of the term you receive no payment from the insurance company. There is no surrender value, meaning that if you stop paying the premiums, the cover ceases and there is no refund of premiums paid.</font></p> <h1><font size="3" face="Arial">Uses</font></h1> <p align="justify"><font face="Arial" size="2">These policies are usually used to cover a repayment mortgage or other loan as they pay any outstanding balance of the debt if you die early. Since the interest rate will affect how quickly you pay off your mortgage, the pay out may be restricted if the interest rate you pay is above a specified limit. These policies are not designed for interest only mortgages or loans. Decreasing term assurance is sometimes also used to protect a liability to Inheritance Tax on gifts to others.</font></p> <p align="justify"><font face="Arial" size="2">A loss of life can result in a reduced income for your family or other dependants, which could lead to problems paying debts or meeting tax liabilities. In the event of your death, you may want to provide for family or others dependent on your earnings. </font></p> <p align="justify"><font face="Arial" size="2">On your death your estate might be liable to pay inheritance tax. Inheritance tax is payable if the value of your estate is above a certain limit. Life insurance can be written under trust so that on your death the sum insured does not form part of your estate and depending on the circumstances and the nature of the trust may not be liable to inheritance tax. Trusts can also avoid the need for probate so that claims may be paid more quickly.</font></p> <h1><font size="3" face="Arial">Quotes</font></h1> <p align="justify"><font face="Arial" size="2">In general the premium for a decreasing term assurance policy will be lower than for a level term policy with the same initial sum assured because the longer you live the less the insurance company will have to pay on death.</font></p> <p align="justify"><font face="Arial" size="2">Premiums may be guaranteed for the term of the policy or reviewable, meaning that the insurance company can increase them, usually following an initial period.</font></p> <h1><font size="3" face="Arial">Additional options</font></h1> <p align="justify"><font face="Arial" size="2">Most policies have additional options (these will increase the premium):</font></p> <ul> <li> <p align="justify"><font face="Arial" size="2">Waiver of premium – typically if you are unable to work due to illness or injury, the insurance company will pay your premiums to keep up the policy;</font></li> <li> <p align="justify"><font face="Arial" size="2"> <a href="critical-illness-cover.php"><font color="#0000FF">Critical Illness</font></a> – This provides cover against specific serious illnesses. Depending on the policy, a claim for critical illness may mean that the policy will not also pay out under the life insurance element. </font> </li> </ul> <h1><font size="3" face="Arial"><a name="Application">Application</a></font></h1> <p align="justify"><font face="Arial" size="2">To apply for a policy you will have to complete and sign a proposal form. This includes questions on your age, occupation and health. You must answer all questions truthfully. You must also inform the insurer of any change in your circumstances between completing the application and the policy going into force, if you do not, your policy may not pay out. Once the insurance company has received this information, in some cases it may need additional information for underwriting purposes. In some cases your answers may result in you being refused cover or a change to the premium quoted. Once the policy is in force you have an ongoing duty to tell the insurance company about any changes in your circumstance.</font></p> <h1><font size="3" face="Arial">Mortgage protection vs. Mortgage Payment Protection Insurance</font></h1> <p><font face="Arial" size="2">Mortgage Protection Insurance should not be confused with Mortgage Payment Protection Insurance – a form of Accident, Sickness and Unemployment insurance ('ASU') that usually covers your mortgage payments for a maximum of 12 or 24 months in the case of accident, sickness or redundancy, following a waiting period of either 30 or 60 days.</font></p> <h1><font size="3" face="Arial">Product providers included in the Clubfinance quote</font></h1> <p><font face="Arial" size="2">Our on-line quotation service includes the following product providers:</font><ul> <li><font face="Arial" size="2">AEGON Scottish Equitable</font></li> <li><font face="Arial" size="2">Aviva (was Norwich Union)</font></li> <li><font face="Arial" size="2">Axa</font></li> <li><font face="Arial" size="2">Bright Grey</font></li> <li><font face="Arial" size="2">Bupa</font></li> <li><font face="Arial" size="2">Friends Provident</font></li> <li><font face="Arial" size="2">Legal & General</font></li> <li><font face="Arial" size="2">LV= (was Liverpool Victoria)</font></li> <li><font face="Arial" size="2">Pru Protect</font></li> <li><font face="Arial" size="2">Scottish Provident</font></li> <li><font face="Arial" size="2">Synergy Financial Products</font></li> <li><font face="Arial" size="2">Unum Provident</font></li> <li><font face="Arial" size="2">Zurich</font></li> </ul> <h1 align="justify"><font size="3" face="Arial">Why does Clubfinance provide such low quotes relative to even some of the 'Discount Life Insurance' companies?</font></h1> <p align="justify"><font face="Arial" size="2">First, we do not give advice or recommendations. Second, Clubfinance has a very simple policy of providing excellent value to our customers. We do this by rebating our initial commission to reduce the premium. We rebate up to 90% of initial commissions. We urge you obtain quotes from other companies, as we are confident of our low quotes.</font><h1><font size="3" face="Arial">Conclusion</font></h1> <p align="justify"><font face="Arial" size="2">It requires careful planning to choose the right insurance policy. It is important to read the Key Features and other information relating to each policy to understand the features, benefits and limitations of each. It is also important to make sure that your cover continues to suit your changing needs and circumstances.</font><p align="justify"> <font face="Arial" size="2"><b>This is a general overview only. You must read the Key Features and other product information specific to the policy you are considering. This overview does not represent and is not intended to represent advice or recommendation. If you need advice you must contact a firm that can provide the advice you need.</b></font><p align="center"> <font face="Arial"> <a title="Click here for a no obligation mortgage protection quote" target="_blank" href="https://www.webline.co.uk/Term.asp?Vnd_Number=6566&SS=default.css"> <font color="#0000FF" size="2">Click Here for an on-line no obligation Mortgage Protection Quote</font></a></font><p> </td> </tr> <tr> <td colspan="2" style="border-style: none; border-width: medium"> <font face="Arial"> <b>Important Information</b></font><p align="justify"> <font face="Arial" size="2">Clubfinance Ltd is authorised and regulated by the Financial Services Authority. Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under ‘<a style="color: blue; text-decoration: underline; text-underline: single" href="../Contact.php"><font color="#0000FF">contact us</font></a>’. Users of this website should be aware of the following:</font></p> <ul> <li><p align="justify"> <font face="Arial" size="2">Past performance is not a reliable indicator of future results.</font> </li> <li><p align="justify"> <font face="Arial" size="2">The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.</font> </li> <li><p align="justify"> <font face="Arial" size="2">Some investments and policies may only be suitable as medium or long-term products.</font> </li> <li><p align="justify"> <font face="Arial" size="2">Tax treatments depend on your individual circumstances and may be subject to change in future.</font></li> <li><p align="justify"> <font face="Arial" size="2">This website contains financial promotions relating to services offered by and products available through Clubfinance.</font> </li> <li><p align="justify"> <font face="Arial" size="2">In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail. </font></p> </li> </ul> <p align="justify"> <font face="Arial" size="2">The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, </font><span style="font-family: Arial"> <font size="2">please <a style="color: blue; text-decoration: underline; text-underline: single" target="_blank" href="../Webconditions.php">click here</a> for details.</font></span><font face="Arial" size="2"> It is not for distribution in any other jurisdiction, including the United States of America. Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.</font></p> <p align="center"> <font size="1"><span style="font-family: Arial">©</span></font><span style="font-family: Arial"><font size="1">2004-2010 Clubfinance Ltd, all rights reserved. <br> </font></span><font size="1"><span style="font-family: Arial"> Clubfinance Ltd. Registered Office: Charleston House, 13 High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AA<br>  Telephone: 01442 217 287, Fax: 01442 241 045<br> Registered in England, Registered Number: 04522114. Consumer Credit Licence Number: 608951<br> Clubfinance Ltd. is authorised and regulated by the Financial Services Authority (400139)</span></font></td> </tr> </table> </body>