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Tel: 0333 456 0015 Email: mike@mj-financial.co.uk

Mortgages

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Protection

How much cash would your family need to maintain their current lifestyle if you die prematurely
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Life and Protection Insurance

The cost of insurance, particularly life insurance has fallen over recent years, whilst the quality of cover has in many cases increased. With this in mind, it makes sense to periodically review your cover with the help of a professional financial adviser. This section provides helpful information on the different types of protection product available.

The Financial Conduct Authority does not regulate Trusts.


What is Critical Illness Cover?

What is Critical Illness Cover?

Although Critical Illness cover is sold by life assurers, there is a big difference when compared with life insurance - you don't have to die to benefit from the Critical Illness insurance policy. This type of cover is designed to pay out a lump sum in the event of you suffering from certain types of critical illness or if you have to undergo certain types of surgery as specified in the policy terms and conditions.

What is Income Protection Insurance?

What is Income Protection Insurance?

Income Protection Insurance is designed to pay you a regular monthly income if you are incapacitated and unable to work due to illness or injury.

What is Level Term Assurance?

What is Level Term Assurance?

The name says it all. It's term assurance, as you only get a payout within the set 'term' e.g. 18 years. Its level, because the payout you get is fixed from the start of the term until the end. Level term assurance thus guarantees a known lump sum payout upon death within a fixed time e.g. £150,000 if you die within the next 18 years.

What Is Mortgage Life Assurance?

What Is Mortgage Life Assurance?

Mortgage Life Assurance is designed to pay off the remaining mortgage debt on repayment mortgages if you die within a set period. It ensures your dependants need not worry about repaying the mortgage if you die.

Beginner's Guide to Protecting your Future

Beginner's Guide to Protecting your Future

It's a sad fact that whilst most of us are quite happy to insure our car, our house and our travel arrangements to their full value, few of us take quite as much care over our health and loved ones. This guide will assist you in considering your own situation.

What Is Whole of Life Assurance?

What Is Whole of Life Assurance?

Whole of Life Assurance is designed to pay out in the event of death, whenever it occurs. The premium you pay can include an investment element which helps to pay for the cost of cover over time. The cost of cover can be more expensive than term assurance, but there is usually a surrender value too.

Personal Finance

The Bank of England kept interest rates steady on Thursday and said most businesses felt as ready as they could be for a no-deal Brexit that would likely hammer economic growth and jobs.
British private-sector employers expect to give staff a basic annual pay rise of 2.5 percent this year, the same as in 2018, though some will delay awards until after government Brexit plans are clearer, an industry survey showed on Thursday.
Britain's main inflation rate ticked up last month but stayed close to January's two-year low, helping consumers maintain their spending power as wage growth also picked up, even though the timing of Brexit remained uncertain.
British employers ramped up their hiring at the fastest pace since 2015 in the three months to January as the labour market defied broader Brexit weakness in the overall economy.
British households were the most downbeat about their finances in over a year this month and the approach of Brexit made them more cautious about making major outlays, a survey published on Monday showed.