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SJB Associates Independent Mortgage and Protection Advisers
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Life and Income Protection

 Key Areas

  • Life Assurance
  • Critical Illness
  • Income Protection
  • Redundancy Cover
  • Accidental injury cover

If you have a family you will value your loved ones above all else and want to protect their financial security.

Life Assurance

Have you considered the financial consequences to your family if you or your partner were to die? Who would pay the mortgage and/or the bills? Would you still want your family to have the lifestyle that you had planned? The purpose of life assurance is to provide financial protection for those who depend on us.

Critical Illness

If you or your partner were to suffer a serious illness, your lifestyle may need to change to help you recover, and there are almost certainly going to be financial implications.

A critical illness policy is designed to pay out a tax free lump sum for any qualifying condition to enable major commitments such as a mortgage or loans to be paid off. Or you may need to adapt your house (put in a downstairs bathroom for example), or pay for treatment. These all represent additional costs, at a time when the household income may well have been reduced. It would be considered wise to protect at least your mortgage and other debts.

Income and/or Redundancy Protection

We take it for granted that we will always be able to work. Imagine what life would be like if your income was reduced significantly or was to stop completely through illness/incapacity or redundancy. State Benefits are not especially generous and are now more difficult to claim.  

Glossary - an explanation of terms that you may come across

  • Level Term Assurance - designed to pay out a sum of money if the policyholder should die during the policy’s term. The sum assured is guaranteed and remains unchanged throughout the term.
  • Decreasing Term Assurance - amount of cover decreases during the policy, and is generally used to protect capital and interest repayments on a mortgage or other loan.
  • Renewable Term Assurance – On the policy expiry date there is an option to continue the plan without a health review.
  • Whole of Life Assurance - the cover stays in force for the rest of your life
  • Convertible Term Assurance - Level term insurance with the option to revert to whole life or endowment insurance.
  • Increasing Term Assurance – inflation eats into the value of money each year, and this form of insurance combats that with an escalating amount of cover.
  • Index-Linked Term Assurance – Some insurers provide the option for the premium to be increased each year in line with the Retail Price Index.
  • Insurable Interest - For an insurance contract to be valid the policyholder must have an interest in the insured person to the extent that the insured's death would cause him/her financial loss. This is called the insurable interest.   

    SJB Associates is a trading name of Steven James Ball, who is authorised and regulated by the Financial Conduct Authority and is entered on the FCA's register on their website (www.fca.org.uk) under reference 572665.

    This website and its contents are intended for UK consumers only and is subject to the UK regulatory regime.    


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