Taking out a mortgage is likely to be the biggest financial commitment we’ll ever make in our lives. That’s why it’s important to plan for the unforeseen and ensure you have the right protection in place to give you and your loved ones peace of mind.
We work with you to customise personal insurance solutions specifically to fit your individual needs by taking time to understand your situation, then search across the market to recommend the best quality cover that suits your budget and circumstances.
This policy pays a lump sum in the event of death during the term of the policy.
This policy pays a lump sum in the event of death during the term of the policy.. The benefit is paid tax-free. Premiums are usually monthly and fixed throughout the term. As the term and benefit are known from the outset, and there is no investment content. Term assurance can be a cost-effective method of protection.
There is no investment element within a term assurance contract, so at the end of the term there is no maturity value and life cover ends
Decreasing Term Assurance works in a similar way to Level Term Assurance, but the benefit is set at the outset and gradually decreases over the term of the policy.
Decreasing Term Assurance works in a similar way to Level Term Assurance, but the benefit is set at the outset and gradually decreases over the term of the policy. These policies can be used as cover for a repayment mortgage, or other loans where the amount of capital outstanding also decreases over time. As the benefit reduces over time, the premiums are usually lower than for Level Term Assurance.
Family Income Benefit is designed to supplement the loss of someone’s income into the household.
Family Income Benefit is designed to supplement the loss of someone’s income into the household.
It works the same as term assurance but instead of paying a lump sum upon death, it will usually pay a regular monthly/annual tax-free income in the event of death/suffer a critical illness to your dependants up until the end of the term of the policy.
Critical Illness cover is usually taken alongside life insurance but can also be setup on a standalone basis.
This policy is designed to provide a tax free income in the event that you are unable to work due to accident or sickness (including mental health).
This policy is designed to provide a tax free income in the event that you are unable to work due to accident or sickness (including mental health).
The level of premium will depend upon the amount of benefit and term selected. The policy will cease to pay the benefit either once you able to return to work or the term of the policy expires.
Home insurance provides financial protection in the event of something happening to your property and/or belongings. Arguably your home is one of your most valuable possessions and it contains all your belongings and memories. Whether you rent or own your home, insuring it makes sense.
Home insurance provides financial protection in the event of something happening to your property and/or belongings. Depending on your policy you can be covered for theft, fire, flood, loss, accidental damage and more.
Why McGill Mortgages stand out...We can provide face-to-face and telephone advice for our customers.
For insurance business we offer products from a range of insurers.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
