Insurance / Protection

Insurance and protection

Choose JWA Mortgages for professional advice on all matters concerning insurance and protection. We cater to the needs of clients in Cardiff and surrounding areas including Swansea, Newport and Bristol.

Income Protection 

This insurance policy is beneficial and offers you an income if you’re not able to work due to an illness or injury. The payments occur until your retirement, death or until the time you return to work. If you have any questions, speak to a member of our team today.

Mortgage Protection 

This life insurance policy will pay off your mortgage in case you or your partner dies during the term period. The policy will be valid for the duration of your mortgage. The lender will use the amount from the policy needed to pay off the mortgage and the amount left after that will be passed on to your estate.

ASU 

Accident, Sickness and Unemployment (ASU) insurance provides financial protection in case you’re not able to work due to:
  • Losing your job due to no fault of your own
  • Falling ill or becoming too sick to work
  • Injury or not being able to work
With this insurance coverage, you’ll get a portion of your income for up to 12 months.

Life & Critical Illness

This insurance coverage pays a tax-free lump sum in case you have been diagnosed with a critical illness or medical condition. The money can be used however you like and can be used to pay for all your debts or take care of all your medical bills. You need to make sure that you can afford the premium from the beginning because if you miss the payments, the coverage will stop.

Family Income Benefit

This is a type of family life insurance that falls under the term life insurance category. A Family Income Benefit (FIB) policy lasts for a fixed time known as the term. If you happen to die during this period, the policy pays out a steady tax-free income until the end of the term.

Home & Contents

Home and contents is a term that is used to define two types of insurance:
  • Buildings insurance
  • Contents insurance   
Building insurance covers items such as fixtures and fittings while contents cover household things such as furniture, TVs etc. You have the option to buy both of them individually or you can get them together as a joint policy. With this policy, you can cover loss and damage to all the items in your home.

Landlords Insurance

This insurance is aimed at protecting landlords from risks concerning their rental property. Normally it encompasses buildings and contents insurance; however, there is specific insurance coverage available that protects landlords against rent loss and property owner liabilities.   

Key Persons

Key person insurance is basically a life insurance policy that a company buys on a key company executive’s life. All premiums will be paid by the company and it will remain the beneficiary of the plan. The idea is to safeguard the company operations from the negative effect that the death of a key executive may have.
WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.

For mortgages, a fee of up to 3% of the mortgage is payable on completion of your mortgage depending on the complexity of your case. We estimate that for residential mortgages the fee will be £398 payable on completion of the mortgage. We may also be paid commission from the lender. 
 
Buy to Let, Commercial Mortgages, Unsecured Business Borrowing, Short Term Finance and Bridging Finance are not normally regulated by the Financial Conduct Authority. For this type of finance, our typical fees are a non refundable fee £497 paid at application and a fee of 1% paid on completion of your mortgage.

Contact

Contact JWA Mortgages today on

Technology Business Centre,
2 Alexandra Gate,
Ffordd Pengam,
Cardiff,
CF24 2SA
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