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FAQ’s

When an insurance company processes a death claim they will require proof of death. This is provided by means of an original (official) Death Certificate - i.e. an official copy, made by a registrar, of the official entry in the Register of Deaths Photocopied certificates are not accepted - as these may be easily forged – and no other documents should be allowed as proof of death e.g. a grant of representation.

Solicitors are not generally allowed to photocopy death certificates for endorsement and use as evidence of death.

There is no legal limit on how many policies you can have, the levels of cover you apply for may be restricted depending on your financial circumstances.  You can take any number of covers as long as you can afford the premiums.  Multiple policies can offer an extra level of protection that a single plan may not able to provide you.

Yes, it may still be valid but there is a set criteria for this. E.g. the person still has a UK bank account or retained residential status in the UK.

 

If you currently have cover and have moved abroad, you must call your insurer and inform them of this. If for example you have moved or are moving to country where there is risk of war, you may need to look for a new policy as you may no longer be covered.

 

Many people decide to take out their life insurance when they are younger but then they may decide to relocate to another country, it is always advisable to contact your insurer to let them know so that you know that you are covered.

 

As with everything in your life, it is important to review your policies on a regular basis.

It is a policy which guarantees that the insurer will pay out a lump sum whenever you die rather than by a specified time frame like a term policy. 

The primary advantage of a whole of life policy is that as long as you keep up with the monthly premium payments, it does not expire or decrease in value and is guaranteed to pay out on your death.

Yes- dependent on your individual circumstances and terms of your new contract, we have lenders that will consider a mortgage application for those who have started a new job.

If you are within your fixed rate period, then you will not see an increase in your mortgage payments. If, however you have a tracker mortgage or are on the lender’s standard variable rate then you should expect to see an increase in your monthly repayments.  Equally, if the Base Rate decreases, then you would expect a reduction in your monthly mortgage payment.

Yes you can get a buy to let mortgage on a multi-unit property, however not all lenders will consider lending on this type of security as it is not a property type that can be easily sold to a single family. An example of a multi-unit property could be a single house which has been converted or split into two of more units, but the overall property is on a single title.

The lenders that usually accept this property type, will require for the individual units to be self-contained with separate access, own utilities, and they must not have individual leases on the units, if you are looking to lending against the whole building.

Some lenders will also require a minimum amount of landlord experience, before they will consider lending on this property type.

Most buy to let lenders will have separate HMO mortgage products. Hence if a property is a HMO, then you have to apply for a HMO mortgage on a HMO product.

Traditionally, these products tend to be more expensive than Standard Buy to Let properties and tend to be limited predominantly to specialist Buy to Let Lenders rather than the traditional high street banks.

In the event of a valid claim, income protection insurance pays a regular weekly or monthly income to those who are unable to work due to sickness or injury or those who have to switch to a lower-paid job due to sickness or injury. The main aim is to replace lost earnings, subject to a maximum limit.

The whole point of taking out a protection policy is to protect yourself and your family, why would you want to pay premiums for a policy which may never payout?

Insurers take any non-disclosure of requested information very seriously and have the right to investigate further if they feel that one of their applicants have not told the truth on their application. Some insurers can look at any point request medical information from your GP, and if the dates or condition(s) have not been disclosed, they can cancel the application so you would have paid your premiums for nothing.

It is very important, to make a full disclosure with regards to your health and lifestyle to ensure that in the event of a claim, the policy will pay out the benefit (sum assured).