Why is it important to have life insurance or critical illness cover?

Ensure You Have the Right Life Insurance, Mortgage Protection & Income Protection – With Trinity Financial

At Trinity Financial, we believe your mortgage should give you peace of mind and protection in the event of a serious illness or death. That’s why we strongly recommend ensuring you have suitable life insurance, mortgage protection, and income protection policies in place.

Why is this important?

Life is unpredictable. If you were to become seriously ill, injured, or sadly pass away, your loved ones could be left struggling to meet your financial commitments. The right protection means your family can keep the home you’ve worked hard for, without the added burden of financial strain.

What happens if you pass away and you still have a mortgage?

Without adequate cover, your dependents would still be responsible for the outstanding mortgage and their ongoing monthly costs. In the worst-case scenario, this could result in the property having to be sold to repay the debt. A life insurance or mortgage protection policy can clear the balance, ensuring your family keeps the home, also potentially has a lump sum to help cover future living costs, which is important if there is one less wage coming in.

Should you put a policy in trust?

Placing your policy in Trust can help ensure that the payout goes directly to your chosen beneficiaries, bypassing probate and potentially reducing inheritance tax. This means faster access to funds at the time they’re needed most. Our advisers can explain the options and arrange this for you.

How can Trinity Financial’s advisers help?

Conor Coleman and Chris Machay are experienced protection specialists who can:

• Assess your current mortgage, lifestyle, and family needs.

• Recommend the most cost-effective and suitable cover.

• Ensure your policy is set up correctly – including placing it in Trust where appropriate.

• Give you the reassurance that you and your family are fully protected, whatever happens.

Protect what matters most

Your mortgage may be your largest financial commitment. Make sure it’s backed by the right protection so you can face the future with confidence.

Call Trinity on 020 7016 0790 to review your existing protection policies. You can also contact Conor Coleman on 020 7016 6156.