Life Insurance Gwynedd | Life Insurance Policy Conwy | Morgans Financial

Insurance Services Protection

Whether its mortgage, family or business protection, we are professionally qualified to make the correct recommendation to suit your circumstances. The products we offer advice on include Life Insurance, critical illness insurance, income protection, Landlords insurance, commercial insurance, buildings, contents, accident and sickness insurance.

Life Insurance

Life insurance is also known as family protection. In the event of premature death the surviving spouse should have sufficient funds to be able to support your family until they are financially independent. We consider all the options that each of our panel of providers offer and compare one against the other. We understand that the cheapest cover isn’t always the best, and tailor our advice to the clients needs.

Most providers offer cover that is level throughout the term or decreasing in line with your mortgage.

Whole of Life Policies

As stated in the Money Advice Service*, a funeral arranged in the usual way costs, on average, £3,757. A Whole of life policy can provide you peace of mind that your family can pay for your funeral.

A whole of life policy is:

  1. A life assurance contract designed to give you a specified amount of cover for the whole of your life.

  2. Pays out a lump sum on death.

  3. Options which can be chosen at outset for an additional cost are Waiver of Premium benefit and Indexation.

  4. Premiums guaranteed throughout policy term.

  5. Limitations and exclusions apply.

More information is available here

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https://www.moneyadviceservice.org.uk/en/articles/how-much-does-a-funeral-cost

Critical Illness Insurance

Pays out a tax free lump sum on the diagnosis of a specified range of critical illnesses, for example, cancer (not all forms of cancer are covered), heart attack, stroke and MS and many others. This type of insurance can be effective for both personal use and to allow a business to continue should a key person be diagnosed with a critical illness.

Income Protection Insurance

This would pay a percentage your income in the event of the inability to work, due to accident or illness.

This pays after a period of time known as the deferred period and pays an income until the day you return to work or a pre-specified date. There are many variations of this product and it is imperative that you seek professional advice.

Accident Protection

Accident protection provides financial support for a range of specified accidental injuries and UK hospital stays. Unlike protection from other providers, there are no limits on the number of claims you can make and you will be protected for as long as you hold your policy.

Benefits include:

  1. Protection for a range of accidental injuries, including broken bones

  2. Cash pay-out for every 24 hours you spend as an in-patient at a UK hospital as the result of an accident

  3. No health questions asked when you apply

  4. Add cover for your children from just £1 extra a month

  5. Accidental death and funeral cover, to provide peace of mind if the worst happens.

Great value protection
Cover starts from as little as £8 to £40 per month, depending on the level of protection you choose. Plus, the cost of your cover won’t change when you make a claim or as you get older.

MetLife won’t ask you any health questions when you take out the policy. You can take out this policy from 18 years old up to your 60th birthday and can continue cover up until your 70th birthday.

You will receive UK hospital cover for every 24 hours you spend as an in-patient as the result of an accident. Once you’ve had your policy for 12 months, you can also claim for time spent in hospital due to sickness.

With MultiProtect you will also receive free and unlimited access to our professional wellbeing support centre, provided by Health Assured, a leading wellbeing assistance provider in the UK.
Through the Health Assured online portal and dedicated telephone line, you will have independent and confidential access to a wealth of expert resources, 24/7.

MultiProtect also offers extended cover options for families, those with active lifestyles and those who may be at particular risk of certain illnesses. Optional cover is available from just an additional £1 per month, so you can tailor your cover to your circumstances and what’s important to you.

Why Choose Us?

  • Morgan’s Financial Services are a trusted company that have been trading for 36 years with its practise principal Dave Morgan at the helm.
  • We are a local firm. By being local we believe that this gives you peace of mind that you can call in at any point if you have any queries and discuss it face to face rather than having to deal with a call centre.
  • Morgan’s Financial Services is regulated by Openwork. Openwork is one of the largest and longest-established financial advice networks in the UK and ensures that all of our recommendations are the best possible choice for you.

Frequently Asked Questions

A meeting with one of our fully qualified financial advisors will quickly provide you with a better idea of your affordability.
Our fee is £350.00 upon application of a mortgage following your free initial consultation where we will establish your affordability and find the right mortgage to fit you.
Mortgage applications vary case by case, but at Morgan’s Financial Services we will do everything in our power to ensure it is a smooth and swift process.
Ensuring you have adequate protection for your mortgage if the worst was to happen not only gives you peace of mind but also protects those that you would leave behind.
Following a meeting with our financial advisors we will be able to correctly inform you about whether you are eligible for equity release and refer you to the right people that will be able to guide you through the process.

Need more help? Speak to us on 01248 800400

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*Will writing is not part of the Openwork offering and is offered in our own right. Openwork Limited accept no responsibility for this aspect of our business.