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An underwriter decides if approving a large purchase, issuing a loan or an insurance policy to an applicant is feasible and doesn’t put the financial institution backing the loan or insurance policy at unnecessary risk.   The company or an individual who provides underwriting services takes a financial risk for a premium, commission, spread, or …
If you are a parent or are about to become one, you may be wondering if having life insurance is something you should consider. Significant life events such as moving or becoming a parent tend to make us think about what we should be doing to protect our family. With so many other outgoings every …
Whether you’re in your 20s or your 60s, taking out a life insurance policy is a sensible move, especially if you have children or family members that rely on you financially. Though nobody wants to think about dying, the truth is that you’re not going to live forever, so life insurance can give you peace …
There’s no doubt that a life insurance policy can provide valuable protection for your family and give you reassurance that the people you love most, are looked after if you die. However, there are several factors that can affect the price and level of cover you will be offered. Some of these factors are outside …
When you become a parent, you suddenly gain a responsibility like no other. Not only are you responsible for yourself but now you are also responsible for a small person who depends on you for everything. It’s a journey that is exciting and scary in equal measures, and you are likely to have a huge …
A ‘term life insurance’ policy provides a guaranteed death benefit to your beneficiaries if you die during the agreed term. For example, you take out a £250,000 policy for 50 years. You pay £10 per month (known as the “premium”) and if you die within those 50 years, the insurance company pays out the amount …
What is life insurance? A life insurance policy is a guarantee that your loved ones will be provided with a financial cushion after your death, so long as certain criteria are met. Broadly, there are two kinds of life insurance policies: • A term life insurance policy • Whole of life policy Whole of life …
Whole of life insurance is defined as life insurance that guarantees a death benefit to your beneficiaries no matter when you die. The death benefit is the amount of money paid out upon your death and is often referred to as the amount of cover you take out. Unlike term life insurance, which covers you …
Do I Need Life Insurance for a Mortgage? Whether you’re in the process of applying for your first mortgage or you’re remortgaging, the chances are that you’re wondering whether or not to take out a life insurance policy. Though there’s no legal requirement in the UK to have life insurance for a mortgage, the truth …
Life insurance is a financial product available to adults in the UK who are looking to protect their family from any financial commitments they may have (mortgage/debts/child costs) or to leave money to family members for their future. A life insurance policy pay-out is set-in-motion upon the death of the policyholder – in which case …

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Because we play by the book we want to tell you that...

1. We understand equity release isn’t for everyone, and we’ll never say it’s the right option for you, that’s why we pass you onto an Expert.

2. A lifetime mortgage is a loan secured against your property. With a lifetime mortgage there are typically no monthly repayments to make as the loan, plus roll up interest, is repaid when the plan comes to an end. Usually, that’s when you, or the last remaining applicant, either passes away or moves into long-term care.

3. With a lifetime mortgage you’ll still retain full ownership of your home.

4. Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits.

5. Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers.

6. Unless you decide to go ahead, Mortgage Advice Bureau Later Life’s service is completely free of charge as their fixed advice fee of £1,295 would only be payable in completion of a plan.

7. ClearKey is an independent marketing website which only acts as an introducer to companies who offer advice on various financial plans, products and services.

8. Our partners are authorised and regulated by the Financial Conduct Authority.

9. ClearKey.co.uk are not authorised to give any advice and we are not liable for any financial advice provided by or obtained through a third party.

10. Life insurance products attract terms and conditions. Price information contained within this website are for illustration purposes only. You will receive a full policy document upon application which will set out the terms, conditions and limitations of cover provided under the plan.

11. Your home may be at risk if you do not keep up repayments. Think carefully about securing debt against your home. When consolidating existing borrowing be aware that extending the term could increase the amount repaid.