Providing advice and arranging appropriate protection cover for clients is part of our range of services and we are authorised by the Financial Conduct Authority to conduct such activity.

A clients’ mortgage is usually their largest liability and when arranging mortgages, we take care to discuss what would happen if the client were to die prematurely, suffer a diagnosed critical illness or lose their income through redundancy or illness.

These areas of protection should be considered to ensure clients remove the risk of not being able to make their mortgage payments and therefore potentially have their property repossessed.

However, Excel Financial Services Ltd are not sales people, we are Advisers and we only recommend protection to clients where there is a clear need. It is still the clients’ decision whether to take advice initially and whether they want to take up our recommendations or not.

The types of cover we arrange include:

• Mortgage Protection (which typically would pay off a mortgage on death or where appropriate an earlier diagnosed critical illness).
• Other life cover (lump sum or income benefit) to protect dependents in case of premature death.
• Standalone critical illness cover (typically for taking care of lifestyle and/or property modifications).
• Income protection (providing a regular income to clients if off work due to accident or illness).

We appreciate that many of our clients have significant occupational protection and personal benefits and we always take account of the clients existing arrangements, to ensure that any recommendations compliment existing benefits or policies.

We use industry leading research tools to establish the best terms and conditions within the individual protection markets and we undertake a quarterly review and conduct our own due diligence in the critical illness market.