Life Assurance Benefits

Life assurance just pays out to my family if I die, “right?”

The truth is, life assurance can be different. What if it provided benefits for you to use on an everyday basis?

I changed my life over 12 months ago, and what’s the difference it has made? My policy now provides me with day-to-day benefits that I use.

It includes a new Garmin smartwatch, which keeps track of vital health stats, free cinema tickets to use on nights out with my wife, free Café Nero coffees each week, hugely discounted spa breaks at Champneys and much more.

Despite the higher monthly cost of my life cover, its benefits, including free cinema tickets and various discounts, have been worthwhile. I have lost over 1.5 stones and no longer suffer from prolonged gout attacks. Due to the weight loss, I would not be classed as prediabetic.

However, my life cover costs me slightly more monthly with its benefits, such as free cinema tickets and other discounts. I save money. The most significant help, though, is the change in health and mental health and an engagement in enjoying life.

Does your life assurance provide you with these benefits? Or do you pay each month and get nothing back? If you would like to know more, please let me know. I would be pleased to share the benefits with you.

My Mortgage Experts & Protection Experts Ltd (FCA 937076), is an Appointed Representative of King Mortgages Ltd.

King Mortgages is authorised & regulated by the Financial Conduct Authority (FCA). King Mortgages Ltd is entered on the financial services register http://register.fca.org.uk/ under reference number 803561.

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

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      Automatic Property Value Updates

      Changes in property value, coupled with a potential reduction in your loan amount (with a repayment mortgage), mean a change in the equity available in your property (Loan to Value); hence there could be improved opportunities for a better mortgage for you.

      Product Expiry Date

      Sussed will track when your mortgage is due to expire (usually when your mortgage payments rise substantially as you will automatically transfer to your lender’s standard rate).

      The app will alert you when it’s the right time to discuss your options with your mortgage broker.

      Sussed can help you plan.

      Rate Riser

      This feature is ideal for today’s economy and increasing prices. Sussed will continually scan the market, looking for the best-fixed rates available, especially when interest rates are rising.

      Using a series of algorithms, our clever technology can identify longer-term fixed rates available today that could save money against predicted rates at the end of your current product term (including the cost of transfer) – sussed is doing all the hard work.

      Equity Available

      With automatic property value updates and your Mortgage information loaded, this feature calculates the amount of equity and the maximum potential loan that may be available within a landlord’s portfolio. This will assist with seeing if there is the opportunity for to perhaps buy another property from leveraging your portfolio.

      Within sussed, you will also be able to see each of your properties with a roadside picture, a confirmed property value, monthly rental, current mortgage balance, payments, interest rate and the Loan to value/Gross rental yield.

      Sussed can help you manage your portfolio.

      Early Review

      This feature is there waiting for interest rates when they reduce. Using the same technology as Rate Riser, sussed will identify if your current deal is now able to be improved.

      Should the interest rates decrease, sussed will compare deals available on the day with your existing deal and flag if there is an opportunity for you to save money by switching.

      Regional Price Limits

      There are price limits on homes you can buy with an equity loan. The limit is different for each region in England.

      • East - £407,400
      • East Midlands - £261,900
      • London - £600,000
      • North East - £186,100
      • North West - £224,400
      • South East - £437,000
      • South West - £349,000
      • West Midlands - £255,600
      • Yorkshire and the Humber - £228,100

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