Introduction to our services
Lima Money is an impartial, protection brokerage, meaning that you can be confident that our protection policy is the best fit for your needs.
You might be looking to protect your mortgage so that it is paid off in the event of critical illness or death, maybe you are looking to protect your income, take a policy to ensure your family are provisioned for in the event of your death, or you could be a business owner looking to provide staff life/sickness insurance or key person/relevant life cover to help your business to endure the loss of life of key staff.
Whatever your needs Lima Money will take time to understand your needs in full, make a recommendation, explain the policy in full and how to claim, and guide you through the process end to end. We’ll even assist you to put the policy in trust if you feel that is the best option for your policy.
Mortgage Protection/Decreasing Cover
This kind of policy is designed to pay off your mortgage in the event of your death, and if you select the option, critical illness. Giving you the peace of mind that you will not need to find mortgage payments if you become seriously ill, and your family will not be left with a mortgage to pay in the event of your death or loss of income through ill health.
This works in the same way as Mortgage Protection, however, the sum assured (payout amount) does not decrease over time. This policy is appropriate for protecting interest only mortgages or for individuals who want to ensure their beneficiaries receive a set payout in the event of their death.
Critical Illness Cover
Critical illness cover pays out a lump sum if the policy holder encounters a defined critical illness. The policy can be decreasing (to cover a capital repayment mortgage) or term (ensuring a set payout in the event of claim).
This policy insures a policy holder against a loss of income through ill health. The policy pays out a monthly sum to compensate for or replace the loss of wages. You can design your policy to activate following a period of sick pay that your employer provides.
Group Life / Critical Illness
As a business, your greatest asset is your staff. Group protection policies demonstrate your commitment to your staff by incorporating a life and/or critical illness package into their compensation package. Typically the policy pays out a multiple of the employees’ basic salary in the event of claim. In order to ensure that the policy meets your business needs we will work closely with your accountant offering a thorough, needs focussed, wraparound service.
Relevant Life / Key Person Insurance
Relevant Life/Key Life policies protect the key members of your business financially. The policy is paid via your business and pays out a predefined sum in the event of loss of life or critical illness. Typically these policies are appropriate for firms where there is more than one director, with a portion of the policy paid to beneficiaries and the business, ensuring that the policy holder’s family, and business, are provisioned for.
Buildings & Contents Insurance
Building’s insurance, whether on a residential or commercial property is normally a condition of any mortgage. We work with trusted providers in these fields meaning you can progress to offer with confidence that your assets are covered. These policies are reviewed annually on your behalf to ensure they are still relevant, providing the necessary amount of cover at the right price.