Making sure you and your family are properly protected.

When your circumstances change, your insurance needs to change with them. Reviewing your protection and home insurance is part of every conversation I have with clients — not a separate process, and not something we get to if there’s time. It’s part of what a good mortgage adviser does.

If you’re going through a separation, the chances are your existing policies were set up around a joint life, a joint mortgage, and a shared income. None of those things look the same any more — which means your cover probably needs to change too.

There is no charge for protection insurance advice — it is part of the same conversation as your mortgage review.

I’ll always explain your options clearly and in plain English — including what each type of cover does, what it costs, and what it doesn’t cover — so you can make a genuinely informed decision about what’s right for your circumstances. There’s never any pressure and I’ll never recommend something that isn’t right for you.

Protection policies are not regulated by the Financial Conduct Authority. The value of protection depends on the product and your individual circumstances.

What Does ‘Protection Insurance’ Actually Mean?

Protection insurance is an umbrella term for a group of policies designed to protect you and your family financially if something unexpected happens — serious illness, an accident that stops you working, or death. Here are the four main types I advise on, and what each one actually does:

Life Insurance — protecting your family if you die

Life insurance pays out a lump sum or regular income to the people who depend on you if you die. For anyone taking on a mortgage in their sole name — particularly if you have children — this is one of the most important things you can have in place. If something happened to you, would your family be able to stay in their home?

There are two main types. Term life insurance covers you for a fixed period — typically to match your mortgage term or until your children are grown. Whole of life insurance covers you for your entire lifetime and guarantees a payout whenever you die.

Income Protection — protecting your income if you can’t work

Income protection pays out a regular monthly income if you’re unable to work due to illness, injury, or disability. It’s designed to replace a proportion of the salary you’d lose — so you can keep paying your mortgage and your bills while you recover.

This matters particularly if you’re now the sole earner in your household. If you couldn’t work for three months, six months, or longer — how long would your savings last? Income protection is there to answer that question.

Critical Illness Cover — protecting you if you’re seriously ill

Critical illness cover pays out a tax-free lump sum if you’re diagnosed with a specified serious illness — such as cancer, a heart attack, or a stroke. Unlike income protection, which pays out monthly, this is a one-off payment you can use however you need — to pay off or reduce your mortgage, adapt your home, or cover other costs while you’re recovering.

Home Insurance — protecting your home and everything in it

Home insurance covers the structure of your property, your belongings, and your liability as a homeowner. If you’re taking on a property in your sole name — whether through a transfer of equity or a new purchase — making sure you have the right home insurance in place from day one is essential.

Buildings insurance covers the structure of your home — the walls, roof, floors, and fixtures. Contents insurance covers your personal belongings inside it. Many policies combine both, but it’s worth making sure what you have is right for your new circumstances.

Why Protection Matters More After a Separation

Going through a separation changes your financial picture significantly. Many of my clients find themselves in one or more of these situations — all of which make having the right cover more important, not less:

  • Taking on a mortgage in their sole name for the first time
  • Being the main — or only — earner for their children
  • Having an existing joint life policy with their ex-partner still named as the beneficiary
  • Having never had income protection because a partner’s income covered things
  • Having home insurance still in joint names that needs updating

I’ll talk through all of this with you as part of the advice process. Nothing complicated, nothing pressured — just a clear conversation about what you have, what you need, and what makes sense for your situation.

What About the Cover I Already Have?

It’s worth reviewing any existing policies, because separation can affect them in ways that aren’t always obvious. A joint life insurance policy may need to be separated into two individual policies. A policy where your ex-partner is named as beneficiary may need updating. And a policy set up around a joint income may no longer provide adequate cover for your new circumstances.

I’ll review what you already have as part of our conversation — so you’re not paying for cover that no longer serves you, and you’re not left without cover you actually need.

You don’t need to have all the answers before we speak. If you’re not sure what you have, what you need, or where to start — that’s exactly what our conversation is for.

There is no charge for protection insurance advice.

07739 338998 hello@honeyfinancial.co.uk
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There is no charge for protection insurance advice. Mortgage advice fees start from £499, depending on your circumstances — always discussed and agreed upfront.

Protection policies are not regulated by the Financial Conduct Authority. The value of protection depends on the product and your individual circumstances.

A mortgage loan will be secured against your home or property.