If you look on Facebook, Instagram, or TV, there are countless adverts offering life insurance, some offering free pens, others with dogs or famous faces from the 70’s & 80’s 

The reality is that your £5-£10 a month life insurance policy is probably not going to cover everything you need to cover. 

This is why you need a bespoke insurance advice from knowledgeable advisers within CPS, who will sit down with you and work out exactly what you need to cover and how to cover it. 

Things to consider; 

Life Insurance 

Life insurance is a financial product that enables you to leave behind money for your family if the worst was to happen. This can be used to support them for a number of years, to replace lost income, or to pay off a large debt such as your mortgage. 

If you die before your mortgage is repaid, then the responsibility to complete payments falls to someone you love. Life insurance enables you to be proactive about ensuring those you care for can meet those financial commitments after you’ve gone. 

If you’ve recently become engaged or married and are joining families and assets, it can make life easier to know you are both covered if one of you were to die. Life insurance enables you to make financial contributions to your partner’s well-being after you’ve departed 

The cost of raising a child is expensive, even before factoring in considerations like childcare, education and university contributions. Therefore, Life Insurance is vital to help protect your loved ones such as your children if the worst was to happen.  

  

Critical Illness Cover 

With critical illness cover the provider will pay out a cash sum if you're diagnosed with a critical illness that meets their definition. 

It's designed to help you financially while dealing with a critical illness, such as paying off your mortgage, paying bills, maintaining your family’s lifestyle or, if needed, adapting your home. Ensuring that you have the time to recover from the illness without the need to worry about work or bills.  

Each provider has different levels of critical illness, so speak to us to determine which is right for you. 

  

Income Protection 

Income protection is an insurance policy that pays out if you're unable to work because of injury or illness.  It usually pays you a lump sum monthly until retirement, death or your return to work, although short-term income protection policies, which last for one or two years, are also available at a lower cost. 

  

These are just some of the protection policies that we, at CPS Financial Services, can help you with so why not contact us to see what level of cover is right for you.