Our Approach

Life Assurance

"Life assurance helps your dependants to cope financially in the event of your premature death. When you take out life assurance, you set the amount you want the policy to pay out should you die – this is called the 'sum assured"

Generally speaking, the amount of life assurance you may need should provide a lump sum that is sufficient to remove the burden of any debts and, ideally, leave enough over to invest in order to provide an income to support your dependants for the required period of time.

The first consideration is to clarify what you want the life assurance to protect. If you simply want to cover your mortgage, then an amount equal to the outstanding mortgage debt can achieve that.

However, if you want to prevent your family from being financially disadvantaged by your premature death and provide enough financial support to maintain their current lifestyle, there are a few more variables you should consider.

What are your family expenses and how would they change if you died?

How much would the family expenditure increase on requirements such as childcare
if you were to die?
How much would your family income drop if you were to die?
How much cover do you receive from your employer or company pension scheme
and for how long?
What existing policies do you have already and how far do they go to
meeting your needs?
How long would your existing savings last?
What state benefits are there that could provide extra support to meet your
family's needs?
How would the return of inflation to the economy affect the amount of your
cover over time?

It's essential to have the right sort of life assurance in place. You can't rely on always being there for those who depend on you... Click Here to read further and to download 'A Guide to Protection Planning'.

Contact Us: As part of our service we also take the time to understand our client's unique needs and circumstances, so that we can provide them with the most suitable protection solutions in the most cost effective way. If you would like to discuss the range of protection services we offer, please contact us for further information.

Income
Protection Insurance

"How would you pay the bills if you were
sick or injured and couldn't work?"

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Business Protection

"Don't overlook your most
important assets, the people who
drive your business"

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Long Term Care

"Keeping pace with the
growing size of an ageing
population"

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Get in touch

CFS Independent Financial Advisers Limited
Lower Blyth Suite, Kirkley Hall, Ponteland, Newcastle upon Tyne, NE20 0AQ

Telephone: 01661 821110
Fax: 01661 821120
Email: enquiries@cfs-ifa.co.uk

 

 

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