Blog Post

The Value of insurance advice

Oct 22, 2022 | Insurance

The Value of insurance advice

Protecting your world

When you take out a mortgage, you understand the importance of keeping up your monthly payments. You now have a home, but how do you ensure it remains yours?

Although we don’t like to think about it or think that it will never happen to us, sometimes unfortunate events can happen in life that can change your financial situation.

But have you thought how you would you protect your mortgage, if you were sick, injured, or developed a serious long-term illness? And if you have dependants, how would they cope financially if you died unexpectedly? It is your responsibility that you keep up your mortgage payments, otherwise your home may be repossessed.

We are specialists in arranging mortgages and helping people buy their new home, but we are also dedicated to ensuring that you can keep your new home if the worst were to happen.

Why should I consider protection insurance?

Everyone has different needs and circumstances, however some common reasons why you might decide to purchase protection insurance include:
• To protect your family financially should you die.
• To pay off specific financial commitments in the event of your death, such as a mortgage.
• To provide a lump sum or income if you are seriously ill.
• To provide sick pay cover. Statutory Sick Pay is currently just £99.35 per week.
• To ‘top up’ sick pay cover provided by your employer.
• To continue to be able to pay outgoings in the event of accident or illness.
• To avoid having to use your savings in the event of accident or illness.

Availability and cost of cover is subject to criteria such as age, lifestyle, current health and medical history.

By Peter Edmonds

Lauren JonesLauren Jones
08:56 03 May 23
We have used Lucie to help us with our mortgage on 3 properties now...and she is wonderful! We wouldn't ever want to... use anyone else and we would recommend to anyone.She is incredible knowledgeable and goes above and beyond to make sure were getting the best possible options.Thankyou again Lucie!xxread more
leo nepomucenoleo nepomuceno
10:26 02 May 23
Thank you is not enough to describe how grateful we are to Lucie Hart for helping us to get our mortgage in our first... home. You’ve been so nice and very helpful through the entire process. CFS is highly more
Tomasz NikielTomasz Nikiel
19:31 15 Mar 23
Peter and Ian have helped arranging mortgages for me for many years. I cannot recommend their services enough. They are... always there to answer all questions as soon as possible, professional and friendly, ready to help in any situation no matter how complex. I always receive sound advice and best product possible. Arranging a mortgage with CFS is quick and stress free, they are absolutely brilliant!Thank you!read more
Katie TaylorKatie Taylor
20:30 01 Mar 23
I cannot recommend Central Financial Services enough. Peter and Ian have advised my husband and I on our finances for... over 8 years and they never let us down. Ian is very efficient and highly experienced too. Peter is professional and personable. I have previously recommended Central Financial Services to family, as well as friends, who have all had the exact same, seamless, efficient and excellent service and more

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