What do you need to protect?
How much cover – and how long you need it for – depends on a number of different things. If you have a partner, family or other dependents, or a mortgage that needs to be paid, you’ll need to think about how much you need to take care of everything.
Helping your partner cope financially
It’s hard to talk about it, but if you die or become critically ill, then your partner would probably still have all the regular household expenses to think about.
- Without you around, do you think your partner would have to give up work?
- How would your partner cope financially - how long would the money last?
- Do you have young children at home, or teenagers who are off to university soon?
- If you became critically ill and were unable to work, how much money would you and your family need?
Helping to protect your children's future
Last year, we asked 2,002 parents to share their views on what it costs to raise children today. On top of all the usual household bills, our research showed that parents are spending an additional £7,026 a year or £585 a month on raising their little ones until they reach five years old - and that may be a lot of money to find if you’re suddenly on your own or if there is only one income coming into the household.
The cost of childcare was one of the biggest concerns: the parents we spoke to were, on average, spending around £1,140 a year, or £95 a month. But that’s infant childcare – how about the support your children need if they’re at college or you’re hoping they’ll go to University?
Helping to protect your home
It’s sensible to protect the things you’ve worked hard for in life. Quite often the property you live in is one of the biggest investments you’ll ever make – so, hopefully, it’s a natural step to consider protecting it: so your family may have fewer concerns in the future, if something untoward happens to you.
Our homes are where we see our children grow up. They may leave the nest, come home from college, and even bring the grandchildren to visit – but ‘home’ is what matters most to many families. It’s important to protect that home, and with it, your mortgage.
You can find out more about the life insurance and the critical illness cover we offer by clicking on the links below.
Life Insurance Plan
Critical Illness Plan
Over 50s life insurance
Need to speak to us?
If you have any questions, queries, or you’d just like to know more about our life insurance plans, get in touch with us and we’ll be happy to help.
Call us on 0800 068 6800
Monday to Friday 8.00am – 8.00pm
Saturday 9.00am – 5.00pm
Sunday 10.00am – 4.00pm
For our joint protection, calls may be monitored and/or recorded.
Have a question?
Browse our Life Cover FAQs