What cover do I need?

If you have no one that financially depends on you, then you probably don’t need life cover. But if you have a loan or mortgage, a family or a partner to protect, then you’re in the right place.

If you’re a breadwinner, you will want your family to continue to enjoy the lifestyle they now have. If you’re a carer, then you want to provide cash for professionals to take over when you’re not around.

How Much?
The amount of cover you request will depend on your circumstances. You should aim to provide around two-thirds of your net earnings (that is, after tax and deductions), or £20,000 per annum for professional care. This means that the amount of cover should be a lump sum capable of generating that level of income.

For How Long?
When choosing the term – how long you think you will need cover for – consider your financial commitments. You will probably want your insurance policy in place until your children are self-supporting, any loans you are protecting have been repaid or until your savings can provide for you and your partner.