Family Protection Need

If you have a mortgage make sure this will be repaid on death and don't forget about insuring your spouse, particularly if you have young children as you may have to reduce your hours to look after them, or pay someone else to.

Consider how your family might cope if you were no longer around.

• Financial assistance in further education
• transport
• the deposit on a house
• Annual holidays
• upkeep of the family home
• day to day living expenses (food, clothes, insurance)
• activities (school trips, sports)
• pension contributions for your spouse

Lets face it, most of us spend our income so when someone dies and their salary is lost that must have a massive affect on those left behind. A family income benefit policy could replace a lost income until your children leave full time education (FIB's are very low cost). A term assurance policy could be invested to provide an income and some of the capital used to pay off debts or renew a car, improve the house or take a holiday.

Consider how you and your family be affected if you cannot work. The problems are essentially the same as above only you will be around to experience the problems at fist hand. So, you should also be considering an income protection policy as this will provide an income until you can return to work.