Beginners' Guides

Beginners' guide to Protection

Some questions

Before you start reading, take a few minutes to answer some questions about your current lifestyle.

What would happen if you were suddenly unable to work due to sickness or injury? How would you survive financially?
Could your spouse or partner afford to keep up mortgage payments if you were to die suddenly? What if they were to die unexpectedly?
Do you have children that are dependent on you – how long will this be the case?
Do you have any other source of income other than your salary to rely on?

What will your employer pay you, and for how long, if you’re unable to work?
Does your company offer life cover – called ‘death in service’ cover? The payout is usually a multiple of your salary. Is it enough?
If you have any form of protection insurance when was the last time you reviewed your cover to make sure it’s adequate? A bigger mortgage, getting married or starting a family can all affect the amount of cover you need.

Hopefully these questions have helped you realise the importance of protecting your family’s income and lifestyle.
Read on to find out more about the options available.

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