Life, Critical Illness Cover, and Income Protection are, to some extent, designed to ensure that you can continue to live in your property. Family Protection is designed to look after your family’s living costs if something were to happen to you, to ensure that the food can still be purchased and the kids can still continue with their swimming lessons for example.
Family Protection is designed to provide a regular income until the end of the policy term which can be a suitable option for those who would rather that any dependants receive a regular income rather than have to deal with a larger lump sum. It also allows you to fit the term of your policy to your family’s circumstances, for example, the term could take your youngest to age 18 or 21. You can also choose to link the policy to inflation meaning that in the event of a claim the benefit amount will keep its spending power.
Family Protection can provide a way of ensuring that your family can maintain the lifestyle you want for them, whether you are around or not.