Martin: Do you have children or dependents? What'd their financial situation be if you or your partner were to die?
New. Cheapest level term life insurance guide
This is unpleasant to write. Roughly one child per school class will likely lose a parent before they're 16. It may be through illness or, as when I was that child, it may happen suddenly. Either way, it's devastating, and can upend the lives of those left behind. The pain is easy to foresee, but it's important to consider the more prosaic financial consequences too - of the potential loss of income. Would the financial hardship compound the grief?
Our new level term life insurance guide will take you through how this - what is usually the simplest and cheapest form of financial protection - works. It's often called 'family cover' and helps you plan for the worst. For most, you just need to decide whether you need it, how much cover to get, how long it should last, and how to buy it as cheaply as possible. The
team and I will run you through that briefly below, though the guide has far more detail.
Yet I hope we waste your money. I hope it never pays out because you live so long, it isn't needed. Just in case you don't though, if it applies to you, take a deep breath - let's be blunt, practical and get on with it.
PS: A brief plug for Grief Encounter, a brilliant child-bereavement charity I'm a patron of, if a child you know is grieving.
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