Death happens - prepare for it

One in 29 children – a typical class size – lose a parent before they grow up. Life insurance is a crucial but often overlooked financial consideration. Martin Lewis addresses the need to override the emotion and examine it clinically. If the aim (and it is) is to have enough cash to cover the lack of income if you’re gone it’s important to consider fully the financial impact if you died. That means calculating a lump sum that’s enough to repay any outstanding debt (including a mortgage if you don’t have a separate policy), and provide for outgoings your dependants would have. Please contact us to discuss this further.