How Much Cover?

Alpha1 realise how tempting it is to put off a decision about taking out life cover but we would like you to be aware that:-

approximately 1,700 people die everyday in the UK
each year that you decide to delay, the cost increases

how much you shaould be taking out is also something to consider.

There is not a definitive answer, but you may wish to think about some of the following:

What do you require the life cover for?

Security for your family/partner
Required for your mortgage

There are other considerations which you should then take into account:

How much is your mortgage?

What type of mortgage do you have?

What are your general family living expenses?

For how long will your children be dependent on your income, and what education commitments might you be required to meet?

If you have other savings what might it earn for family income?

You should also allow for a reasonable rate of inflation as life cover is generally a long term purchase. For example compare prices now to ten years ago.

It really is up to you.

You should consider what income would be required should you die to keep your dependents in the same lifestyle and standard of living as they are in now.

Also note this will not just be for one year, but possibly a number of years, especially if your children are of a young age.