How long do I need cover for?

This is very much a personal issue and changes for everyone. Typically for a mortgage protection, it is an easy calculation as the cover should last the same as the term of your mortgage. However, for life insurance, factors such as your children’s age or your term to retirement would be taken into account.

Typically, we recommend a minimum term calculated to the age your youngest child reaches independence or the age of 21, if for family protection. If you have no children and are looking for cover to financially secure a remaining spouse, we would normally recommend cover to age 65 with an option to convert the cover after that (Convertible Term Assurance). Please don’t hesitate to use our online chat support for further explanation.