When making their Wills, many parents appoint relations and close friends who would act as the guardians of their children in the event of their deaths. Although anyone nominated to fulfil this important role would be gratified to be thought of as worthy of carrying it out, it’s important to remember that there could be all sorts of financial implications for both them and their families.

PLANNING FOR THE FUTURE

If family members had to step in and look after the children, they would need to have sufficient financial provision in place to be able to do so. If, for instance, a guardian lives in a different part of the country, they might have to move both house and job to look after the children’s needs. As any parent knows only too well, raising a family is a life-affirming experience but it can also be very expensive.

POLICIES TO PROVIDE FUNDS

This is where life cover comes in. It can provide the funds necessary to ensure that a family’s needs are protected, and they can enjoy the sort of lifestyle you would have provided had you still been around. Life cover provides a payout on death that can ensure that families don’t face financial burdens at a difficult time. Critical illness cover provides funds if you are diagnosed with a serious illness. Income protection can enable you to pay off loans and maintain your standard of living if you have an accident or illness that means you can’t work.

HOW WE CAN HELP

We’re always on hand to help you choose the most appropriate protection policies based on your needs. We know the life insurance market well, and can save you hours of internet searching and calls to insurance companies for quotes. We help make the process far less stressful and time-consuming, and you won’t be charged a fee for this service; we’ll be paid by the companies whose policies we recommend.