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A simple guide is to work out how much of your monthly income your family still need after your death. Multiply this by 12 to determine the annual income and then multiply by the number of years this income is needed. (This should be at least until your youngest child would complete their education.)
Add on the amount to cover any loans plus a further £10,000 for expenses and you will have the recommended amount of cover. State benefits and employer benefits may also be available to a widowed parent and children.
Call us on 0800 881 8085 and we can provide you with an initial quote. You will be offered the choice of speaking to an adviser first but if you already know what you want then we will just provide you with a quote. If you want to apply for cover then an adviser can arrange this over the telephone and by post, but a face to face meeting can be arranged if you prefer.
Having the right type and level of cover is extremely important and will depend upon your individual circumstances. The correct use of trusts is also an important consideration and you should seek advice from a qualified independent financial adviser.
If you are in any doubt as to the suitability of the product you are considering, before you buy you should seek professional advice from Hanson Wealth Management. We will be pleased to help.
An initial review is offered on a no charge and no obligation basis.
We have a community of independent financial advisers based throughout Scotland, England, Wales and Northern Ireland as well as a variety of services available over the telephone or via the internet. So even if you are not based near to one of our branches, we can still ensure that you will get quality independent financial advice from our IFA team.
Call free today on 0800 881 8085
9am - 5pm Monday to Friday or leave a message outside of these hours and we will call you back.
Hanson Wealth Management Limited is an appointed representative of Hanson Financial Partners Ltd, which is authorized and regulated by the Financial Services Authority. Hanson Financial Partners Ltd is entered on the FSA register under reference 529347. The information contained within this site is intended for UK consumers only and is subject to the UK regulatory regime.