Why increase your cover?
Anyone with dependants should consider life assurance. The loss of a partner, for example, can leave problems with paying the mortgage, rent, school fees or simple day to day expenses.
When you should buy life assurance?
Lifestyle changes are often unexpected, and will sometimes require you to re-assess your levels of protection, for example:
- Moving home
- Getting married or cohabiting with your partner. One of you may have no protection at all, or you may increase your mortgage which would require an increase in protection.
- Becoming a parent
- Change in your mortgage commitments