Becoming a family.

As you move from one life stage to another your protection needs may change. When you get married and start a family, your natural instinct is to protect your family and make sure they’re cared for.

You want the best for your children and want to ensure that you can give them the best future possible. This may involve paying for their education fees and in later life, maybe even paying for their weddings.

But consider what would happen if death or even a critical illness stopped you from providing for your family? This could have a severe impact on their future. 

Louise and Jason’s story

When Louise and Jason met it was love at first sight. After 2 years, they married and bought a family home. Soon after, Louise became pregnant with their daughter Mia. Louise went back to work and her income was used to pay for child-care and for saving towards their future.

Louise and Jason wanted to provide the best for their daughter, and they often thought about getting family life insurance but never got round to organising it.

When Mia was only 18 months old their world turned upside down when Louise suffered a tragic stroke.  She was in hospital for 6 weeks and then began her long recovery at home. 

The family’s future without family protection:· 

• Louise’s recovery was hampered. They’d only been saving for a couple of years so couldn’t afford to make all the significant changes needed to their home to accommodate her. They had to sell the home they had made together and move away from friends and family in order to buy a suitable property. 

The family’s future with family life insurance including optional critical illness cover:· 

• Louise claimed on the critical illness part of their policy, and this allowed them to make the necessary adjustments to their home. Being able to remain in the family home and near to family and friends aided Louise’s physical and emotional recovery. 
• They were able to use some of the cash lump sum to spend quality time with Mia. They were also pleased that they could save a little of the money towards her future.

This is not advice, you should consider your individual circumstances when deciding what level of protection you need, if you are unsure you should seek advice from your financial adviser. All characters in this story are fictitious; any resemblance to people living or dead is purely coincidental.