Calculating the amount of live insurance required

We all have different circumstances, so giving a generic answer to "how much shall I insure myself for?" is quite difficult. We are more than happy to discuss your particular circumstances and would very much welcome your contact (please use the link below). However, the following suggestions may assist you in making your own decision:

Mortgage Life Cover - we would certainly recommend covering the amount of the mortgage, and perhaps some extra if you have any other liabilities you wish to cover. You may like to consider taking a 'level' policy (irrespective of whether you have a repayment mortgage or not) as this will give you greater potential flexibility in the future.

Family Protection cover - there is no definitive answer to calculating this. If you have children, or are likely to have them in the future, you need to consider your financial requirements to at least their age 21 (end of college or university). One accepted method is to replace up to two thirds of your annual earnings for each year that you require cover.