Family Protection

Family Protection

Why is Family Life Insurance Important?

Arranging family life insurance through MultiBroker is crucial to ensure financial stability for your loved ones in the event of the unexpected.

Protecting Your Family’s Financial Future

If the worst were to happen and you were no longer around, could your family afford to:

  • Repay the mortgage?
  • Cover future family living costs?
  • Pay for childcare support?
  • Clear outstanding debt?
  • Provide an inheritance?
  • Cover rising funeral costs?

Unfortunately, every 22 minutes in the UK, a child loses a parent, emphasizing the importance of securing the right financial protection for your family.

What is Family Life Insurance?

Family life insurance is a form of coverage that safeguards your loved ones’ financial security in the event of your passing. It provides peace of mind, ensuring that your family can maintain their current lifestyle and manage financially during challenging times.

Determining the Right Coverage

MultiBroker understands that each family’s needs are unique. Our team will assist you in determining the appropriate level of cover based on factors such as outstanding mortgage balance, debts, daily living costs, and potential treatment expenses. We ensure you have the right coverage to protect your family’s financial well-being.

Talk to an expert Adviser, now!

Our highly experienced Advisers are ready to help you with either buying or remortgaging a home, protecting your property and lifestyle along with saving you time and effort, ensuring you have a competitive deal right for you.

How Much Does Family Life Insurance Cost?

At MultiBroker, we understand that families have budget constraints. However, securing the right cover for your family doesn’t have to be expensive.

Factors that affect the cost of your premiums include age, smoking status, medical well-being, weight/BMI, type of policy cover, amount of cover, and length of the policy term. Taking out life insurance at a younger age while in good health can result in more favourable premiums.

Calculating the Required Coverage

To determine the appropriate level of coverage for your family, consider the following:

  • What aspects of your family’s life do you need to protect?
  • How long do you need cover for?
  • What type of life insurance best suits your specific needs?
  • How much life insurance cover can you afford?

Calculate the required sum assured by considering outstanding mortgage, family daily living costs, outstanding debt, and funeral costs. UK statistics, such as the average cost of raising a child to 18 years and average mortgage debt, can provide helpful benchmarks.

At MultiBroker, we take your personal circumstances into consideration and present you with available options to protect your family, allowing you to make an informed decision regarding your life insurance.

Talk to an expert Adviser, now!

Our highly experienced Advisers are ready to help you with either buying or remortgaging a home, protecting your property and lifestyle along with saving you time and effort, ensuring you have a competitive deal right for you.

Speak to One Of our Expert Brokers

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