Assessing existing cover 

Assessing whether your existing life cover is sufficient

Life-changing events, such as having a baby, can be a trigger point for considering your insurance options.

If you already have life insurance the arrival of a new addition to the family is an important time to review your insurance and check it still meets your needs.

Some things to consider:

• Updating your policy
  Keep your policy current. You may like to consider adding other options e.g. trauma or income protection.
• Adjusting the sum you are insured for
  In determining the amount of life insurance you are covered for, you need to take into account any new potential costs e.g. your full childcare costs (housing, education, childcare, medical needs etc) or maybe an inheritance for your dependents.

Download our money assessment chart to do a rough check that your current cover is enough.