Historical survey context — 2022. An earlier survey suggested some parents had no life cover. Its percentage and the premium examples quoted in the original article are not current measures or live prices. Do not use an old starting price to decide what cover would cost you now.
Parents reviewing protection can consider who depends on their income, how long support may be needed, existing workplace benefits and what premium is affordable. Family Income Benefit is one option designed to provide regular payments after a valid claim during the policy term; level-term cover instead offers a lump-sum arrangement. The suitable amount, term, premium and claim conditions depend on the policy and personal circumstances.
Read our Family Income Benefit overview and Life Insurance guide, or contact IM-Insured about an adviser enquiry. Availability and price require a current insurer assessment; payment and tax treatment depend on the policy and circumstances.
