Family protection is a type of life insurance that gives you the peace of mind that should the worst happen, your family's financial security will be taken of.
It pays out a lump sum or a regular income on death that could, for example, clear a mortgage, a debt, or cover day-to-day expenses.
Term insurance is the simplest and often the cheapest because it pays out only if you die within the defined term. For example, you might take out a 30 year plan so the policy would only pay out if you were to die in the next 30 years.
Thinking about how much money your family would need to maintain their lifestyle if you weren't around can give you a good idea of how much life insurance you need.
Whether you're a young couple building for the future or a family with children that are going to rely on you financially for many years to come family protection is a must.