Protection planning
The most important plan you’ll make for your family. We’re here to make sure it’s the right one.
Protection planning
The most important plan you’ll make for your family. We’re here to make sure it’s the right one.
Fitting protection into your plans.
Budgetting for personal insurances is a hot topic when creating protection plans. It’s important to see this in the context of your every day spending. For most, your protection plan costs can be compared to the cost of things we buy each month without much thought! The difference? That extra takeaway won’t pay the bills if your ill and can’t work…
Subscriptions
£65 Per month
The average amount a household spends on subscription services per month. What’s more, 10% of the population spend £200 or more each month on streaming, delivery, food and other subscriptions.
Takeaways
£138 Per month
The average monthly spend on takeaways based on two adults living together. Delivery apps and changing trends since covid have seen this figure rise in recent years.
Life insurance
£9.31 Per month
The cost of £250,000 life insurance over 30 years.
Based on a 30 year old male in perfect health that has never smoked.
References
- Average monthly spend on subscriptions: Aqua, 2025.
- Average household spend on takeaways: This is Money, 2022
- Quotation provided via iPipeline on 21.02.2026. Cover based on level term life policy of £250,000 over 30 years with guaranteed premiums for a 30 year old male that has never smoked.
How can we help?
Depending on your circumstances and objectives, our aim is to ensure we consider all of the available covers to prepare a tailored plan for you and your family. Here’s a breakdown of the types of policies you can add to your plan.
Life insurance
Life cover provides a one-off, lump sum on the death of the policy holder. If it’s a joint life policy, it’s typically paid on the first death. You can have life cover to pay your mortgage off or you may want to leave a nest egg behind for loved ones.
Critical illness cover
A Critical Illness Policy is designed to ease financial pressure in the event you are diagnosed with a qualfiying serious illness. For most policies, a one-off tax-free payment is made on claim. This could be alongside your life insurance to cover your mortgage, or another amount that would provide support.
Family income benefit
When you pass away, the impact on your family goes beyond the emotional loss. Your loved ones may also face financial challenges if your income is no longer there to support them. A Family Income Benefit policy is designed to replace that lost income by providing a set amount each year until a chosen end date, helping your family maintain their lifestyle and financial stability.
Income protection
Think of this as your own personal sick pay policy. If you were signed off work due to illness or injury, how long could you survive financially? Most people get a degree of sick pay, but this only lasts so long. Income Protection policies are designed to pay you a proportion of your income after a set amount of time off of work due to illness or injury. You can decide; how long you wait before claim, how much it will pay per month (limits apply), and how long a policy will pay out for.
Life Insurance
Life cover provides a one-off, lump sum on the death of the policy holder. If it’s a joint life policy, it’s typically paid on the first death. You can have life cover to pay your mortgage off or you may want to leave a nest egg behind for loved ones.
Critical illness cover
A Critical Illness Policy is designed to ease financial pressure in the event you are diagnosed with a qualfiying serious illness. For most policies, a one-off tax-free payment is made on claim. This could be alongside your life insurance to cover your mortgage, or another amount that would provide support.
Family income benefit
When you pass away, the impact on your family goes beyond the emotional loss. Your loved ones may also face financial challenges if your income is no longer there to support them. A Family Income Benefit policy is designed to replace that lost income by providing a set amount each year until a chosen end date, helping your family maintain their lifestyle and financial stability.
Income Protection
Think of this as your own personal sick pay policy. If you were signed off work due to illness or injury, how long could you survive financially? Most people get a degree of sick pay, but this only lasts so long. Income Protection policies are designed to pay you a proportion of your income after a set amount of time off of work due to illness or injury. You can decide; how long you wait before claim, how much it will pay per month (limits apply), and how long a policy will pay out for.
Get clued up.
Take a look at our useful articles which will break down the key questions we get asked about protection planning.
Can’t find an article that answers your question? Why not ask us your question directly on live chat.
