Protect the income first
Your ability to earn often funds every other goal. Disability and income-protection needs deserve careful attention.
03 · Insure
Insure the risks you cannot carry
Insurance transfers selected financial risks to an insurer. The aim is not to insure every inconvenience; it is to protect against losses that your household could not comfortably absorb.
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Three principles for insure
Link cover to a need
Life cover should reflect debts, dependants, education costs, estate needs and assets—not a convenient round number.
Review after life changes
Marriage, children, debt, a new home, salary changes and retirement can all change the amount and type of cover required.
Practical starting point
Four useful next steps
- 1
List the people and commitments that rely on your income.
- 2
Record existing employer and personal insurance benefits.
- 3
Estimate the capital needed if income stopped through death or disability.
- 4
Review exclusions, waiting periods, premium patterns and definitions.
Common questions
Questions about insure
How much life cover is enough?
The amount should be calculated from the financial obligations that remain after death, less available assets and existing cover. A needs analysis is more useful than a simple salary multiple.
Do I still need cover if my employer provides it?
Employer cover can be valuable, but it may end when employment ends and may not fully match your personal needs. Check the benefit amount and continuation rules.