In this guide, you’ll learn the key considerations, work through a practical example and find useful next steps. Take your time and use the free worksheets to put ideas into practice.
What you’ll take away
- Identify who depends on your income
- Check existing workplace benefits
- Understand the different types
Identify who depends on your income
Think about children, partners and anyone who relies on your support.
Check existing workplace benefits
Review sick pay, death-in-service benefits and employer protection.
Understand the different types
Life insurance, income protection and critical illness cover respond to different events and have exclusions.
Review wills and guardianship
Consider making or updating a will and obtaining legal guidance on guardianship.
Keep this checklist handy
- Employer benefit documents
- Existing insurance policies
- Household income and essential outgoings
Putting your learning into practice
Use the guidance above to identify the information you need and the questions to investigate. Consider:
- Identify who depends on your income.
- Check existing workplace benefits.
- Understand the different types.
- Review wills and guardianship.
This is general financial education, not a personal recommendation, an assessment of suitability or an invitation to buy or arrange a financial product. Check current official information and obtain appropriate professional advice for individual circumstances.
Keep learning
Use a worksheet to explore your own figures, or browse another topic in the guide library.
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