UK Life Insurance Articles
search advanced search

Home >> Life Insurance Articles

How Much Life Insurance Should You Have?

Article by Simon Christopher
Article added: 10/8/2005 - Last updated: -
Rating: 3.25 3.25 (12 votes)

Generally speaking you should insure to provide a lump sum big enough to remove the burden of any debts and, ideally, have enough left over to invest to provide an income to support your dependants for a time.

The first consideration is to clarify what you want the life insurance to protect. If you simply want to cover your mortgage then an amount equal to the outstanding mortgage debt can achieve that.

However, if you want to prevent your family from being financially disadvantaged by your death and provide enough cash to support their current lifestyle, then there are a few more variables to consider.

  • What are your family expenses and how would they change if you died?
  • How much would outgoings increase on things like childcare if you were to die?
  • How much would the family income drop if you were to die?
  • How much cover do you get from your employer or company pension scheme and for how long?
  • What insurance policies do you have already and how far do they go to meeting your needs?
  • How far will your savings go?
  • What state benefits are there that could give extra support to meet your family´s needs?
  • How would inflation affect the amount of your cover over time?

The amount of life insurance you choose really is up to you and will depend upon your personal situation. The main point to remember is that any amount of financial protection is better than none. However, if you are in doubt what is right for your needs, consult an independent financial adviser who can give you specific advice. You can find a database of IFA's in your area at

PLEASE NOTE: The guidance published in this article is for information only and does not constitute financial advice or a recommendation of any particular life insurance policy or provider. If you are in any doubt please consult an independent insurance adviser. A database of advisers in your area is available at

Copyright UK Insurance Index All rights reserved.

comments about this life insurance article

Comments About this Article:

 Add a Comment

share this life insurance article

Share this Article:

rate this life insurance article

Rate this Article:

Please rate this article between 0 and 5
with 5 being top.
All ratings received for this article.

all categories ALL CATEGORIES
A-Z Categories

popular categories POPULAR CATEGORIES
Car Insurance
Home Insurance
Life Cover
Mobile Phone Cover
Pet Insurance
Travel Insurance

directory categories DIRECTORY CATEGORIES
Home & Property
Insurance Brokers
Life & Protection
Non UK Insurers
Pet & Animal
Personal Possessions
Specialist Cover

review categories REVIEW CATEGORIES
Car & Motor
Insurance Companies
Life Cover
Pet & Animal

article categories ARTICLE CATEGORIES
Car & Motor
Home & Property
Insurance Awards
Insurance Guides
Life Cover
Pet & Animal

news categories NEWS CATEGORIES
Business News
Car and Motor News
General News
Health News
Home & Property News
Life Cover News
Pet and Animal News
Travel News


latest listings LATEST LISTINGS
Beagle Street
ActiveQuote Life Insurance Quote
London and Cover
Sun Life Insurance
ASDA Over 50s Life insurance

latest reviews LATEST REVIEWS
Scottish Provident Critical Illness
LifeSearch Life Insurance Life Insurance
Friends Provident Life Insurance
Engage Mutual Over 50s Life Cover

latest articles LATEST ARTICLES
How Much Life Insurance Should You Have?
What is Family Income Benefit Life Insurance?
Choosing a Life Insurance Company
How Does Life Insurance Work?
Tips for Buying Life Insurance

Home | Privacy & Cookies | Terms of Use | Contact |

Page protected, do not copy

This website uses cookies to ensure a reliable browsing experience. If you continue to use this website you are consenting to us using cookies in this way. To find out what cookies are, which ones we use and why we use them please click here.

Copyright © 2019 UK Insurance Index. All rights reserved.
All directory listings, articles and reviews are provided as information only and do not constitute advice or a recommendation of any product or provider. If you use these insurers, we take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy of these third-party web sites or companies. If you have any doubts you should consult an authorised independent financial adviser for advice based upon your individual needs and circumstances. A database of advisers in your area is available at