A common question asked by our clients is how much life cover do I need? A simple guide is to work out how much of your monthly income your family still need after your death. Multiply this by 12 to determine the annual income and then multiply by the number of years this income is needed. (This should be at least until your youngest child would complete their education.)

Add on the amount to cover any loans plus a further £10,000 for expenses and you will have the recommended amount of cover. State benefits may also be available to a widowed mother and children. Employer benefits may also be available.

For more information, you may wish to contact an IFA (Independent Financial Adviser) who will be able to take you through the options available to you and help you find a deal to suit your needs. Hanson Wealth Management would be happy to talk you through your options.