Hugo, a teacher, has a mortgage and three separate loans. All have payment protection insurance(PPI) associated on an individual basis. He has recently started a family and is looking at a broader policy. He is healthy but has a BMI of 34. What would be suitable?
Peter Chadborn, CBK (Colchester) Hugo is at that point in life where his protection needs are likely to be higher than at any time and his disposable income is going to be at its tightest. He needs effective debt repayment cover in the event of disability, serious illness or death. He now also needs to provide financial security for his new family against the loss of his income in the same events. These needs also apply to Hugo’s partner but will vary depending on the family’s financial reliance upon both their incomes. As a teacher Hugo will receive death-in-service benefits and gener...
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