Personal Protection

Background

Mr and Mrs Little both work and save into a pension. The couple decided they wanted to review the pensions as well as their other financial arrangements. They were open minded to an independent review as, by their own admission, they felt like that had not planned adequately for the future.

Mr Little is aged 52 and has some pre-existing health conditions. Mrs Little is 50 and in good health. They have two children: a son of 18 and a daughter of 19.

Problem

Mr and Mrs Little had life cover for the mortgage of approximately £60,000 but no additional protection. They had two children who they believed would remain dependent upon them for approximately seven years, until the youngest reached age 25.

Given their income and expenditure, Mr and Mrs Little had a strict budget of £50. They prioritised the support of their children in the event of their own death and wanted to