How we estimate elements of your cover
Mortgage
Mortgages tend to decrease in value over time, although this depends on the type of mortgage you hold. For a straightforward repayment mortgage - customers usually opt for decreasing term cover.
Spouse/partner
This is estimated based on your monthly take-home salary x 48
Children and university costs
Average cost of a child is estimated at £5,000 per year, up until their 18th birthday
University Costs
University costs are estimated at £17,000 per year (based on tuition fees and living costs) over a 3 year course
Debts and loans
To pay off any outstanding debts or loans should you pass away before its repaid.
