Once you’ve decided what type of protection cover would be most suitable for you, you will need to work out how much cover you need. Make sure you take all of your expenses into account to give a good reflection of how much you would actually need.

Working out how much you would need to pay off your mortgage may be straightforward, but when calculating other expenses it’s easy to forget the weekly supermarket shop, petrol for the car, your mobile phone bill and gym membership for example. Think about how these costs might rise in the future as a result of inflation. And don’t forget to deduct any cover your employer provides from the total you calculate.