If you were buying a new house or car, you’d probably think carefully about what you want and take your time to look around for the best deal. Buying protection cover isn’t so different.

Your personal circumstances will affect your choices. Think about how unforeseen events could affect your financial situation and what you need to cover. Think also about the following:

• Do you want to cover just yourself, or your partner too? 
• Do you want your payments to be fixed (guaranteed) or reviewed at intervals (reviewable)?
• Do you want your pay out to be a lump sum, or a regular income?
• Do you want to be covered for a set amount of time or for life?

Once you have a better idea of what you’re looking for, you can start to compare the level and price of the cover on offer. Some companies allow you to combine different types of cover. If you are unsure of which product is right for you and how much cover you need, a financial adviser will be able to help you to assess your situation.