One in 29 children – a typical class size – lose a parent before they grow up. Life insurance is a crucial, but an often overlooked financial consideration with other demands on income or the uncomfortable subject and discussions avoided. We all need to override the emotion and examine it clinically. If the aim (and it is) is to have enough cash to cover the lack of income if you’re gone it’s important to consider fully the financial impact if you died. That means calculating a lump sum that’s enough to repay any outstanding debt (including a mortgage if you don’t have a separate policy), and provide for outgoings your dependants would have. Getting advice on the most suitable types and levels of cover, as well as the most competitive rates is highly recommended.