3 ways financial protection supports parents and families

Secure your family’s future, no matter what it holds.

Family life can be full of uncertainties, but one thing that never changes is the care we have for our loved ones. We want to protect them, help them grow and see them flourish.

Creating financial stability for our families is about managing day-to-day expenses, putting food on the table and a roof over their heads. But it also means thinking about the future and planning for all eventualities so you can safeguard their future.

Does your family need financial protection? 

Financial protection pays out if you can't work, become seriously ill or pass away. It doesn't stop these things from happening, but it can make it easier to deal with unexpected events that affect your family’s financial safety. Despite the benefits of financial protection, many families remain unprotected. Almost two thirds (63%) of people don’t hold a life insurance policy, even though the same proportion agree that life insurance would benefit their family.

The good news is that protection almost always pays. In 2024, insurers paid out £8 billion with an average acceptance rate of almost 98%. The cash from a successful claim could go a long way towards maintaining financial stability for your family.

3 ways protection can benefit families 

Caring for a family comes with a lot of responsibility. Providing a home, paying bills, funding education and supporting your family’s aspirations are all significant commitments, and a loss of income can make it harder to meet them. But financial protection can help you plan for life’s bumps and keep things ticking over when you need it most. Here are three ways that financial protection can safeguard your family.

1. Provide stability for your loved ones 

Financial protection provides security if you or your partner are unable to work through illness or injury, suffer a serious like a heart attack or cancer or if you pass away. It helps your family cover expenses like mortgage repayments or rent, utilities and the weekly food shop so that, even if you can't work or you're no longer around, your family will be safe.

2. Support your children through education 

Protection payouts can also help you pay for your child’s schooling, extracurricular activities and university tuition. You’ll have peace of mind knowing that you’ll still be able to give them the best start in life no matter what happens.

3. Help your family realise their ambitions 

Your loved ones might have long-term aspirations to pursue a certain career, travel or learn new skills. Protection could help them continue to focus on their dreams, even if an accident or sickness meant you were unable to provide for them.

We can help you safeguard your family

We've helped thousands of families maintain stability when the unexpected happens. We work with a panel of leading insurers who provide a wide range of cover options. These products offer flexible, affordable options for modern families. Cover starts from less than you think, and you’ll receive personalised support from one of our expert financial protection advisers.

Discover how financial protection could help your family flourish.

Crystal Clear Financial Planning & Mortgages is a trading style of Martin Jones Financial Planning Consultants LLP which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. Policy terms & conditions apply. Approved by The Openwork Partnership on 01/10/25