Peter and Deirdre are both aged 55 and 53 respectively and both are working earning €120,000 between them and have two young children, Conor aged 21 and Caitriona aged 19 and both are in full time college. They have a small mortgage which is covered by mortgage protection but they find the college fees a financial strain each year. They are concerned that their children will be badly affected should anything happy to either of them or both or them.

Families with college dependent kids need to look at the following form of cover in terms of family protection in a step down approach

Trio of Cover

1). Life Cover is the most important 

2) Income protection cover is second most important

3) Serious illness cover is third 

A family with older children need to ensure that majority of their income is covered in the event of premature death or serious illness or loss of income due to being out of work with a major illness.