Can I take out life insurance specifically to cover my children's school fees?
SimplyFinance Answers is a great place to start your research, but it is not a substitute for personalised, professional
advice. Please review our Terms of Use or Sign Up to ask a question or comment on an existing question. If you would
like to speak to an expert directly, use our Adviser Search to find an adviser in your area and contact them directly through SimplyFinance.
althomson
2 years ago
Expert Financial Adviser Answer
James Brooke
answered 2 years ago
A very few schools offer their own specific policies, but in general there are no insurance policies that are specifically written for school fees protection.
Having said that, a Family Income Benefit Policy can be designed by an Independent Financial Adviser to do the job brilliantly and at a very competitive premium.
The FIB policy will pay out the amount needed for school fees each term, in today's terms, but can also be index linked, usually to RPI, to protect against inflation.
You can also include critical illness cover on a Family Income Benefit Policy.
report abuse
Having said that, a Family Income Benefit Policy can be designed by an Independent Financial Adviser to do the job brilliantly and at a very competitive premium.
The FIB policy will pay out the amount needed for school fees each term, in today's terms, but can also be index linked, usually to RPI, to protect against inflation.
You can also include critical illness cover on a Family Income Benefit Policy.
