Can I take out life insurance specifically to cover my children's school fees?
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. | 11.15.10 @ 11:54