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Why I Spend £550 a Month on Life & Serious Illness Cover, and Why You Might Want To…

  • Writer: Joe Woodhouse
    Joe Woodhouse
  • Sep 16, 2025
  • 1 min read

£550 a month for insurance?


For some people that sounds outrageous. For me, it’s a non‑negotiable.

Here’s why:


I’ve calculated exactly what my family would need if I die or get diagnosed with a

serious illness. My policy isn’t based on a back‑of‑an‑envelope guess; it’s designed to

pay off our home mortgage, clear all the loans on my buy‑to‑let portfolio and fund my children’s university fees.


If I’m no longer here, my wife will be completely debt‑free. The rental income from our properties, plus other investments, will provide

more than enough cash flow for Laura and the kids.


And if I suffer a serious illness?


• The mortgage on our home is paid off.

• I get a lump sum large enough to clear the investment mortgages if I choose, or

to invest further or simply live off until I recover.

• My wife’s cover is half of mine because I’m the primary breadwinner, but if

something happens to her, I know I’ll need to scale back work to support our

three children. That extra cushion buys me time.


When you die, your income dies with you. As a husband and father, my duty is to make

sure my family doesn’t drown financially if I’m not around. That peace of mind costs

me £550 a month. I’d argue it’s the best investment I make.


If you’ve been putting off your own protection planning, ask yourself: what would

happen to your family tomorrow if you weren’t here?


Don’t leave the answer to chance.

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