The right life cover can help protect your partner’s financial security, helping them maintain their income and lifestyle even if the unexpected happens.

Why financial protection matters for couples

Most couples rely on a mix of shared income, savings and pensions to maintain their lifestyle. The sudden loss of one income can create real financial pressure, especially when larger expenses such as a mortgage, care costs or everyday bills still need to be covered.

Life cover isn’t just about clearing debts. It’s about protecting your partner’s independence, wellbeing and confidence for the years ahead.

It offers reassurance that they can continue to live comfortably, even when circumstances change.

Financial protection is a gift of stability, not just a payout.

Step 1: Work out what needs protecting

Start by reviewing your joint financial commitments, such as:

• Mortgage or rent payments

• Household bills and living costs

• Outstanding loans or credit

• Ongoing savings or pension contributions

When calculating the right level of cover, think about:

• Remaining debts or liabilities

• Day-to-day living expenses

• Any financial support you’d like to leave for your partner or dependants

• Employer provided benefits

If you already have life cover, it’s worth reviewing your policy. Your income, lifestyle and responsibilities may have changed since you first took it out.

Understanding and reviewing employer provided benefits such as death-in service cover and income protection is also a vital part of financial planning.

These benefits can significantly reduce the amount of additional protection you may need to arrange privately, especially when calculating the right level of cover.

It is also important to reassess these provisions when changing jobs, as benefit levels and eligibility can vary widely between employers.

Factoring these into your protection strategy ensures a more accurate and cost-effective approach to securing your financial future. 

You can learn more about your options on our Life cover page.

Step 2: Choose between joint and individual policies

Joint life cover
Pays out once, usually when the first partner passes away. It’s often more cost-effective and straightforward to manage.

Individual life cover
Gives each partner their own policy, providing flexibility and the potential for two separate payouts if both partners pass away at different times.

Each option has its benefits. The right choice depends on your age, financial goals and how your household income is structured.

Speaking to a Rossborough Financial adviser can help you decide which approach best fits your situation.

Step 3: Keep your protection plan up to date

As your life changes, your protection should too. Major milestones such as paying off your mortgage, approaching retirement or changes in health can all affect your needs.

Regular reviews make sure your cover still matches your current goals. As you near retirement, it may also make sense to adjust your policy or move to a more flexible arrangement that suits your income and lifestyle.

If you’re unsure where to start, our advisers can review your existing plan and provide clear, practical recommendations.

How Rossborough Financial can help

At Rossborough Financial, we help couples create protection plans that support their lives today and safeguard their future together. Our team will:

• Assess your current circumstances

• Calculate the right level of cover

• Recommend whether joint or individual life policies suit your goals best

We’ll also review your plan regularly, ensuring it adapts as your retirement, income and lifestyle evolve.

Protecting your partner’s future income is one of the most meaningful financial steps you can take. With clear advice and a structured plan, you can both feel confident that your shared lifestyle and long-term goals remain secure, whatever life brings.

Book a free consultation with our team today to review your existing cover and protect your partner’s financial future.