Sometimes considered an expensive luxury but always considered inadequate if a tragedy occurs.  Setting an appropriate level of cover is both sensible and prudent and should take into account not only extinguishing any debt but should also be set high enough to provide a lump sum to assist any survivor.

Can also be used to cover or contribute towards any potential IHT liablity.

Critical illness

Adds an additional dimension to life assurance which can provide a lump sum should a life threatening or terminal condition be diagnosed.

Permanent Health Insurance

This provides a form of income replacement when an individual is unable to work and is paid to the contributor after a predetermined waiting period has elapsed, such that the deferred period can be chosen from a delay of benefit from 1 month to 1 year.  The benefit can be paid tax free and be payable until normal retirement date and can be either a fixed sum or inflation protected.