Life Insurance 

Workplace life policies are not enough, experts warn

"And even in two-income families, often the loss of either one means the other reduces due to the extra care needs suddenly arising. So providing for a replacement income in case of that eventuality is vital and need not be expensive."

He added: "Both those who earn and those whose work is caring for their family are eligible. The best value cover is income protection, and any protection adviser can guide clients through the simple hoops needed to apply for it."

simoney.kyriakou@ft.com