Edward is 32 years old and has just moved in with his girlfriend Jo who is also 32. He works as a lecturer at the local university and has, until the recent smoking ban, indulged in a 20-a-day smoking habit. Much to the delight of Jo, he has now stopped smoking entirely. He has led a sedentary lifestyle but now he is a non-smoker he is keen for them to adopt a more active lifestyle and start water-skiing and sky-diving. Both are healthy, as are their families, apart from Jo's father, who has suffered from depression in the past. Jo is currently looking for a job after being made redundant, while Edward earns £30,000 a year. What protection do you recommend for the two of them?
Duncan Horner, Towry Law There are potentially a number of protection issues that Edward and Jo may need to address. The starting point is to look at their existing arrangements. Edward works as a lecturer at the local university and so should be a member of the Universities Superannuation Scheme. This scheme provides life cover of three times salary, and so, for Edward, this will be £90,000. No medical evidence is required. Edward does not appear to have any dependants or liabilities and so this level of life cover should be sufficient. However, if he does have additional life cove...
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