We never expect anything serious is going to happen to us, especially when we feel fit and healthy, but it can and does. With school fees continuing to rise faster than salaries, a protection policy is crucial for protecting the education of your child should the worst happen.

A school fees protection policy will pay for the school fees should you or your spouse become terminally ill or die and where the policy benefit is paid directly to the school in order to avoid tax and probate issues. You can also elect to add critical illness cover for an additional premium.

It is a unique scheme as it enables policy proceeds to be paid directly to a school rather than to any individual which avoids any taxation or probate issues normally associated with a deceased estate.

You might consider protection too expensive. But, there are always ways to bring down the cost to meet your budget. If you’re interested in discussing the ins and outs of a school fee protection policy please get in touch.