Insurance & Protection

It's worth it for catastrophic, unlikely events, and usually not worth it for small, affordable ones (extended warranties, gadget cover).

If you couldn't work, what would you live on? Statutory Sick Pay is £123.25/wk — far below most people's outgoings. Income protection and critical-illness cover fill that gap, and many people already have some through work, so check first.

It matters most when someone depends on your income — children, a partner, a mortgage. It's often cheaper than people expect when you're young and healthy.

Buildings insurance is usually a mortgage condition and car insurance is a legal minimum. Beyond that, prioritise income and life cover over gadget and warranty add-ons. This module educates only — for tailored cover, speak to a regulated adviser or broker.