Insurance / Protection: How much does this cost you each month?

[KentishMama]

I'm trying to get a better handle on our finances as I'm moving from a full-time to a part-time role this year and will be losing some benefits that came with the old job.

We're a family of 3 (me, DH, toddler DS) plus 2 adult DSS. DH works full-time. I will be working 4 days. We both earn well (above average, but not investment bankers with fat bonuses or anything like that). DS goes to nursery 4 days a week. DSSs have some financial support from us, approx £500/month. We have a mortgage, but no other debt.

Our 'Protection' consists of:

• Pension: ~10% of salary each
• Decreasing life insurance to cover mortgage
• Fixed sum life insurance of £100k each
• Basic Bupa health insurance with a high premium (so it's really just got big, life shattering emergencies)
• Critical illness cover to cover around half of current mortgage
• Income protection to cover around 50% of current salary, kicking in after six months only
• Home insurance and similar as dictated by our mortgage company...
• Travel insurance for free with our bank account

All of the insurance comes to a whopping £400 a month (because DH is high risk for a few health conditions). Plus the pension of course. What I just can't figure out is whether this means we're really quite well protected or if this is basic?

Would any of you be willing to share your setup, even roughly?!

I have income protection, critical illness and health insurance through work. The insurances are for 50% of salary. The kids are covered for health insurance but not Dh.

I pay 8% into pension, and company add another 5%.

Dh is a teacher so pays a whacking amount into his pension. He then has critical illness and mortgage protection separately and rather embarrassingly I have no idea how much we pay for those - maybe around £100 a month. Buildings and contents was around £300 annually I think.

Oh I also have a death in service benefit of 3x salary.

Thanks, that's soooooo helpful!

I'm single and have no dependants or other family, so if I am ill or incapacitated the only person who's going to look out for me, is me. So I have the following:

Critical illness and life cover joint policy - £95 per month for £100k of cover - I have a mortgage of £90k. It's loaded by £40 a month as I have PCOS so a higher risk of diabetes as I get older apparently. Got this mainly as everyone on my family gets cancer and if I need to take time off sick for a course of chemo or something, I want to know the mortgage is paid.
B&C cover - £54 a month - also covers my bikes at home and away from home
Travel - get this as I need it as I sometimes do mountaineering which is a higher risk so need specialist cover for high altitudes and helivac.
Trusty NHS for health.
No income protection - my cousin was stiffed by it so I don't bother. I'm a PA so can always temp. I also have 3 months living expenses in the bank "just in case".

Oh, and 2x salary death in service, and 10% of my salary into my pension too.