Last updated 11:09 AM - 9 Aug 2018 | Published By Emily Davies
Unknown to many families, Life Insurance is one of the most effective ways to protect your loved ones and their future. The truth is, a great policy could easily help cover mortgage and child care costs as well as help secure a good education for your children and safeguard your loved ones from inheriting your debts. But with all of these great benefits.
LifeInsuranceExpert.co.uk provides an online service that enables users to get free life insurance quotes, many customers are shocked at the results they find. Most just can’t believe that the available rates are in fact real, but the truth is, rates have dropped significantly for life insurance policies compared to the past. Thanks to the service on LifeInsuranceExpert.co.uk, it’s now easy to find life insurance policies suitable for you and your family.
Raising a family is a rewarding feat, but certainly not a cheap job. There are many financial hurdles thrown your way when having kids, and costs extend from home to school to holidays. If you were to no longer be around, the costs would not disappear, so you need to make sure that they can still be paid, even in your absence. This is why life insurance is an invaluable asset that can keep your loved ones financially safe and secure when you pass, so no costs will be left unpaid.
Here are just some of the things you’ll need to pay for in your family’s future, and how life insurance can cover these, including:
Education
debt
living expenses
mortgage
bills
savingsOk, so are you ready to see what cover you could get for you and family, it’s free and no obligation to get your quote!
In the UK, an estimated
500 womenbecome widows every day*
>> Approximately 23,600 parents die in the UK every year.
That’s one parent every 22 minutes+
>> 111 children become bereaved every day+
>> Around two children under 16 are bereaved of a parent
every hour of every day in the UK*
>> By the age of 16, around 1 in 20 young people will have
experience the death of one or both of their parents
>> The average funeral expenses amount to £4,100 in the UK~
>> The maximum Widowed Parent’s Allowance (WPA) is £112.55 a week.
>> Some are also entitled to a Bereavement Payment: a one-off, tax-free, lump-sum payment of £2,000
>> Only 50% of households with mortgages have life insurance
>> £2,770 average food bill per house per year
