A great SHOCKING Truth of UK mums not having life insurance for their families. The Telegraph explains the importance of protecting your family and assets with Life Insurance: >>> Click HERE: is.gd/UKMums By Kara Gammell, Personal Finance Reporter 7:00AM GMT These days, many women of the house are the breadwinner. So it may surprise you to know that many don’t have life insurance in place to help protect their dependents or partner, should they die. I know that most of us don’t like to think about dying as it is too depressing. In fact, when you look at figures from Brewin Dophin which show two in three people die without a will, it seems like when it comes to passing away, few of us accept that it will ever actually happen. But by putting our heads in the sand, we can leave our families at risk if we dont take out life insurance. The good thing is, that with most mortgages you are required to have this type of cover, but many people living in rented accommodation wrongly overlook this type of insurance. No matter where you live, if you have children, life insurance is crucial. Especially when you consider the fact that one-in-20 children lose a parent before they are finished full-time education. But while many of us get some life insurance coverage through our employers, it is usually not enough to provide a safe future for our families. Even in a two-income family, the loss of either parent would have extremely serious implications. Parents depend on each other in all sorts of ways that go beyond earning an income and paying the bills. In many cases, the surviving parent would have to leave their full-time job in order to care for the kids. Or if they choose to continue to work, the extra childcare needed would become very expensive. Now, while this seems all very morbid, unfortunately, it’s a grim reality. A parent’s responsibility continues even after death. But there are steps you can take to ensure you family is financially secure. It certainly isn’t expensive to put this protection in place. For instance, at the moment, a 30-year old woman would pay around £5 a month to get £300,000 of cover for 25 years. >>> is.gd/UKMums In the past, much like car insurance, women benefited from lower life insurance premiums. Historically, women have paid cheaper rates because we have a longer life expectancy. But this is all about to change when the implementation of EU gender neutral legislation came into effect last January. This ruling means that insurers will, for the first time ever, remove one of the key considerations when deciding on the premium that a person has to pay: our gender. ---Research your options--- If you are unsure about levels of life insurance you require, which will vary depending on personal circumstances, check: >>> is.gd/UKMums
Posted on: Thu, 28 Nov 2013 15:32:13 +0000