So you’ve remembered the lunch-boxes, football kit and school project due in next week, but what about Life Insurance – how many of you have remembered that?

If you answered no, you’re not alone. Recent research by Best Price FS revealed that over half of parents (55%) interviewed did not have life insurance. Worse still, of this group, 47% of them had considered getting it. Some had even compared life insurance quotes, but had still not got around to buying this cover.

These findings are worrying indeed, and emphasise the importance of looking at the bigger picture. So while we may be getting top-marks for our daily routine, when it comes to long-term planning, many of us are falling short of the grade. Financial planning is an essential for all families, helping to ensure that provisions are in place should the worst happen.

 

No time like the present

The recent news that 1 in 2 people will be affected by cancer at some point in their lives is a sobering reality we all have to face. It’s not very nice thinking about death, but thinking about how your family would cope financially after your passing could prove to be an even more distressing thought.

Factor in household bills, a mortgage to pay and the weekly shop and the costs they’ll be left burdened with can really stack up. Indeed, research by the Centre for Economic and Business Research (CEBR) suggests it’d take the average working family 14 days without an income before they would become reliant on their friends, family and state for financial support. At an already difficult time, this would really add insult to injury. Life Insurance can remedy this – the small monthly premium would provide unparalleled protection for your family should something happen to you.

 

So why the delay?

We’re all prone to procrastination, but whether it’s because of time, money or both, there’s little excuse. The internet provides a whole host of websites, enabling you to search, compare, and buy Life Insurance with ease. For those concerned about cost, check out a discount broker. Money Saving Expert themselves have hailed these as one of the cheapest ways to get Life Insurance. Unlike comparison sites, discount brokers reinvest the commission they would receive back into the policy, not their pockets, resulting in a cheaper premium overall.

 

Forget me not

The responsibility that comes in line with having kids is unquestionable. It’s all too easy to put things on the back-burner, but proper forward-planning should never be forgotten. And for just a little extra cost, when it comes to the added protection life insurance provides, prudence pays.

 

Search and compare Life Insurance quotes with discount broker Best Price FS – for the same great policies from the same great providers, they can save you money.


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