Are you a parent without life insurance? You’re not alone
Being a parent is so rewarding, even if it does come with a to-do list as long as your arm! Putting life insurance at the top of your list is important, but you’d be forgiven if you haven’t got around to it. There are likely to be a lot of parents out there who don’t have a policy.
If the worst were to happen to you, a life insurance policy could protect your other half and your kids. It’s easy to understand why you’d rather avoid the thought of you passing away. But there are some other reasons why parents put off taking out life insurance too.
Life insurance is too expensive
At Caspian, we hear from a lot of parents who would love to protect their families’ future, but they’re put off by the cost. Having kids can be expensive as it is, without adding policy premiums to your monthly outgoings.
Life insurance doesn’t have to be expensive, especially if you compare through the UK's leading life insurance providers. The only problem is finding the time to do the legwork, particularly if you have a busy household to look after.
Our team of friendly experts do the hard work for you and can help compare policies with the top UK life insurance providers. By understanding your needs and budget, we can help you to find the best solution for your circumstances. We make sure everything is explained along the way, so you can feel confident you’ve got a policy at a price you can afford.
It’s too complicated to take out a policy
When parents come to us, they often admit that applying for life insurance has proven too confusing and time-consuming. We don’t blame you! The last thing you want to do when you finally get time to yourself is deal with a lengthy form or complicated questions.
There are a few different types of policies, such as level term life insurance, mortgage protection, critical illness cover, and income protection. It can be difficult to work out which cover is right for you. Our team can help you understand which policy you would be best suited to, including whether you’d benefit from more than one policy.
While having more than one policy sounds even more confusing, it can be important as different policies can financially protect you against different life events. Some policies are more beneficial for your kids and others can help cover your mortgage, monthly wage, or funeral costs.
Too young to need life insurance
If you’re in full health and still young, there’s no wonder you don’t think life insurance is a priority right now. The sad truth is that with life insurance, it’s better to be 5 years too early, than 5 minutes too late.
Don’t wait for something to happen before you realise you could benefit from life insurance. Once you have a medical condition, it can be much more difficult to get accepted for life insurance cover.
A bonus of taking out life insurance when you’re younger, is that your life insurance payments are often cheaper. As you get older, you’re at a bigger risk of becoming ill, so your insurance costs can go up. So, if you’re young and in good health, start protecting your family now, before it gets more expensive.
Life has a way of throwing curveballs when you least expect it, but by taking life insurance out early, it can help you to be a little more prepared.
No one knows what’s around the corner, but life insurance can offer relief when it comes to any financial stress during a difficult time. If you want help finding the right life insurance policy, click the button below to get started with your free life insurance quote.
