Thinking about the future and how the family will cope should the unexpected happen is a worry that can be easily avoided by taking out life insurance. From as little as £5 per month people would have peace of mind knowing that their loved ones are protected.
London (PRWEB) May 31, 2009
The average cost of raising a child from birth to the age of 21 in the UK is now an astounding £193,772 - that's almost £10,000 per year. However, research from the Post Office has shown that a mere quarter of UK adults have life insurance that would take care of expenses for young children should the unforeseeable happen.
More shocking than this is that only one life insurance policy application for every 10 pet insurance applications. This may be because people associate the term life insurance with death and prefer avoid the subject. Looking after the family pet is much more appealing. However, Post Office suggests that instead of death, life insurance should be associated with forward planning and providing for those we care for most, should the unforeseeable happen.
Given the current economic climate, many people may consider life insurance to be an additional expense they can't afford. On the other hand, with life insurance policies starting from as little as £5, life insurance is an investment all parents should make for their family's financial security, especially since the average UK adult values themselves at £350,000 .
Post Office head of protection, Duncan Caesar-Gordon comments: "Thinking about the future and how the family will cope should the unexpected happen is a worry that can be easily avoided by taking out life insurance. From as little as £5 per month people would have peace of mind knowing that their loved ones are protected."
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