Someone wise once said that life is really simple – but we insist on making it complicated. The same could be applied to life insurance. Too many people like to mystify it with technical jargon or claim it’s unaffordable. Some dismiss the need for it at all, while others think savings alone would be an easier way to leave behind a lump sum for their loved ones when they’re gone.
In an attempt to clear up some common misconceptions, we’ve addressed five of the main ones below. They offer quite simple reasons why life cover might be worth reconsidering. In a nutshell, it’s a straightforward way of protecting your partner or kids financially if you die. But it’s more than just a money thing. Yes, it could cover the mortgage if they’re dependent on your wage or meet the cost of the funeral. And yes, it could foot the bill for childcare or even pay off a debt. But ultimately, it’s also about giving your family peace of mind at one of the most difficult times in their lives. It’s about continuing to look after them – just as you’ve always done.
The things we do for love! Cheering from the side-lines when they’re 6-0 down; overlooking the messy bedroom while they’re cramming for exams; Justin Bieber concerts; shaking hands with their first boyfriend through gritted teeth; the ‘taxi’ to swimming lessons twice a week; the packed lunches; and the after-school ‘artwork’ we pin on our fridge doors...
You look out for your loved ones every day. Maybe we can help keep up the good work when you’re gone.
Ruth Taylor, 45, is a mum of two who was diagnosed with breast cancer back in May 2016. We are honoured to share her journey from initial diagnosis, informing her family, through to chemo and radiotherapy. She hopes to raise awareness and educate others about breast cancer, while firmly kicking cancer back where it belongs. This is the tenth instalment in her guest blog.
The next thing I recall was waking up in a fairly large room and being aware of a number of medical staff near me. They asked if I could hear them and if I was feeling sick. I soon started to come round properly and I was taken from the recovery room back to the ward and my room. I remember them telling me that I had been given morphine for the pain while I was still under anaesthetic and once that wore off they would give me other painkillers to keep me as comfortable as possible.
School might be out for summer but there’s a lesson still to be learned about the importance of pre-term budgeting. It comes after a recent survey from Equifax (September, 2016) found the combined cost of parents getting their children ready for September is nearly £300*.
From new uniforms to stationery, sports gear to getting a new school bag, the research by credit information firm Equifax found parents rack up an average of £296.82, with technology, including tablets and mobile phones, making up a big proportion of the cost.
School might be out for summer but there’s a lesson still to be learned about the importance of pre-term budgeting. It comes after a recent survey from Equifax (September, 2016) found the combined cost of parents getting their children ready for September is nearly £300*.
From new uniforms to stationery, sports gear to getting a new school bag, the research by credit information firm Equifax found parents rack up an average of £296.82, with technology, including tablets and mobile phones, making up a big proportion of the cost.
Families living in rented accommodation are much less likely to have a financial protection policy in place than homeowners, according to new research.
Just 3% of people who rent privately have income protection, for example, claims the new study by Aviva. It also found tenants could be putting their financial security at risk in others ways too, by not having adequate savings to fall back on in the event of illness or unemployment.