We’ve been researching the value of a parent for over 30 years. Parents may tend to take their wages into account when deciding on a level of cover, but they often don't consider the unpaid domestic work they do. Our research puts an average insurance value of the unpaid work that a parent does around the home.
Some key findings include:
This year we have also created an online calculator that can help you work out the financial value of the unpaid tasks your clients carry out as a parents.
Our research also looks at the cost of raising children, here are some of the key findings:
To see more of our research findings, check out our Value of a Parent Infographic PDF: 692KB
Value of a Parent Infographic PDF: 692KB
Value of a Parent - Client Flyer PDF: 255KB
The Value of Parents varies across areas of the UK due to regional pay rates and time spent on chores.
|Region||Value of a parent|
|Yorkshire and Humberside||£26,053|