£31,627 a year - that's the value of a mum!
In our 'Value of a Parent' research 2013 it was highlighted that the average value of a Mum was over £31,000 a year. From the parents that participated in the research, only 54% had life insurance. The research was carried out on Legal & General's behalf between 18th and 25th January 2013.
We found that the value of the work that Mums do around the home is £31,627. The value of a Mum is sometimes overlooked when families try to work out their life insurance needs. The research also highlights that the average family spends £8,580 a year raising their children, which is £154,440 over 18 years.
If Mum was no longer alive where would that £154,440 needed to pay for domestic work and child-care come from? Who would fill the gap and help maintain the families living standards.
Why not take the first steps in helping to provide financial security for your family and get a quote for life insurance today. Our premiums start from just £6 a month and offer:
The bills don’t stop coming when someone dies. Help protect your family financially with life assurance from £6 a month.
Could your family afford to pay the mortgage if you died? Help make sure they never have this worry.
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