Life insurance for mums

Mums can benefit from life insurance in the same way that dads can. In fact, most adults with financial responsibilities should consider protection.

The make up of every family is different, but everyone wants to protect their loved ones. So whether you’re a new or expectant mother, a single mum, a stay at home parent or the main family breadwinner, having life insurance could be a smart move.

There are many reasons why it’s a good idea for mums to get life insurance. Here are just some examples:

• Maintain your family’s lifestyle. Raising children certainly isn’t cheap. Life insurance can help protect your family’s ongoing living costs. From the mortgage or rent to clothes, hobbies and activities.
• Protect a growing family.  Your life insurance cover amount can often be increased following the birth of a child. Learn how mums can make changes to their life insurance policy.
• Peace of mind. Having life insurance can give mums extra reassurance that their loved ones are financially protected. If the worst happens to you, the cash sum could be used for any purpose.

It’s a misconception that life insurance is only designed with the main breadwinner in mind. Of course, it’s important to protect your household’s income. However, if you were to add-up all the little things a stay at home parent does around the home, what price would you put on it? All the cooking, cleaning, daily school runs and homework support – it all adds up. It’s safe to say your family couldn’t manage without you.

Sure, your partner might be paying more towards the mortgage, but if you were to pass away, would they have to take time off work to look after the children? Or would they have to pay someone to carry out your daily duties? This is a difficult subject to think about, but it shows the importance of life insurance for mums and dads who look after the kids at home.

Life insurance isn’t just for couples. If you’re a single mum, could your children manage financially without you? Having a life insurance policy in place can offer your children a financial lifeline in hard times. From paying off the mortgage to contributing towards their education. Read more about our life insurance for single people.