According to recent data, the average UK household spends more on the nation’s favourite beverages than they would to protect their family if they bought a life insurance policy.
The ONS Family Spending survey 2018-19 shows that households spend an average of £6.50 a month on tea and coffee, compared to as little as £5 per month it could cost to protect loved ones with life cover.
What’s more, with Brits spending an average of £5.40 a week on takeaways and £8 per week on drinks out, it’s clear that life insurance is an affordable option for many.
Cheaper than you think
Life insurance can be an awkward topic – after all, nobody likes to think about the worst happening to them. However, as the coronavirus crisis has proved, no one knows what’s around the corner and buying life cover for as little as £5 a month could help to safeguard your family’s future and turn out to be the best decision you’ve ever made.
Choosing the right cover
How much you pay for your life insurance premiums will depend on your age, health and lifestyle. We’re here to help you find the most affordable cover and help reassure you that your family would be looked after financially if you were no longer around. So do get in touch.
As with all insurance policies, conditions and exclusions will apply
Catch up on our other blog posts:
Millions Hiding Ill Health From Loved Ones
Seven million people are keeping quiet about mental health issues, while nearly four million are hiding a physical health problem from their families, according to a study1. Keeping loved ones in the dark about health issues can create problems both now and in the...
Stamp Duty – Just a Reminder!
The temporary raising of the nil-rate Stamp Duty band threshold to £500,000 ended on 30 June. The measure was introduced in July 2020 to maintain confidence in the housing market during the pandemic. Don’t despair if you missed the deadline, as there's now a tapered...
A Record Summer for house prices?
House prices continue to rocket, with the Nationwide House Price Index1 revealing annual house price growth of 13.4% in June, the highest level since November 2004. The extended Stamp Duty holiday, in addition to the new mortgage guarantee scheme and changing...
(Your home may be repossessed if you do not keep up repayments on your mortgage)
We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)
For Lifetime Mortgages/Equity Release the fee will be £799.
Our mission is to provide honest mortgage advice, whilst helping you save money.
Get in contact
Flexible appointments
Or call —02380224925