What is Life Insurance for Dads? - Spectrum Financial Advice

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What is Life Insurance for Dads?

“…in this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin

Yes, it’s morbid but as Dads we have to face that certainty together. Time for another quote, from one of our favourite writers ever (the man is a legend, sorry was a legend – dead now…)

“We’re all going to die, all of us, what a circus! That alone should make us love each other but it doesn’t. We are terrorized and flattened by trivialities, we are eaten up by nothing.” – Charles Bukowski

Actually quite chuffed we added a Bukowski quote in here! But let’s get down to it… Life Insurance for Dads. Serious stuff.

This could be one of the most important decisions you are likely to make, and certainly one that your family will appreciate after you have passed away.

The loss of a father is never fully grieved, but the acceptance of your passing away can be smoothed somewhat by having your finances in order. The last thing that you want is for your family to have the uncertainty or burden of financial issues on top of their grieving process.

Critical Illness Insurance

Life insurance is designed to pay out a fixed sum on your death. This kind of cover can be used to pay the mortgage and help set up your children with further education – it can be your legacy.

What price can you put on this kind of protection? In a lot of cases, suitable cover can be arranged for less than £10 per month.

That should bring peace of mind to not just you, but also your spouse. There are a multitude of life insurance options out there right now, so it is worth discussing with an independent financial advisor to make sure you get the best deal for you.

At Spectrum Financial Advice, we specialise in exactly that. Our knowledge, connections and experience mean we have access to all life plans available. When we provide life insurance options, it is based on a specific customers requirement and their situation. This allows us to tailor the perfect life insurance plan for each of our customers, often with the lowest monthly premiums available.

The sooner that you get life insurance, the better it is. Premiums are based mostly on age, so the younger you are when you sign up, the cheaper it will be.

Why is Life Insurance for Dads so important?

Kids don’t come cheap… the estimated cost of raising a child from birth to age 18 is over £150,000 for a couple family or over £180,000 for a single parent (Source: Child Poverty Action Group (CAPG)).

For you to leave this financial burden on your partner if you die is not favourable in any circumstance. Depending on the specific plan you select, you will be able to contribute financially beyond the grave – and that in a nutshell is why life insurance for Dads is so important.

To discuss your life insurance options with a personal protection expert, get in touch with us right now. Once we have some basic info from you, we will offer a tailored plan that will work for you and your family.

Here’s some examples (prices correct April 2022)

We look at all our providers 

We have access to the leading insurance providers in the market, which allows us to recommend the most suitable policies based on your individual circumstances.

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