Unnecessary Luxuries or Your Children’s Future: Which Would You Choose?

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In the UK, we’ve been paying for entertainment subscriptions for generations – two examples being the BBC TV license (since 1946) and Sky TV (since 1980).

Regular monthly payments have been flying out of bank accounts to pay for entertainment.

Today’s figurehead in terms of subscription culture is Netflix. Other famous names include Amazon Prime, Xbox Live, Playstation Plus, Spotify and Apple Music, which are all vying for pounds out of your salary and you are happy to pay them – what’s a tenner a month for all the TV series, music and other entertainment?

But have you thought about life insurance in amongst this collection of subscription services?

Protect your family with life cover

Entertainment is all about the present. A collective focus on right now that can leave planning for the future a distant second place.

Don’t put your children’s futures at risk - instead, take a look at life insurance policies and you’ll be surprised how they can often cost less than even a single one of those other subscription services you are willing to pay for.

One of the biggest myths regarding life insurance is the cost. Without doing any personal research, the prevailing thought is that taking out life insurance to protect your children in the unwanted situation of your own death will require a regular premium payment that’s just impossible to meet – closer to a hundred pounds a month than the £10 or so it truly costs.

Find out yourself by applying for an accurate life insurance quote from across the top providers in the UK, but even without doing that, know that for many people, cover of £150,000 in the event of their death could well be cheaper than the most basic Netflix subscription.

Enough life insurance to ensure the mortgage is paid off and leave enough aside for any child future investment plans would cost a healthy young man less than a family subscription to Apple Music.

Which one is more important?

What is the best way to protect your child’s future?

The loss of a parent is devastating enough without it coming with a substantial change in living circumstances. The security and stability of the family home cannot be understated in its positive effect in helping a family come to terms with their grief – the last thing they need is to lose it all in a single moment.

Life insurance provides that financial peace of mind that means that no matter what, your children’s physical needs are catered for – and the best life insurance for families means that there’s enough left over once the mortgage is cleared and the bills are covered to provide for all those things you wanted to generously gift your children as they became adults. First cars, deposits on their own homes, even the wedding dresses – you can still be there to offer financial support in the ways you always dreamed.

Isn’t that better than the immediate gratification of yet more television?

Life insurance for the whole family

Despite its name, life insurance isn’t all about providing financial support when you are gone. It is unfortunate that tragic events can occur that leave you or your loved ones struck down with an illness or life-changing injury. With Critical Illness Cover, your life insurance policy will be there to help you or your children, should a disaster alter the assumed path of your life.

With money to make any necessary adjustments to your home or transport arrangements, or even to provide regular care in other ways, Critical Illness Cover does what it can to limit your suffering and allow you and your family to adapt to a new life.

Of course, you never want the worst to happen but if it does, it’s important to have that safety net.

Life before family – do I need life insurance if I am single?

“Why do I need life insurance?” – It is a question that’s often asked by young single people. With no one to directly leave an estate to, and no dependants to worry about, surely life insurance is an unnecessary expense and the money is better off paying for entertainment?

But even single people should look at life insurance as a key part of their subscription package. From the very simple fact that no one wants to leave grieving next of kin with a substantial funeral bill, to the understanding that life insurance premiums are much cheaper for young, fit, people – the reasons for life insurance before you have a family are many.

Remember – premiums for life insurance policies are set when you take out the policy and will not change throughout its lifespan. Take out a comprehensive level of cover at 23 and you’ll be paying the price awarded a younger, fitter version of you well into your middle years.

And once you move into a part of your life where children are on the horizon, you will be pleased with the policy you already have in place, a security net that has always held you safe that can now be expanded to cover a new family.

Getting cheap life insurance – investing for your children’s futures doesn’t need to cost the Earth

At Quick Quote Protect, we work with all the major life insurance companies to get the best deal for you that is possible. Whether it’s family life insurance in the UK, or getting quotes specifically tailored for protecting your child, we have experts that understand the policies of the providers and will find you the best possible option.

Once it is set up, you can lie back and relax without ever needing to think about it again. Just like that Netflix subscription, it’ll just happen unnoticed.

Life insurance is never going to have the vibrant and exciting buzz that surrounds so many other subscription services.

It is extremely unlikely that your children will ever be grabbing at your legs begging you to get a new whole of life policy or to look at decreasing term cover because all their friends have one, and by denying them you are potentially ruining their entire childhood. But in your heart, you will know that the few pounds that goes every month towards that protection is worth ten streaming video services!

For more information on any of the life insurance products that we can bring for you at Quick Quote Protect, just give us a call today or, if you would prefer, arrange for one of our advisors to call you back at a convenient time.