British dads ignore life insurance

Thu, 19 Jun 2008

Many fathers in Britain have not taken out the life insurance cover required to ensure that their children would be comfortable if anything happened to them, claims a new study.

According to research from Friends Provident, fathers in the UK were more likely to buy the latest technology than spend money on financial products like life insurance . The research also revealed that one in three dads felt that they had not got enough life insurance cover in place to support their children if anything were to happen and an astonishing one in five fathers had no life insurance at all. Peter Timberlake, head of public relations at Friends Provident said that many fathers appear to be focusing on today rather than thinking about tomorrow.

Legal and General have recently said that the present credit crunch should convince parents to consider life and critical illness insurance. "Most families' finances would unravel if a parent died or became too ill to work. They are risking their futures by not protecting their key asset, their future income," explained Bonnie Burns, the lender's director of protection.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Health cover, life insurance and PMIProtect Your Health

Find Critical illness, Life and Private Medical Insurance PMI policies.

UK Home Insurance QuotesHome Insurance

Get the best home insurance deal and learn how to minimise the risk of household burglary.

Car Insurance - Compare Quotes from top UK CompaniesCar Insurances

Find the cheapest Car Insurance quote in the UK and get tips to help reduce your premiums.