Have you ever Googled ‘what is my life worth?’ It brings up a variety of responses, such as websites entitled ‘HumanForSale’ and essays about ‘Obamacare’. They mostly give you the option to calculate your life’s worth, as a fun experiment. Really though, these websites are missing the point. The value of your life shouldn’t be measured by the number of cars you own or how big your TV is, it should be measured by the impact you have on the people around you.
Ah, that’s got you thinking, hasn’t it!
We’re not talking about the epic acts of love you see in the movies. Obviously, caring for your disabled sister or being a foster parent are highly emotive and admirable things to do with your life, but you don’t need to go that far to have an impact on other people’s lives at all. Maybe you just remember to call your mum every week because you know she worries about you. Maybe you still feel the need to organise your little brother’s Christmas presents for everyone, because if you don’t, you will all getting bath salts. Maybe you just bought your friend lunch because she forgot to bring any money in to work (again!). It doesn’t matter what you do, what matters is that if you didn’t do it, these people in your life would somehow lose out or not get the comfort and reliability that you provide.
According to Which? just 44% of adults in the UK have life insurance, compared to the 78% who have home contents insurance. This suggests that people put more value on their possessions than their life. This might be because it is easier to imagine your laptop being stolen than yourself dying, but the impact of the latter will be much greater on your family and the people you love! Most people are capable of imagining the cost of replacing a laptop or mobile phone, but not everyone stops to consider the financial consequences of death. It might be a grim subject to consider, but the average funeral costs £7622 (again, from Which?), which is a large lump sum for your loved ones to pay at a difficult time. If you’re leaving children behind, it is worth remembering that the average cost of bringing up a child in the UK for 18 years has risen to £148,105. What all this means is that you and the life you live is the most valuable possession you own and that your family will ever have.
Without you, suddenly the person who provides all the childcare isn’t there anymore and there’s no dinner on table because the main breadwinner isn’t there to provide as they once were.
It is of course difficult to put a price on your life. It’s not something you want to think about, and you can’t really put a price on all the things, big or small, that you do for the ones you love. But once you have thought about how much cover you realistically need, our qualified consultants can provide you with a free, non-obligation life insurance quote. Just give us a call on 0800 6800 205.
Value yourself – you are after all priceless!