It’s a fact of life that the family set-up today is markedly different to how it was fifty years ago. With more single parents coping with children on their own, both women and men are now under much more pressure to provide and maintain their financial independence.
A considerable amount of single parent’s in today’s world may never have married, are divorced or even widowers, meaning that should something happen to them, there could be a serious impact on who is left behind.
The problem is, if you are a single parent with children, you will no doubt run your life like clockwork, but what happens if you die unexpectedly or become critically ill? It may not be possible to rely on parents or even an ex-partner to provide adequately for your children.
This is why it’s so important to look at some kind of life insurance, so that should the worst happen your children will not suffer financially during what will be a very traumatic time.
To demonstrate, imagine that as a single parent you were suddenly no longer there? Who would take the children to school? Where would they live? What about the cost of their education?
Even if you have someone assigned as a person who will gain custody of your children should something happen to you, the financial impact could also affect their ability to continue what you planned while you were around.
Life Insurance doesn’t have to be anything more than common sense and a way to make sure that if you die there will be some kind of financial legacy in place to cover the cost of funerals and any bills, but more importantly to ensure that those you leave behind have some kind of protection too.
Should you be a single parent looking for some kind of cheap life insurance then why not contact us for a range of comparison quotes from leading insurance providers? It could be the best decision you make!