Father’s Day is only days away and many children will be writing cards with lovely messages inside. Thanking Dad for all the car journeys, pocket money, housework and setting the central heating knob just right. Thanks for washing my car and taking care of me when I’m feeling ill. Thanks for telling me off and thanks for just being you.
Obviously you don’t think of the money saved by Dad doing Dad things, but if you had to put a monetary value on all the little things Dad does, how much would you stake?
We bet it would be a lot less than £21,601 a year! That’s the figure which Legal & General’s ‘Value of a Parent’ research has placed on Dad. For Mum, the figure is even higher at £29,535!
Although a fun little statistic to play around with, there is a serious side. If the worst were to happen and you were to lose your spouse, do you have a contingency plan in place to cover this currently unpaid work?
Customers take out life insurance to cover the cost of a mortgage or loan, but don’t think about how bills may increase when living in a single parent family. Death is a very difficult topic to discuss, but important considerations must be given to those left behind.
So if you think ‘Dad Insurance’ might be a good idea, here's a table showing the costs are much lower than you might think. For a personal quote, use the link at the bottom of the page or call 01243 784000.
| Age | 10 year term | 20 year term |
| 35 | £10.20/month | £11.76/month |
| 45 | £19.00/month | £24.27.month |
Data from http://www.ratetrackingservice.co.uk. Based on £200,000 sum insured & non-smoker.
