You can’t put a value on a Mum, yet Legal & General’s latest Value of a Parent research shows that the unpaid work they contribute to the home is valued at over £31,500 a year.
As a parent, you want to provide the best for your children and give them a safe and secure future. As we all know, raising a child is expensive. In the last two years, the average cost of raising a child to the age of 18 has gone up 15%, from £133,848 in 2011 to £154,440 in 2013.
The research also found that Mums spend, on average, 71 hours a week on domestic chores. Your family is important to you, and that’s why you spend your time caring for them and giving them the best lifestyle possible. But how would they cope financially if you became critically ill or died?
Does your family have the finances in place to hire outside help
if you weren’t able to carry out domestic work around the home?
Perhaps now is the time to look at personal protection cover.
Having this in place can help to ensure that, should the worst happen, you have the finances in place to help your family
maintain their current lifestyle.
If you’d like to speak to us or would like to arrange an appointment to discuss protecting your family please contact one of our offices on the numbers below –
Aberdeen – 01224 900879
Ellon – 01358 268166
Caithness – 01593 721240