Top 7 Life Insurance Reasons
These days having a life insurance is a must especially if you have dependents
. According our recent survey below the top 7 reasons why customers were looking to compare life insurance online.1
Buying a new house or moving
35%
2.
Remortgaging existing property
21%
3.
Protection for the family
19%
4.
Becoming a new parent or getting married
10%
5.
Change in income or debt levels
9%
6.
Protecting the mortgage
5%
7.
Renewing old policy
1%
Kids to get 2.47bn worth of Christmas gifts:
New research by life cover provider LV= has revealed the startling amount of money being spent on children this Christmas.
Parents are set to spend an average of 178 on gifts for each child this Christmas, according to new research from life cover provider LV=.
This means that, collectively, the nation's parents will fork out an astonishing 2.47 billion on presents for their children.
The tough economic climate appears to have done little to dampen spending, as this year's total represents an increase on the average total spent per child last Christmas (168).
Mark Jones, head of protection at LV=, said that parents are "keen to make Christmas as memorable as possible".
But the expert emphasised the importance of looking beyond the short term and ensuring families have suitable budgets and long-term financial plans in place.
"Even a small drop in a family's income can make it hard to balance the books, especially at this time of year, and people should make sure they have adequate protection in place to look after their finances if the unexpected should happen," he advised.
Previous research by LV= has highlighted the importance of life cover and critical illness cover (insurance) by revealing the costs associated with bringing up children.
The insurer found that UK parents expected to spend around 8.6 billion on childcare and entertainment over the summer holiday, followed by 736 million on 'back to school basics' such as uniforms, stationery and school books.
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