Arrange life cover?...Id rather change a nappy

Recent research has found that a remarkable 48% of mums don't have any life insurance cover at all. The main excuses behind their lack of protection were not understanding it (30%), not having time to sort it out (30%) and believing it was an unnecessary cost (36%).

The Mums were asked to rank a list of tasks in order of preference and found that most would rather change a dirty nappy than organise life insurance cover.However, mums admitted that sorting out protection would be less preferable to cleaning hair out of a plug-hole, going to the dentist and doing two weeks' worth of ironing!

Mums were asked if there were any other reasons they had decided not to take life insurance cover and revealed the following excuses:

Sorting out life insurance cover doesn't have to take a long time or be complicated, but it is important to have in the event the worst should happen. Everyday tasks like washing, ironing, cleaning and doing the school run could all have to be paid for privately, and families should think about the value that stay-at-home parents provide and how they would cope financially with only one income.

While death in service benefits at work and the breadwinner having protection are good to have in place, neither of these things will provide the same level of protection if the worst should happen.

Families should make sure they fully take into account the value that both parents contribute and recognise that by ensuring they have sufficient life insurance in place.

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