Life Insurance Search

A new study by Sainsbury’s Finance has revealed that the impending school summer holidays will cost parents in the UK a combined £4.52 billion in outlays related to childcare, trips out, restaurants and pocket money. Yet, with 3.2 million parents not possessing life insurance cover, the company also urged parents to consider the value of such insurance.

Steve Johnson, head of Sainsbury’s Life Insurance, comments, “It's so easy to underestimate how expensive it is to look after a child. Kids depend on Mum and Dad for everything, not just during the holidays, but throughout their whole childhood.

“Parents need to consider how their families would cope financially should something happen to them, and nowhere is this more evident than in the cost of child care. life insurance can help provide peace of mind knowing that your dependants could receive a cash lump sum if you were to die during the term of the plan.”