At Bristol & West Financial Services we talk to Parents everyday about family protection, their businesses and their debts, we find the three main reasons for parents not taking our advice are:

  • I am too young to die/ it won’t happen to me
  • I can’t afford it.
  • The state will look after my family.

As you can see from the chart at the bottom of this article which is taken from the National Mortality Statistics the average Father has a 1 in 1215 chance of dying between the ages of 25-34. Worse still a Father who is aged between 35 and 44 has 1 in 663 chance of dying! Mothers fare slightly better but when you consider the chances of winning the UK lottery are approximately 1 in 14 million then it really brings the fact home that it can and does happen to families everyday!

The average cost of family protection for non-smokers with life cover, Trusts and a Will comes to less than the SKY package sat in most Parent’s living rooms! Less than one Costa coffee a day! Less than one pint a day! It is all about prioritise is the local landlord, your friendly cafe owner or televised sport more important than your family!

Family Insurance

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Dying between the ages of 35 to 44 also affects the family as these are usually the most productive years in terms of earnings and therefore has an even bigger detrimental impact.

The State is reducing the payments made for all types of benefits. The likely hood is that should you rely on the state when you die your family will have to move house, possibly area with upheaval to children education etc.  In the worst cases could mean children going into care.

If you would like to check how robust your families protection is then Bristol & West financial services will happily give a free initial consultation either at our offices or in the comfort of your own home. Please enter your details in the contact us form on our website putting the word protection in the comments box.

Everyone is going to die!

We just don’t know when it is going to happen.

We at Bristol & West Financial Services are not gamblers but if anyone wants to wager that they are immortal!

Then please talk to us as we are prepared to give very good odds that you are not!