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!
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!