Monday April 16th, 2007
One in 20 children in the UK lose a parent before they reach adulthood (those are the best stats I’ve got, but if any actuaries know better pls let me know). Tragically, my sister and I were part of that unfortunate five percent, suddenly losing our mother just before I was 12. The grief, pain and sorrow are indescribable, and while thankfully as my father was the main breadwinner it meant there wasn’t a financial crisis, now I realise that this is plausible and possible- and would’ve added an almost insurmountable hurdle at a terrible time.
My reason for writing this note, is because this week I’m publishing my new Cheapest Life Assurance article; something thats always a little painful to write, but one I feel a passionate need to publish. Whenever a friend has their first child, I often comment on the importance of some form of life assurance, which provides a payout when someone dies. It’s an unpleasant subject to broach and many don’t deal with it simply due to that. Yet if you can afford it, it’s very much worth considering. Preparing for the worst is a must; you can give your children everything in the world while you’re there, but its also important to consider their future in the horrid event that you’re not.
