Mothers Want Financial Security

Mothers Want Financial Security.

Aegon has released research in its "What Really Matters" report that 70% of mothers think financial protection and security is one of the top priorities for them with regard to finances.

Without being sexist, it tends to be mums that stay at home to look after children or take career breaks or indeed have full child custody on divorce and clearly, money and security is paramount not just for them but for their children.

Aegon's survey was mothers over the age of 18 are not resolving the issues of financial protection.

We agree with the results and it comes as no surprise, many people do not consider adequate insurance protection for them and their partner.

Considerations

Does the main 'bread winner' have enough life insurance to replace lost income on death?

Does the main 'bread winner' have enough critical illness insurance or income protection insurance in the event of serious illness or long term illness and unable to work?

Does the partner who may be has care responsibilities to look after children have enough life insurance or serious illness insurance?  Could you afford to stop working if you had to take care of the children beacuse the main carer was either not around anymore or could not perform duties?  How much would this cost?

We have prepared three items that may help you:

Calculator:  Value of a Spouse/Partner

Calculator: How much cover do I need?

Cartoon Video:  Insuring Your Treasure Chest

We all need financial security and if you spend more money on insuring your home or your car than you do your loved ones then we suggest you need to revisit those priorities as without your partner, without the income, then home and car may be lost anyway.