Becoming a dad is a very daunting prospect, even more so when you are faced with the thought of the unthinkable happening. Undoubtedly, your child’s future and security are of paramount importance to you, therefore, planning for these events can prove beneficial in the long run.
For many, taking out a life insurance policy is essential to their peace of mind as they grow older. By having life insurance as a dad, you are securing your family’s future by ensuring they receive a cash pay out in the event of your death- whether it be an unintentional or natural death. In short, your named beneficiaries will be protected once you pass away.
The Importance of having Life Insurance As A Dad
Becoming a life insurance policy holder as a father is vital if you plan on providing your beneficiaries with a financially secure future after you have passed on. There are multiple reasons you should consider taking out a policy today :
Peace Of Mind For Your Family Members
Life insurance as a dad can guarantee peace of mind. Without a doubt, life is incredibly uncertain; nobody knows what’s around the corner. Having life insurance as a dad can offer your family more financial stability when you are no longer here, therefore offering them a safety net to assist them through the years to come.
Financial Security & Protection
Death can often be a very taboo subject, but to be frank, it happens to us all. So, it’s good to ensure we are prepared for the inevitable as best as we can be.
Holding a valid life insurance policy means that your beneficiaries, whether it be your partner or children, will remain financially protected by an insurance pay out. By providing your family with these funds, you are taking some of the cost-based pressure off factors such as planning and paying for your funeral.
The Future of Your Children
Children are costly. From the moment they are born, to the moment they may choose to head off to university, most of the time, it is a parents privilege to contribute towards each milestone in their child’s life. In the event of an untimely death, you can be sure that your child heads into their later years of life with funds to contribute towards their home, a family of their own, or towards their further education.
Having A Dependant Spouse
In the event of having a partner who is financially dependent on you, ensuring both them and your children are covered when you pass becomes more important than ever. Purchasing a life insurance plan will ensure that your spouse can continue to live in financial security upon your unfortunate absence.
What are the Benefits of Life Insurance For Dads
There are a series of key benefits when it comes to life insurance for dads.
Firstly, if you were to pass before your mortgage had been paid, who would be responsible for it? Sadly, that remaining debt would fall onto a loved one. To avoid this happening, you may be able to seek a policy that specifically covers your mortgage and home repayments such as decreasing term life insurance. In some instances, mortgage lenders may ensure that you have a policy before your mortgage can be approved.
Sometimes one of the most common reasons for dads to take out life insurance policies refers to the benefit of funeral costs being covered. Its undeniable that funerals are expensive so, a lump sum paid out to your family can assist with these costs significantly.
In addition, a lot of fathers across the world may seek a life insurance policy in favour of aiding them in saving towards their financial goals, meaning that further peace of mind is provided in knowing that savings are being kept safely for the future and well-being of their families.
Types of Life Insurance For Dads
When you are considering life insurance as a dad, it is essential that you understand your needs in order to select the correct policy. The policies we offer at Daddy Insurance are as follows:
Critical Illness Cover For Dads
A serious or life-threatening illness such as cancer or stroke can creep up on any of us at any time, so it’s important to understand how we can remain covered from these events.
Critical Illness cover for dads pays a lump sum to assist with medical costs and the burden of a serious illness should you receive a diagnosis. You can add this to an existing Daddy Insurance policy or obtain it as a standalone cover.
When taking out life insurance as a dad, it is always recommended to add critical illness cover as it usually isn’t too expensive & is very much worth it.
For example, Vitality offers a brand new product called Serious Illness Cover which is the best rated on the market. It can cover up to 120 illnesses with many that are specifically unique to Vitality that you won’t get with other insurance providers. Daddy Insurance works a lot with Vitality so if you are interested, hit that button below!
Critical Illness Cover For Children
It may seem devastating to comprehend your child being diagnosed with a critical illness, but should this tragically happen, having Critical Illness cover would be extremely beneficial.
Being fairly new to the insurance market, Critical Illness Cover for children offers protection for children up to the age of 23, depending on the provider. In the event that your child falls seriously ill, your provider will pay out a lump sum to cover the cost of healthcare and treatment that may be required to help both you and your child through a very stressful situation.
If you have life insurance as a dad, you can add on critical illness cover for your children onto your policy for very little. It really is recommended if you are taking out life insurance as a dad.
Why Choose Daddy Insurance for Life Insurance As A Dad
Here at Daddy Insurance, we are dedicated to protecting dads all across the UK. For each new policy purchased with Daddy Insurance, you could receive a gift card worth up to £100. In addition, we have the community at heart, so we will donate £2 from every quote to Children In Need!
There has never been a better time to take out life insurance as a dad with Daddy Insurance. Our tailored, bespoke service will see you through and ensure you and your family are protected in a way that suits your needs.
For further information on how you can get life insurance for dads from Daddy Insurance, get in touch today for a free quote & a member of our friendly team will get in touch! Life insurance for dads made easy with Daddy Insurance.