Blog Article

Your coffee – or your life?

Your coffee – or your life?

Date: 17 August 2020 | By: admin

The average UK family spends nearly as much on our favourite breaktime beverages as they would on protecting their family should the worst happen.

According to the ONS Family Spending survey 2018-1910, households spend an average of £6.50 per month on coffee and tea. In comparison, life insurance to protect your loved ones could cost as little as £5 per month (premiums do vary based on your circumstances and the level of cover required).

More affordable than you’d think

With enough disposable income to spend £5.40 a week on takeaways and £8 on drinks out, it’s clear that the average household could afford to take out life cover. Nobody likes to think about the worst happening to them, and it’s all too easy to push these kinds of things to the back of our minds as life gets busy. However, if the Coronavirus crisis has taught us anything, it’s that the unexpected can happen at any time.

So, putting your mind at rest for as little as £5 per month may be the best move you could possibly make.

Finding the right cover for you

Of course, life insurance premiums vary according to a wide variety of factors, including your age, health and dietary habits.

That’s why we’re here – to help you find t affordable cover, so you know your family will be looked after when you’re no longer here. Successful planning involves a regular review of your circumstances and adapting to changes over the long-term.

ONS, 2020

Essentially Mortgages Q4 2020