Lifetime Planning News & Blog

Welcome to our latest news and blogs.

Lifetime Planning offer mortgage and protection advice. Freephone 0800 43 53 49 or email us at


  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.

What’s Your Plan B? Almost 60% of men with kids have no life insurance

Posted by on in Insurance
  • Font size: Larger Smaller
  • Hits: 2806
  • Print

According to a report from Scottish Widows, more than half (58%) of men with dependent children have no life insurance. That means that just over 4.5 million dads could be leaving their families with no financial protection if the worst was to happen to them.

Life insurance is designed to come to the rescue of your loved ones in the event of your death. It pays out a lump sum to those closest to you, relieving the financial worries from your family. It can help cover the cost of your mortgage, bills, general living expenses and funeral bills. Could your household survive without your income, a fifth of dad admitted that theirs wouldn’t.

If they were unable to work due to serious illness, 16% of fathers said they could only pay their household bills for a minimum of three months. 45% admitted they’d have to dip into their savings to manage financially. For the fathers that are the main breadwinners of the family, this can be extremely risky.

Critical illness cover comes to the rescue in the event you are diagnosed with a serious illness such as a cancer or stroke. It can help ease your recovery by paying out the money you need for your care and treatment, recuperation, help pay off your mortgage or make up for lost income.

You may not think of insurance as a necessity, but the value of protection is to provide long-term peace of mind about having financial security in place for your dependents.

Speak to our expert protection team about arranging the most suitable protection policy, freephone 0800 43 53 49 or fill in our online enquiry form.

Please note for these insurance products, terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Source: 4.5 million UK dads have no life insurance - Scottish Widows - Cover, 2018,

Welcome to our latest news and blogs. Lifetime Planning offer a ‘one-stop-shop’ for your mortgage and protection needs. We’ll strive to find you the most suitable mortgage and protection solutions to meet your specific needs. Call us now on 0800 43 53 49 or email us at


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Friday, 15 January 2021