Being a parent is all about looking out for your little ones. The Insurance Surgery’s life insurance for dads ensures that you can protect the future of your family.
As a father, protecting your family’s financial security is paramount. Life insurance for fathers allows you to leave behind a lump sum for your family after your untimely passing, making your family’s life that little bit easier following your death. There is a whole range of reasons as to why fathers across the nation take out life insurance. Some reasons include:
Here at The Insurance Surgery, we are passionate about offering peace of mind to all types of fathers. So it doesn’t matter whether you’re a single dad of three or a married father of a newborn, we can help you find the insurance policy that best suits your circumstances.
Following a conversation with one of our experts, they will consider your requirements and budget before seeking out the perfect policy for you. There is quite a selection of insurance options to choose from, including:
Step 1:
Speak to an expert: Discuss your needs with an expert who can then advise on the best policy for you and your family.
Step 2:
Work out your ideal cover amount: Determine the amount of cover you need, considering your family’s financial needs, debts, and future expenses.
Step 3:
Choose a Policy: Select a life insurance policy that fits your needs, such as income protection or whole life insurance.
Step 4:
Beneficiaries: Designate who will receive the life insurance payout, typically your spouse and children, who will receive the payout upon your death.
Step 5:
Pay Premiums: Pay the monthly premium to keep the policy active.
Step 6:
Payout: Upon your passing, or 12 months or few to live. The insurer pays out the agreed amount, helping cover costs like mortgage payments, education, and daily living expenses.
If you have a medical condition, you must speak to an expert to ensure that your policy covers the medical condition, as many policies will exclude pre-existing medical conditions. This means your family will not receive a payout if you pass due to the conditions or anything that’s affected due to the condition.
Another invaluable life insurance product is critical illness cover. This type of insurance provides a lump-sum payout if you are diagnosed with a serious illness, as defined in the policy wording. Every critical illness policy must include specific conditions outlined in the policy.
• Cancer – excluding less advanced cases
• Heart attack – of specified severity
• Stroke – resulting in permanent symptoms
The payout helps family members to pay off any debts, such as a mortgage.
In today’s climate, it’s hard to run a household on only one income – life insurance helps to fund daily life for the remaining spouse.
Life insurance acts like a savings account you can’t dip into – ensuring that your family or beneficiaries receive an amount that would be hard to save alone.
Life insurance can pay for things like:
It’s easy to make a claim with The Insurance Surgery. Simply follow these three steps:
The easiest way to make a claim is to go through the insurance broker or provider you took the cover with. This not only takes the weight off your shoulders at this stressful time but also helps speed up the claim process.
Depending on the type of policy you have, ways to make a claim can vary. You will initiate the claim process either via telephone, email, or post for Life Insurance, Critical Illness Cover and Income Protection.
Once the claim has been received your insurance provider will then request the necessary evidence in order to assess the claim. This can include but is not limited to death certificates, GP reports and specialist letters.
The cost of life insurance can vary massively from person to person, as there are many unique factors that can affect the quotes you’re offered. These can include:
Iman, a 36-year-old dad of three and freelance photographer, is looking for £415,000 in life insurance.
We found Iman the following policy:
Alistair, a 63-year-old dad of one, already had cover of £150,000 and was paying £90 a month.
He only had £50,000 left on his mortgage, with just under 4 years remaining, so he was looking to review and save money.
We were able to cut 75% off Alistair’s monthly premiums, by updating his current policy:
For more information on life insurance for dads click on ‘Get a Quote’. We have also provided a range of support sources for more information on losing a parent.
