Life insurance cover 'offers numerous benefits'

Life insurance cover 'offers numerous benefits'

Thursday, 12 May 2011 04:09

Life insurance can provide families with a number of benefits throughout the duration of the policy.

That is according to's head of life insurance Matthew Lloyd, who stated "invaluable" services such as counselling and specialist medical advice can be sought, which may encourage some individuals to extend the length of their policy.

His comments follow research conducted by the comparison website, which indicated that 48 per cent of mothers are without life insurance at present, despite 60 per cent admitting they were keen to help their offspring to go to university.

In addition to this, 50 per cent wanted to assist with a deposit for a first home.

"It's important that parents wanting to help their children achieve these goals consider providing protection through life insurance for their children until an older age," Mr Lloyd said.

He added that attitudes, that previously saw many parents ending their cover once their child turned 18 or 21, are changing due to rising higher education costs.

Use the's comparison tools to find a better deal on life insurance  

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