Legal & General

Legal & General

August 30, 2011 04:51 ET

It's Back to School Time Again-But Are You Planning for the Long Term? Ask Legal & General

Find out how life cover can protect your commitment to your kids

KINGSWOOD, UNITED KINGDOM--(Marketwire - Aug. 30, 2011) - As term starts, Legal & General are today reminding people of the importance of taking out a comprehensive life insurance policy to protect your commitment to your kids.

The cost of raising a child can really hit home – with new uniforms, textbooks, stationery, shoes and travel costs to pay, it seems to cost more every year. In fact, research from Legal & General shows that the expense is on the increase:

  • The cost of raising a child rose to over £133,000 in 2011, compared with £123,552 in 2009.
  • On average, each year of raising a child costs £7,436.*

From birth through to school and beyond, the cost of having kids is a constant factor that forms a big part of your family's budget. Many families rely on having two incomes to meet the ever-growing costs.

However, have you considered how your family would manage if you or your partner were no longer around, or if you became ill and were unable to earn an income? Life insurance can help you meet your commitments, whatever happens.

Getting life cover is a vital step in planning your family finances, but it doesn't have to cost the earth. Legal & General life insurance quotes start from only £6 per month. Plus, you'll receive £40 M&S vouchers to treat yourself or your loved ones when you apply! (Terms and conditions apply).

To find out how cheap life cover could be for you and your family, get a quote now. To help you choose the right cover for you, take a look at our simple guides to choosing the right life insurance for you; http://www.legalandgeneral.com/life-cover/confused-about-life-cover.

*Source: Legal & General Value of a Mum report 2011

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