Leeds Building Society Life Insurance

Life insurance for a relatively small monthly premium can provide a lump sum providing financial protection for your family and ensure that they are provided for in the case of death or terminal illness.

Leeds Building Society Life & Critical Illness Insurance is provided by Legal & General. In the event of death or a critical illness, this type of insurance can be invaluable in providing financial protection to your family when they need it most.

In a survey carried out by Legal & General in 2015 a value was placed on what a parent adds in financial terms to a family.

Whilst value cannot be placed on being a parent, there is a financial amount that can be attributed to the domestic work a parent carries out on behalf of a child. £29,535 was the figure attributed to the domestic work Mum carries out and £21,601 to Dad’s contribution.

The research shows the real cost of raising a family. The financial reality of raising a child is that a figure of £184,000 is what you can expect to pay until age 18. For many supporting a child beyond this age is common often until age 22.

So ensuring your family is financially covered should be high up on the list when it comes to insurance priorities.