Insurance Center Publish

There are many type of insurance available that can protect your family if you become ill or if the unthinkable happens and you die prematurely. Taking out income protection insurance and other types of cover such as accident sickness and unemployment security and family income benefit is something that even stay-at-home dads and mums should consider.

But what price do you put on yourself if you cannot work? New figures from Legal and General have shown how much parents contribute in the home and placed the value of a dad in 2009 at 23,296 a year. According to the organisation, the amount of time fathers spend dealing with household chores can sometimes be overlooked but their contributions are worth a lot of money.

It would cost 448 pounds a week to replace the work the average dad engages in at home in household chores and childcare, underscoring the need for people to consider having a plan in place should anything untoward such as illness or an accident happen. When it comes to mums, the organisation has stated that their value is worth 32,812 pounds, with 33 hours spent on average with their children and only five hours on themselves every week.

However, the research found that more than half of parents questioned did not have some sort of financial protection in place, which means that their children would be left financially unstable if they were to pass away.

How do I find out more about insuring this?
As there are many types of insurance available in the market and money does not grow on trees it is important to prioritize your protection needs and set a budget for your protection needs. There are many online life insurance and protection insurance comparison websites that have detailed information on all types of protection insurance to help you work out for yourself what is important for you.

If this just confuses you more, you can always speak to an independent financial advisor you will look at your personal situation and make recommendations as too the best protection plans for your needs and your budget. It is important to remember that you are not committed to take a policy with them, and if you feel that their recommendations are right but the premiums are high you are free to shop around and get your own quotes.

Many of these comparison sites will make claims that they offer the cheapest premiums for protection insurance and offer online quotes. Most though do not and in fact our only quoting full commission premiums and not discount premiums which are cheaper for you. It is important to check the quote you receive against several other comparisons sites which these days will take no time at all and could save your hundreds of pounds over the term of your policy.Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK’s most trusted information site about personal finance. You can use their free mortgage calculator and get instant online life insurance quote and income protection quotes.