Why Choose mummy insurance
Mummy Insurance will help you find the most suitable life insurance policy based on your individual circumstances tailored to your budget. We offer life insurance for mums all over the UK & Northern Ireland. We make it easy to compare life insurance for mums – single mums, young mums, old mums, and new mums – we guarantee we will get you the most suitable life insurance policy based on your needs.
There is no denying that being a mother is difficult. It can be challenging to think ahead when it comes to life insurance for mums, particularly at a time when you are no longer able to provide for your children. Even if few of us want to think about this kind of future, it seems sensible to invest in life insurance as a mum to make plans for unforeseen events. Don’t leave your children with no financial support.
We provide free life insurance quotes for mums & if you are wondering how to get life insurance, don’t worry, Mummy Insurance will arrange life insurance policies for you, free of charge, and provide you with advice.
Why Might I Need Life Insurance for My Mum?
It is very important to consider how to minimise the impact on elements of your family’s lives when you’re no longer around. This might be a situation when a mother is the family breadwinner, for example. Without ongoing financial support, the family may have to adjust to any number of more practical compromises. Whether you are a single mum, young mum, new mum, stay-at-home mum, or old mum, Mummy Insurances will arrange life insurance policies that will help support your family financially, in the worst of times.
Life Insurance for stay-at-home mums is also a big concern for families. If the partner of the child’s mother suddenly became solely responsible for the child, he/she would have to either provide childcare – which can cost a significant amount of money – or rearrange his/her professional situation to take care of the child. This is where life insurance for mums provided by Mummy Insurance will have a massive impact positively, providing financial support if the worst is to happen.
The death of a mother cannot possibly be made up for by a mother’s life insurance policy. What it can do is act as a financial safety net, letting children and partners grieve at their own speed while also knowing that some of their financial worries would be at least partially taken care of. Life insurance pays out a lump sum for a monthly premium on death or illness of the life assured.
In this regard, there is a benefit for mums as well: the assurance that you have done everything possible to prepare for a scenario in which you are no longer present. Having life insurance for a mother may allow you to avoid having to think about a circumstance that no one wants as you know that your family will be taken care of and have financial support.
What sort of life insurance is there for mums?
The first concern for a mum who wants to take out a life insurance policy is whether you are paying a mortgage, as this will have a significant impact on what type of future situation you are aiming for regarding helping her children.
If you are paying a mortgage as a mum, then decreasing term life cover could be the most helpful. A decreasing term life insurance policy for mums often has the lowest premiums of the three most common term-life insurance policies, for the same amount of coverage, and age and is designed specifically to cover gradual-repayment debts. The rate at which the pay-out amount on decreasing term insurance goes down is designed to be broadly the same as how the outstanding balance of capital and interest repayment mortgage decreases.
Therefore, should you as a mum die during the term of your life insurance policy you took out through Mummy Insurance, your mortgage obligations should not fall to your partner or children. Most providers have a cap on mortgage interest rates, meaning that mortgages with interest rates over that cap may not be fully covered by a payout.
Level Term life insurance policies for mums are where the insurer pays out a fixed lump sum if the policyholder dies within the term agreed. This type of cover offers security for mums from all walks of life, whether you are a single mum, new mum, stay-at-home mum, or old mum. You can have peace of mind that your beneficiaries can receive a specific sum, which can help you all plan for a time when you are no longer around.
Increasing Term life insurance policies cover the amount insured increases each year by a fixed amount for the length of the policy. Many mums who opt for an increasing term life insurance policy when using Mummy Insurance to get life insurance as it is designed to protect your policy’s value against inflation (the rising cost of living).
A whole of life insurance policy for mums arranged through Mummy Insurance covers you for life and will guarantee your family a payout after your passing. Therefore, a whole of life insurance policy for mums arranged through Mummy Insurance is a form of life assurance.
A payout from a whole of life insurance policy can be used to secure your children an inheritance or to meet significant family obligations (like mortgage payments or burial fees). You as a mother should be aware that if you purchase a whole of life insurance policy through Mummy Insurance when you are a young mother, you may wind up paying more into the life insurance policy than it will ultimately pay out because you will be obliged to make premium payments for the rest of your life.
A joint life insurance policy arranged through Mummy Insurance, which insures two lives, requires that you and the other insured life have a mutual financial stake in the policy’s outcome. For instance, two friends who have a shared mortgage, children, or mortgages on separate homes. If one of you dies while covered by a joint life insurance policy that you arranged through Mummy Insurance, the entire amount of coverage is paid out at once, and the policy expires.
Therefore, if one of the policyholders passes away, the surviving person will not have insurance. Joint life insurance protection could be the best choice if you just need one payout because it is typically less expensive than purchasing two individual life insurance policies.
Critical Illness Cover & Children's Critical Illness Cover
Critical Illness Cover for mums and children’s critical illness cover pays if you or an insured child falls seriously ill, usually with a single lump sum payment. It is important to make sure that you know what critical illnesses are covered by the policy you take out with Mummy Insurance, and what length of time your policy covers.
It is a useful way to help towards your expenses if you as a mum or your insured child are too ill, or you would struggle to meet bills like medical expenses or modifications to your home if required. The benefit must be added at the time you take out your Mums Critical Illness Policy or your children’s critical illness cover and will require increased premiums.
How Mummy Insurance Helps You Get Cheap & Free Quotes for Life Insurance Policies
You can get and buy all types of life insurance policies and quotes directly from Mummy Insurance.
If you need advice, or help, or are interested in any other types of life insurance coverage, then get in touch with us and we will help you with everything you need regarding all types of coverage.
Get life insurance for mums today!
