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The Cost of Raising a Child

Posted by Tony on Thursday 9th of May 2019

COST OF RAISING A CHILD

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We all know raising a child can be expensive. Research has shown, the cost of raising a child to age 18 in the UK varies dependant on whether it’s a girl or boy, with boys coming in at £79,176 and girls a staggering £108,884. 

As a parent you are committed to doing all you can for your children – now and for their future but it’s estimated half of parents don’t have a financial protection plan in place­.

Nobody wants to think about the possibility of getting ill or being made redundant but having a contingency pl...


If you became critically ill and unable to work, could you cope financially?

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Some things are more reliable than others - monthly bills, for example. Young or old, single or married, we all have financial obligations to meet each month; be it luxuries, like a satellite TV subscription or mobile phone contract, or the real essentials – like keeping a roof over your/your family’s head.

But some things - like our long-term health - can be less reliable. For instance, one in two people born after 1960 in the UK will be diagnosed with some fo...


Act now to ensure you remain protected

Making sure you and your family are financially protected should something unexpected happen is one of the most valuable things you can do and will help you avoid a financial crisis.

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So what type of cover is right for you?

  • Term Insurance pays out a lump sum if you die within the agreed ‘term’ (the amount of time you have chosen to be covered for). Suitable for mortgage protection or while children are financially dependent on you.
  • Critical Illness Insurance pays out a tax-free lump sum on th...

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