Life insurance for single mums
- £200k cover for less than £6 a month*
- Your premiums will never increase
- Awarded ‘Best Life Insurance Provider’ by YourMoney.com 2023
Why life insurance matters for single mothers
Life insurance is a powerful investment that can provide financial protection for your loved ones in the event of your passing. For single mothers, the importance of this safety net is even greater as you are the financial backbone of your family unit. In this guide, we will investigate the ways that life insurance can support you and the considerations you will need to make.
As a single mother, your family’s well-being is your top priority. Having the right life insurance can help to ensure that their needs are provided for, even when you’re not around. Life insurance could cover anything from daily living expenses to educational costs, ensuring that your children have a stable and secure future.
The reassurance that this safety net can provide will allow you to go through life without the added burden of worrying about the future. Knowing that your children will be well provided for can help ease your mind and remove unnecessary stress. It is an investment in your own peace of mind.
Choosing the right cover
We understand that choosing the right life insurance can seem like an overwhelming task. At Beagle Street, we are always here to help and support our customers throughout their journey. Our helpful call centre team are here to guide you through the application process so you can have complete confidence your application is accurate and that your family will be protected.
Level vs. Decreasing term cover
If you are unsure what type of life insurance would suit you best, we are here to help. Beagle Street offers both level and decreasing term cover. Level term life insurance cover will cover you for the same sum throughout your cover, meaning that you know exactly how much the lump sum payout will be. Decreasing term cover decreases over time as your policy goes on and is well suited to covering decreasing debts such as mortgages.
Decreasing term policies are more affordable than level term and still allow you to cover what is important. However, level term cover is well suited to customers looking to pass on a specific sum to their loved ones.
If you are concerned about the cost of your monthly premiums, Beagle Street can make it simple. We guarantee that your monthly payments will never go up throughout the duration of your policy. This can help customers to budget effectively as they know exactly what they are paying every single month.
Choosing the right amount of cover
When it comes to life insurance, there is no one-size-fits all solution. It is important to consider the personal factors that might influence your cover.
Firstly, consider the financial impact that paying a monthly premium will have on your daily life. You will need to consider your income and living expenses, outstanding debts/bills, and the other savings goals that you may have. This knowledge can help you to identify a sum that you are willing and able to put towards your life insurance.
In terms of the actual sum you would like to get cover for, this is also a very personal decision. Some customers look to cover their children until they are financially independent, while others look to provide a leg-up for the future. Our quick quote will allow you to see the impact that the change in sum will have on your monthly premiums so that you can make sure your future is protected, but your purse isn’t empty.
Peace of mind
By taking the first steps and securing a life insurance quote, you are on your way to providing your children with financial support and stability. The knowledge that your loved ones will be cared for, no matter what happens, can be a huge weight off your shoulders. It will mean minimised disruption and stress in their life if the worst should happen. The act of getting life insurance is an act of care that brings peace of mind not just for you, but for your entire family.
To learn more about the options available to you or to make any enquiries about our life insurance, please call the Beagle Street help centre on 0800 048 0480
Get a quote today or speak to the team
At Beagle Street we’re here to support you through the application process. If you’re ever unsure about any of the questions in the application, we have a team of experts on hand to help.
or call us
0800 048 0480
Included with every Beagle Street policy
Estate planning kit
Accidental death benefit
Early funeral payout
Amazon gift card^
Free Beagle soft toy^
*Based on a 30 year old non-smoker, £200k decreasing term cover for 20 years
^Available only when purchasing a policy directly through Beagle Street. Within 60 days of paying the 2nd monthly payment, the soft toy will be dispatched. The gift card value varies depending on monthly premium. Within 30 days of paying the 6th monthly payment, you will receive an email to claim your e-gift. Full Terms and Conditions