Life Insurance for New Parents
- £200k cover for less than £6 a month*
- Your premiums will never increase
- Awarded ‘Best Life Insurance Provider’ by YourMoney.com 2023
The start of a new chapter
Starting a family and introducing a newborn to the world is an exciting time full of new experiences, sleepless nights, and a newfound sense of purpose. Amidst the chaos and changes, it is important to also consider the long-term financial stability of your new family. Consider life insurance as a guardian of your loved ones’ future, a way to ensure their protection and give you peace of mind during this remarkable journey.
What it means to have a financial safety net
Life insurance is there to provide financial support for your family even if you were no longer around. If you were to pass away, your family would receive a lump sum payout that can go towards funeral costs, outstanding debts, mortgage repayments and payments towards the future, such as education expenses for your children or a fund to get them started in life.
Knowing that you can provide financial protection for your children, whatever should happen, can provide a great deal of mental and emotional reassurance when considering the future. This is why it is important to consider what amount of cover you need to protect them with.
In addition to a life insurance policy, at Beagle Street we offer a free simple Will writing service to all our policy holders. A simple Will is a Will that leaves an estate to a maximum of six beneficiaries without the use of trusts or tax planning. Without a Will in place, it’s not always clear who you wanted to leave your estate to so it’s important to have one.
Ensuring that your affairs are in order and your loved ones/dependents are all kept in the loop can result in a smoother process of making a claim, as well as providing self-assurance that all is in order.
What types of policy you should consider
At Beagle Street we offer both single and joint life insurance policies. A single life insurance policy only covers the policy holder and will therefore only pay out if they die, whereas joint life insurance covers a second person under the same policy.
With a single life insurance policy, if one of the policyholders were to pass away, then the remaining partner would still have cover under their own policy. With a joint policy, once this has paid out then the remaining partner would have to take out a new policy to cover them.
Joint life insurance covers two people under one policy which means that you would only pay one monthly premium and only fill out one application. Joint policies are typically cheaper than two separate policies and they are suitable for several circumstances such as a mortgage, shared debt, or responsibility, such as becoming a new parent.
Critical illness cover for both you and your child
In addition to protecting your new family in the event of your passing, it is important to consider the addition of critical illness cover to your policy to support you if you should become unwell with a range of serious conditions such as cancer, heart attack, stroke, or any of the conditions listed in our Policy Terms and Conditions.
The bills don’t stop if you were ever to fall critically ill and it is not always possible to continue working whilst recovering from a critical illness such as cancer. The lump sum paid out on critical illness cover could help remove some of the financial stress and give you and your family financial peace of mind whilst you focus on your recovery.
At Beagle Street, with every critical illness policy we also offer the addition of child critical illness cover. This protects each of your children, or any future children, for a claim worth a 25% of your policy or up to £25,000. This sum could cover key medical expenses, equipment, educational support, or allow you to take time off work to spend with your child. This product serves to cover all bases of support when it comes to planning for the future of your child.
Planning and budgeting
Becoming a new parent means a lot of new responsibilities and, more often than not, a lot of new expenses. If you are worried about the cost of your monthly life insurance premiums, Beagle Street can help. We offer a fixed monthly premium, meaning that your monthly payments will never go up for the duration of your policy (unless you request to change your policy), so you don’t have to stress about any unexpected expenses.
Parenthood is an adventure all on its own and it is filled with learning curves and new experiences. With Beagle Street, you don’t have to take on this journey alone. With the support of the right level of cover, you can enjoy your new family safe in the knowledge that they are protected, no matter what should happen. To take the first steps towards securing your loved ones’ futures, complete our easy to use quick quote or call our friendly help centre staff 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