Life insurance for single dads
- £200k cover for less than £6 a month*
- Your premiums will never increase
- Awarded ‘Best Life Insurance Provider’ by YourMoney.com 2023
Life is full of the unexpected and, as a single dad, you carry a lot of responsibility on behalf of your family to navigate through the good times and the bad.
One vital step you can take towards protecting your children is by investing in a life insurance policy that works for you. In this guide, we will discuss the different cover options available to you as well as the practical considerations you will need to make so that you can benefit from the peace of mind that financial security provides.
Tailoring your policy
Although we believe that everyone can benefit from life insurance, this doesn’t mean that it is a one-size-fits-all product. Every customer will have unique circumstances and needs to account for, and it is important that your policy reflects that.
You will need to consider factors such as the age of your children and how long you want to support them for, the future goals you envisage for them, and whether you have any outstanding debts/bills you want to cover. Personalising your policy can help you to get the best fit for your family and ensure all factors are accounted for when deciding on the amount of cover you need.
Level term life insurance vs. decreasing term life insurance
Choosing between level term and decreasing term cover is a key decision to make. At Beagle Street, we offer both options and allow you to decide which is better suited to you and your family.
Level term cover means that you will be covered for the same sum throughout your policy and that you know exactly how much your beneficiaries would receive should you pass away. If you have a sum in mind that you want to leave to your children to help them with education expenses, starting out in life, or for anything else, this is a simple way of keeping track of what they would receive.
Decreasing term cover means that the sum you are covered for decreases over time as your policy goes on. This type of cover is well suited to cover decreasing debts such as a mortgage. Decreasing term premiums are more affordable than level term but still allow you to protect what is important. It can also mean that, as a parent, you have more cover for the time that your children are under 18 and depend on you, but this sum decreases as they grow older and become financially independent.
Budgeting wisely
We understand that affordability can be a concern, but life insurance doesn’t have to break the bank. Consider your financial situation and the other expenses you are covering. Once you know how much money you have available to invest in a life insurance policy on a monthly basis, it will be easier for you to decide on cover. Our quick quote will allow you to see the impact of changing between level term and decreasing term cover and changing the sum you are assured for has on your premiums.
If you are concerned about the impact that monthly payments will have on you financially, Beagle Street are here to help. We guarantee fixed monthly premiums for the duration of your policy so that you can rest easy knowing there will be no surprise expenses in the future.
Peace of Mind
Navigating the world of life insurance can be challenging, but you don’t have to face it alone. At Beagle Street we have a team of friendly advisers who will guide you through every step of the application, giving you the peace of mind that all is correct and accounted for.
The gift of life insurance means that your children will have financial protection, whatever might happen. This could mean that their standard of living continues with minimal disruption, a contribution towards further education, or even a leg up for them starting out in life. Whatever your goal, Beagle Street can help you to secure their future and provide them with the financial support they deserve.
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