Unfortunately, the statistics tell a story that most parents aren’t aware of when they start a family. Did you know that over 100 children lose a parent every day in the UK? Add to that the cost of raising a child to the age of 21 - over £230,000 - and the need to take out life insurance becomes clear.

Unlike mothers, fathers aren’t as proactive at life administration, which means there is a chance your family could be saddled with the expenses. Whether you make your partner or kids the beneficiary of the will, the arrears should be cleared, meaning you don’t have to stress about the future.

Plus, extending your family doesn’t require additional underwriting. Insurers offer a ‘special event option’ which covers new family members.

Fathers who purchase life insurance policies early are the ones who cover every base. To begin with, there is no telling what could happen. As a result, the coverage is a safety net that will kick in regardless of the circumstance or your age.

Secondly, premiums are cheaper when you’re younger. The way life insurance for dads plans work is that it becomes less affordable the older you are as it’s likely the insurer will have to payout. By taking out a policy now, when you’re a young dad, you could pay as little as a couple of pounds per week.

And, you can do it before your bundle of joy arrives as dads-to-be are eligible for life insurance.

Here at Discount Life Cover, we’ll find you the most suitable coverage in less than two minutes. Fill in the quote form or speak to a team member to safeguard your children’s future.