Life Insurance for Mums

Life insurance for mums. It's the kind of coverage that provides complete peace of mind if something was to happen to you.

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Life insurance for mums.

It’s the kind of coverage that provides complete peace of mind if something was to happen to you. It’s the protection you want in place for your family when you’re no longer there to protect them.

But more than a third of UK parents don’t get life insurance because they don’t know where to start or how much coverage they need. That’s why we created Now Sure. Our job is to help make the process of getting the coverage your family needs without hassle.

Our goal is simple: To make it easy for parents like you to get the life insurance coverage you need, so you can rest easy knowing your family will be protected and taken care of if something unexpected happens to you.

We offer a range of options from industry-leading insurance providers, so you can be sure that what you choose will be tailored specifically to your needs.

And because we know that every mum is different, we’ll work with you to understand what matters most – and then we find a comprehensive solution that makes sense for those needs.

Reach out to the dependable staff at nowsure to locate the life insurance policy you need.

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Life insurance for mums: Finding the financial protection your family deserves

You’re a mum, and that’s the most important job you’ll ever have.

What if the worst was to happen to you? Whilst no insurance policy could ever replace a parent, your partner and children could be financially supported.

We know that these are questions that keep mums up at night, so we’ve partnered with industry-leading insurers to make sure we can help you find a tailored solution that fits exactly what matters most to you.

You might be worried about the cost of your life insurance policy and whether you’ll be able to afford it. You might also be concerned about how much time it takes to apply for cover and whether there are any hidden costs involved.

Maybe you’re worried about the policy being too complicated and ending up with something that doesn’t meet your needs or fit in with your budget.

Whatever your concerns are, we’ve got you covered. We’ve worked with hundreds of parents just like you, so we understand the complexities that surround your situation when it comes to bespoke solutions from industry-leading insurers.

At nowsure we appreciate how important it is for mums to know they’re actively taking care of their children as best they can. And that’s why we identify life insurance policies that let you carry on doing this, even after you’re gone.

Life insurance for mums: Finding the financial protection your family deserves Image

How does nowsure make getting the right coverage easy?

We understand how difficult it can be to think about death and disability, but we also know that life is unpredictable and that sometimes bad things happen. So, we offer life insurance policies that are flexible, affordable and easy to understand.

Your satisfaction is paramount to us, and so we strive to provide you with a dedicated agent that can guide you through the entire experience.
We designed our policies with you in mind, to give you the necessary security without confusing life insurance jargon.
You can feel confident that you can view your policy information anytime, day or night, on our website.
We have teamed up with established insurers to bring you comprehensive coverage at a reasonable cost.
Applying for cover is simple and straightforward, with quick approval for many applicants.

Our customers are at the heart of everything we do. We strive to make the process of getting a policy as seamless and stress-free as possible. Our knowledgeable agents are always around to assist with any queries you may have before making an informed decision

Why is having parent life cover so important?

As a mum, you are the foundation of your family. You take care of everyone and everything else revolves around you. So, if anything were to happen to you, it would be devastating for your family.

In the UK, a child loses their parent every 22 minutes on average, totaling around 23,600 annually.

In today’s uncertain times, it can be hard to know what the future holds. We might never be sure what’s around the corner, but we can at least be confident that our family’s financial future is settled with either a lump sum or regular payments when we pass away.

That’s where life insurance comes in. Life insurance can help pay off any outstanding debts you have, as well as provide your loved ones with a financial safety net if something unexpected happens to you. It’s an important part of any healthy financial plan and one that should be included in your budgeting for the future.

Insurance for mothers can cover various expenses

Are you a mum? If you are, you know that being a mother is one of the most rewarding experiences in life. But it also comes with some unexpected costs.

It’s important to have protection for these types of expenses – and what better way to get it than through insurance? You have full control of the policies with regard to the amount given by choosing a suitable level of coverage.

You have the flexibility to use the money for different purposes. Besides replacing loss of income, you may want to leave an inheritance for your children, or funds for certain expenses like rent or mortgage payments so they can remain in the family home.
If a spouse were to pass away, life insurance can help cover childcare fees or educational expenses while the remaining partner adjusts their hours. It is also beneficial in providing the surviving family member with financial stability and maintaining the lifestyle they had before losing a loved one.
Life insurance can cover funeral costs, which means your children won’t have to worry about how they’ll pay for your funeral.

Insurance for mothers can cover various expenses Image

Through your policy, you can rest assured of financial coverage for critical or terminal illness

Nobody wants to think about it, but it’s something that we all should consider is: how will we make sure our families are taken care of if we fall ill?

A critical illness cover is a policy that provides financial coverage for a variety of conditions, including heart attacks, strokes, cancer and kidney failure. It can also provide benefits in the event of death due to a critical illness.

If your family relies heavily on your source of income, critical illness cover ensures there are funds available if you are unable to work (or need to remain off work for a prolonged period of time). Statutory sick pay is usually payable to employees after six months out of work, but this isn’t always enough to cover your usual monthly income.
This type of policy is designed to provide your family with money when you’re unable to work due to an illness or injury. It can cover treatments like chemotherapy and radiation therapy, as well as more routine costs like medication and doctor visits.
Terminal illness cover is a valuable add-on to your life insurance policy. If you are diagnosed with a terminal illness, it usually pays out upon diagnosis. This means that you can make financial arrangements for your remaining life and beyond.

What type of life insurance would be most suitable for a mother?

When choosing a policy, you should consider your family’s financial obligations and also think about how much money you would like to leave them when you die. The right amount of coverage will allow you to meet your financial responsibilities while also providing something for your loved ones after your passing.

Here’s a breakdown of some of the types of life insurance available in the UK:

Level term life insurance	This provides cover for a set period of time (up to 40 years) and gives your loved ones a fixed lump sum if you die of up to £1,000,000. This is a good option for those with childcare responsibilities or a desire to pay for further education as their children grow up. The cost of a level term policy tends to be higher than that of decreasing term insurance, but it’s cheaper than whole-life insurance, on average.
Decreasing term life insurance	In this instance the potential pay-out decreases over time, which makes it cheaper than level term cover. It could be set to reduce in line with your children becoming more financially independent, or as your remaining mortgage balance gets smaller.
Whole of life insurance	As the name suggests, this provides a lifetime of cover, so your family is guaranteed a pay-out (up to £1,000,000) in a fixed lump sum. They’ll have an inheritance, or they could use it to cover big outgoings like mortgages and rent if you die while these are still a concern. A word of warning though: if you’re a young mum then this cover might mean paying more in premiums over the course of your life than your loved ones ultimately get as a pay-out.
Joint life cover	For couples, parents might choose to take out a joint life insurance policy to reduce outgoings and keep costs down to one single monthly premium. This policy only pays out once – if one party dies, this policy will become invalid once a claim is processed.
Family income benefit	Unlike traditional life insurance policies, this one doesn’t pay a fixed lump sum. Instead, your family will receive monthly tax-free payments up to £5,000, which will start from the date of your death and carry on until your policy comes to an end (maximum 40 years). It’s good for long-term family budgeting and can mimic a lost income, so your children can carry on as normal in terms of financial security.

How much life cover is enough?

Every mum’s needs will be different when it comes to setting life insurance cover, which is why we offer quotes tailored specifically to your circumstances. Indeed, you may not even need a policy, for example, if your employer already includes it among staff benefits, or if your partner earns enough for your family to live on. It’s worth reading MoneyHelper’s explainer of life insurance and reasons why it may (or may not) be helpful if you’re unsure:

If you do have children that depend on your income, however, or if you’re a stay-at-home parent who looks after them full-time, it’s important to consider how they would cope without your single salary or what the cost of alternative childcare services might be.

Obvious outgoings are mortgage payments or monthly rent cheques. On top of this, ask yourself whether you’ve got enough of a savings buffer to cover funeral costs, and how household bills and day-to-day family living expenses like groceries and clothes will continue to be paid for.

These days it’s impossible to ignore the fact the cost of living is on the rise, and the cost of raising children is inevitably creeping up with it. According to the Child Poverty Action Group, looking after a child to 18 is the highest it has been since calculations started in 2012. Excluding housing, childcare and council tax it now stands at £160,692 for a couple, and £193,801 for a single-mother/guardian.

Getting coverage for children as part of your life insurance policy

We know that as a parent, your top priority is the well-being of your child(ren). You may be wondering whether or not it is possible to take out a policy that covers your children, and we’re happy to explain your options.

First, let’s talk about why you might want to do this. If you have a child who is in need of special care or requires expensive medical treatments, you can’t imagine how much it would cost if you were responsible for paying for it all. Your savings may not be enough to cover the costs of care for an extended period of time. That’s where insurance comes in!

Is it possible to take out a policy for children?

It is not possible to take out a sole policy for a child (anyone under 18) in the UK. However, it may be possible to obtain coverage for your children as part of a new or existing policy. Most of the time, this involves speaking to your provider about specialist products and policy terms (mainly whole-of-life policies with added extras).

For your peace of mind, you may be able to adjust your policy to include:

Cover for loss of income should you need to stay off work to care for an unwell child
Children’s critical illness cover should your child be diagnosed with a serious illness. This type of cover will usually pay out a lump sum to cover financial loss.
Life insurance can help cover funeral costs, counselling fees, and lost wages in the event of a child’s passing.

Understanding premium rates for younger and older mums

If you’re a mum who’s thinking about buying life insurance, you may be wondering how your age will affect the premium rate. In general, younger mums tend to pay higher rates than older mums.

Aside from overall health conditions, age is the key contributor to your monthly premiums when taking out life insurance.

Generally, the insurance cost rises around 8-10% each year based on the policyholder’s age.

This is because younger women tend to have lower health risks and don’t need as much coverage. As a result, their premiums will be lower than those of older women who may have health problems or pre-existing conditions that could lead to higher claims costs.

Choosing the right life insurance policy for you

Choosing the right life insurance policy can seem like a daunting task. There are many different types of life insurance policies and each one has unique advantages and disadvantages.

The main goal of life insurance is to provide your family with financial support in the event that something happens to you. It's important to understand what kind of coverage you need in order to properly assess which type of policy would be best for your situation.

1. Assess your needs

You need to assess your, and your family's needs to determine what type of coverage will suit you best. There are several ways to figure out how much life insurance your family needs, but one thing is certain - the more prepared you are financially, the less likely it is that your family will be left without any sort of financial support after your death.

2. Calculate your affordability

Before you decide on a life insurance policy, it's important to calculate your budget. After all, if your outgoings are already high, a term policy may be more cost-effective than a permanent policy. However, a whole life policy may be more convenient due to the consistent premium amount, as this may enable you to budget more efficiently.

3. Think about any pre-existing conditions

First, things first, don’t let any pre-existing conditions put you off applying for life insurance. There are hundreds of options out there, and it’s our job to help you find a policy that works. It’s vital that you are 100% honest and open about any medical conditions, as providers may make your claim invalid if you withhold any information.

How to find the right mum's life insurance for you

We understand. Life insurance is a big decision, and it can be overwhelming. We’re here to help you find the right policy that best suits your needs, providing you with the information so you can make an informed decision. Of course, the service is completely free and there is no obligation or pressure to take out a policy.

We’ll take the time to understand your budget, income, and lifestyle so that we can provide some options of policies that could be most beneficial for you. The decision is completely up to you, our life insurance experts are here to provide you with a wealth of information to assist you and put your mind at ease.

When it comes to mum’s life insurance, the best policy is the one that meets your specific needs. It’s important to choose a policy that provides enough coverage to help you meet your financial obligations while still being affordable.

To find the right policy for you, consider these factors:

How much coverage do I need?
How much will it cost?
Will my child be covered under this policy as well?
What is my health like?
Do I need to take out a single or joint cover?

The best thing you can do to find suitable coverage is to be open, honest and transparent about your financial and physical health. There are policy types out there for everyone, no matter what your circumstances may be.

Let us help you identify cover that is right for you and your family.

FAQs: Your questions, answered by our friendly team

Are some life insurance policies better suited to mums than others?

Again, this all boils down to individual circumstances. There are four main types of policy available, which we’ll explain below, and the one that’s perfect for you might not be the best choice for any other mums at the school gate. That’s why it’s so important to talk it through with a member of our friendly team, who can make sure you’ve got all the information at your fingertips to make an informed decision.

What if I have another child – can I increase my life insurance cover?

You have a couple of options here. Some life insurance policies include a ‘special events’ option which lets you increase your cover without having to fill in more medical questionnaires. It’s something to look out for when reading the T&Cs of your policy, especially if you’re hoping to grow your family in the near future, and/or move into a larger property.

The other option, of course, is to cancel your existing policy and apply for a new one, although that will mean going through the application process again. Depending on your age and health, the premiums might not be as favourable as your first policy.

When any big life changes happen it’s always sensible to tell your life insurance provider. They might be able to offer new options and, at the very least, keep your records up to date.

Can I get life insurance whilst I am pregnant?

It’s understandable that you might want to sort out life insurance before the baby is born, when you’d rather be basking in the glow of the new arrival than scrambling to secure decent cover.

Getting insurance when you’re pregnant should be straightforward. If you’re in good health and the pregnancy is progressing well, your policy could start immediately. If there are complications or you have a pre-planned C-section, however, some providers will postpone the application. That doesn’t mean you’ve been declined – just that you may have to wait a little longer before your life cover kicks in.

Can single mums get life insurance?

Yes! As a lone parent, your biggest worry may be the potential financial hardship your children could face if you were to pass away.

Having life insurance is a must for parents who are the only source of financial support for their children, granting peace of mind and stability as they raise them.

What happens if I take out joint life insurance and my partner and I divorce?

If you and your partner take out joint life insurance, it’s important to know what happens if you get separated or divorced.

Many policies offer a separation option that allows one policyholder to take over the other’s share of the policy if they divorce or separate. In this case, you don’t have to cancel the policy – you can just let your former partner be responsible for their own part of it.

You can also cancel and replace your joint life insurance with seperate policies.

What else should mums think about when taking out life insurance?

You’ll need to decide whether you want a single policy or a joint one. A joint policy is usually more affordable than two single policies, but it only pays out on the first death. It means the surviving partner might have to take out another life insurance policy later and, if they’re considerably older by this time, the premiums will likely be less favourable.

Another potential snag with joint cover is that, unless you make other arrangements, the money will go to the surviving policyholder rather than directly to your children. And give some thought to what would happen if you were to separate from your partner, which can sometimes cause complications. Not all providers will allow a joint life insurance policy to be signed over to just one party. With two single policies, by contrast, it’s often just a case of changing the name of your beneficiaries if he or she was listed as one.

You should also consider how long you need life cover for. For most mums, this will be until their kids are financially independent, but that age can vary between families – for example it will probably be later if your kids want to go to uni. Or maybe you only need it until you’ve paid off the mortgage, so your children won’t have to move home.

How much will mums pay for life insurance?

You can find life cover for as little as 17p a day*, but your premiums depend on a whole range of factors.

Gone are the days when women paid less than men for life insurance, but you can still get favourable rates if you apply at the right time and choose a policy tailored to your age and lifestyle.

Typically life insurance is cheaper the younger you are when you take it out, as you’re likely to be in better health and so less of a risk in insurers’ eyes. You’ll also secure better premiums if you’re a non-smoker.

* illustrative price based on a 30yr old, non-smoker, £100,000 level term cover, over 25yrs, no medical conditions

Commonly Asked Questions

How does life insurance work?

Put simply, life insurance works by paying a premium each month to your provider, which you’ll have to keep up for the duration of your policy. On your death, the people named in your policy (called your beneficiaries) will receive a tax-free lump sum or regular payments. How much this is depends on the level of cover you have chosen. And, of course, it’s also on the proviso that you die within the specified term of your policy.

It’s always advisable to compare life insurance quotes before taking out a policy. You and your family’s individual circumstances will determine how much cover you need and what you’ll have to pay in premiums. Other factors that may impact your life cover quote include your age and medical history.

How long do you need to have life insurance before you die?

Generally speaking, your life cover should start as soon as your application has been approved. This means that your loved ones will receive a pay-out whether you die in the first, fifth, 15th or 25th year of your insurance, as long as the policy has not run its term.

In some instances, however, the terms and conditions of the policy state that a waiting period is in place, so always read the details carefully before signing. This can happen in the case of a death by suicide, for example, where an exclusion period of 12-24 months from the start of the policy may apply.

How much does life insurance cost?

Compare multiple life insurance quotes to get a good idea of how much cover will cost you. It can start from as little as £5/month – possibly less than what you’re paying for your monthly Netflix subscription – but will vary depending on how much you want the policy to pay out, how long you want it to last, and other factors such as your age, medical history and lifestyle, including whether you smoke.

Don’t be tempted to lie about your circumstances to get a cheaper policy – any inaccuracies may invalidate a future claim. And remember that the best (by which we mean the cheapest) time to take out a policy is when you’re young and healthy, so don’t put it off either.

Should I buy the cheapest life insurance?

Life insurance is often an affordable way to make sure your family stays afloat financially when you pass away. But its benefit is only truly maximised if it covers everything you want it to. Comparing life insurance on price level alone could mean your loved ones lose out for the sake of a just few pence more in your pocket each month.

A smarter way to compare life cover is to be clear in your mind exactly what type of policy you’re after, how long you need it for and how much you want it to pay out. Once you’ve found several that meet your criteria, however, choosing the cheapest life insurance from the selection can make perfect sense. Always make sure you can afford the monthly premiums before you commit.

What are the main types of life insurance cover?

The most common policies are known as term life insurance. These cover you for a fixed amount of time and usually fall into two categories – decreasing term life insurance and level term life insurance.

Let’s start with decreasing term, which lets you choose how long you want the policy to run for. You’ll pay a monthly premium until that date, after which the policy ends and you’ll no longer be covered. The amount paid out decreases over time (hence the name), but you usually use this type of insurance to cover a mortgage, which also goes down with time too.

A level term policy, meanwhile, promises a lump sum for loved ones that always stays the same, whether you die in the first year of the policy, or the penultimate one. As a result it’s usually a bit more expensive than decreasing term insurance.

While the policies described above will cover you for a fixed amount of time, whole of life insurance has no ‘expiry date’. Your partner or children will receive a pay out whenever you die, and consequently this cover is a costlier option. It is often used to ensure a funeral can be paid for, or as part of inheritance tax planning.

What does life insurance cover?

Life insurance can cover your remaining mortgage, the rent, monthly bills, or loans and credit cards so there’s no immediate financial pressure on your loved ones if you die.

But it can also cover things like school and higher education, or childcare if your death necessitates this additional cost.

Sometimes the lump sum can be used as a gift, or simply to cover the cost of your funeral so it doesn’t come out of the family savings.

What happens if I outlive my life insurance policy?

Term life insurance only offers cover for a limited period of time. After your policy expires, you can’t claim any pay-out and the premiums you’ve put in won’t be returned.

An exception is return-of-premium life insurance, which will essentially refund what you’ve paid – but at the cost of much higher premiums while the policy lasts. What’s more, you usually have to hold the policy for the entire term and make all payments to get your money back.

Most people simply accept that life cover, like other types of insurance, is about weighing up the risks of not having it against the price you pay if you don’t need to claim. The peace of mind of knowing your family will be looked after if the worst happens often makes the decision easier.

When you near the end of a life insurance policy, it’s worth considering whether you still need cover. If your mortgage is paid off and your children have flown the nest, then you may not require it anymore. If you do want to continue, you could buy another policy or apply to extend your current one. But bear in mind your premiums are likely to be higher than they were for your original policy now that you’re older, and you may not meet all eligibility criteria.

When should I get life insurance?

Generally speaking, you’ll pay less for life cover the younger and healthier you are so, if you think you need it, it’s sensible to compare life insurance quotes as early as possible.

There are several events in life that inevitably make the question of whether to get life insurance more urgent. Buying a new home and taking out a mortgage is an obvious one. If you die before the loan is repaid, the responsibility for it will fall on your loved ones instead, so you need to think about whether they’ll be able to shoulder this without your income.

For other people, having a baby is their trigger to consider life cover. According to Child Poverty Action Group raising a child to the age of 18 in the UK in 2021 stood at £160,692 for a couple and £193,801 for a lone parent. Having a life policy in place, at least until children reach financial independence or have finished school, can give you peace of mind they’ll be provided for when you’re gone.

Even if you don’t have children, getting married or making any other long-term commitment to a partner can also be a reason to research life insurance. Whether you opt for a single or joint life insurance policy, your partner will be financially cared for on your death.

Life insurance is also relevant if you’re planning for a funeral and/or inheritance. According to the SunLife Cost of Dying Report 2022, the cost of a basic funeral in the UK was £4,056 in 2021. The lump sum your loved ones receive can be used to cover this, rather than it coming out of their own pockets. Alternatively the pay-out can make a difference for anyone looking to leave money to their children without inheritance costs. You can take out a whole-of-life insurance policy, which lasts until your death, to cover the inheritance tax bill you expect your heirs to have to pay.

Why do I need life insurance?

Life insurance provide peace of mind that your partner or children with be financially looked after when you’re not around to do it yourself. If your dependants are still in school (or younger), or if your partner relies on your income it’s especially worth looking into. Ditto if your family is living in rented accommodation or in a house with a mortgage that you pay. If there’s any doubt they could keep up repayments without your salary, life insurance could be a solution.

Even if the long-term financial future of your family looks relatively stable without you, life insurance can be helpful to cover funeral expenses, provide an inheritance, or cover extra childcare costs if you’re not around.

Not everyone needs life cover. Some already have a policy through their employer, others may feel their partner earns enough for the family to live on. If you’re older and your children have flown the nest, it might also be unnecessary. The key question to ask yourself is whether your death would have a financial impact on the people you care about.

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