Legal & General: Why Not Consider Life Insurance This Mothers Day?

LONDON, March 13, 2012 /PRNewswire/ --

Last year research commissioned by Legal & General, one of the UK's leading financial services companies, estimated that the average value of a typical Mum, contributing to domestic work around the home, stood at just over £32,000 a year. Dads, in comparison, were valued at £21,036, some 34% lower than their wives. However despite the diligent work both parents put in, only 54% confessed to having a life insurance policy.

So with Mother's Day fast approaching (Sunday 18th March 2012), Legal & General are offering an unusual but nonetheless heartfelt gift for Mothers on Mothering Sunday: Life Insurance.

The monetary value of a Mum is sometimes overlooked when families try and work out their life insurance needs. According to prior research, the average family spends £143 on children per week- that equates to £133,848 over 18 years.

A spokesperson for Legal & General said:

"Looking into life cover is a gesture a family can make that not only recognises a Mother's amazing contribution, but could also provide some financial support in the future."

Referring to the £133,848 average family spend figure estimated from last year's research: "If Mum was no longer alive, where is the money going to come from to pay for the domestic work and child-care she once provided? With life insurance from Legal & General, you'll know you're providing some financial support for your family in the future."

With life insurance quotes starting from just £6 per month*, help ensure mum receives peace of mind this Mothers day knowing her family have some financial support in the future.

*Dependant on individuals needs and circumstances.

Source: Independent research commissioned by Legal & General, 2011.