Close Close
Mother and Baby
Advertisement Feature

Protect your loved ones this Valentine's Day with Lemonade Money

Section: Lifestyle

Protect your loved ones this Valentine's Day with Lemonade MoneyImpress Saint Valentine

Valentine’s Day is an opportunity to let your partner know just how much they mean to you, but how many of us are familiar with the story of Saint Valentine?

This patron saint of lovers was a Roman priest who performed marriages against the wishes of an anti-church and anti-marriage emperor Claudius. Claudius believed soldiers could fight better if they had no family responsibilities.

In 269AD Valentine was sentenced to death for his actions and while in prison he befriended a blind girl whom he prayed with and allegedly restored her sight. His last words were in a note to her, signed ‘from your Valentine’. 

Embrace responsibilities

It’s clear St Valentine’s downfall was because he was keen to help Romans embrace family responsibilities and while we like to think we all do the same, particularly once we have children, in certain areas this isn’t the case.

Take life cover for example, no one wants to think about the unthinkable, but sadly, death is the one inevitable thing we all face. Hopefully, it’s a long way off, but this doesn’t mean we shouldn’t put a financial safety net in place to lessen the financial trauma such an event brings.

No financial support

Around 80% of UK adults have no life cover which means if the main breadwinner stops earning, the family has nothing to replace this income. No one wants to be left relying on meagre State hand-outs, support from family members/friends or spiral into debt to meet everyday bills and future commitments such as university or wedding costs, yet this is a scenario we could well face.

Being in the know

It’s easy however, to address. Simply work out how much you’d like your dependents to have, taking into account your salary and multiplying this by 10 (as a general rule), add your outgoings, including debts and potential future costs, and then decide how long you’d like to have the cover for. You may well want to extend your family, so factor this in.

You can buy level term cover which is for a fixed period and pays a set amount or whole of life cover which doesn’t run for a fixed term, so lasts as long as you do. Level term enables you to control the premiums and cover period so tends to be cheaper than whole of life.

A simple process

If you don’t have the time or inclination to sort out your life cover, financial planning firm Lemonade Money is here to help. Their online tools make the process easy; they have a life cover calculator so you can see exactly how much cover you need and their website shows you the top three quotes for your circumstances.  There’s also a free and quick financial health check so you can see where you’re at financially and if you need extra support, Lemonade Heroes can help you get your finances on track. Even Saint Valentine would be impressed with such commitment to family responsibility.

Comments

No comments have been made yet.


Win an award-winning aden + anais swaddle pack
Win an award-winning aden + anais swaddle pack

Click here for your chance to win an award-winning aden + anais swaddle pack

Pampers Baby-Dry
Win a 1 month supply of Pampers Baby-Dry nappies

Enter now for your chance to win a 1 month supply of Pampers Baby-Dry nappies PLUS £100 John Lewis voucher.

Lemonade Money
Protect your loved ones this Valentine's Day with Lemonade Money

Valentine's Day is an opportunity to let your partner know just how much they mean to you. If you don't have the time to sort out your life cover, financial planning firm Lemonade Money is here to help.

Win an NCT antenatal course
Win an NCT antenatal course

Click here for your chance to win an antenatal course with NCT and make sure you're baby ready.

How to deal with nappy rash with Superdrug's My Little Star range
How to deal with nappy rash with Superdrug's My Little Star range

Nappy rash is painful for parents as well as for your baby. Read Dr Pixie's guide to learn how to deal with nappy rash…

Celebrating parenting's small wins
Celebrating parenting's small wins

As mums, we're constantly told to enjoy every moment; in reality, parenting can sometimes be challenging. That's where small wins come in...

Subscribe to Mother&Baby!
Subscribe to Mother&Baby

Be the best mum you can be and let Mother & Baby guide you along the way. Each issue is jam packed with REAL advice from mums just like you. Subscribe today & get a free welcome gift!

Ovulation Calculator
Ovulation calculator
Trying for a baby? Work out when you're most fertile to increase your chances of getting pregnant with our easy-to-use ovulation calculator.
Pregnant woman
Due Date Calculator

When is your baby due? If you’re having trouble remembering dates and counting up the days on your fingers and toes, don’t worry – use our due date calculator.

Get M&B in your inbox!

Sign up to Mother&Baby today and get news and advice about your body and your baby straight to your inbox every week.