Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

The unsung hero: Insuring the stay-at-home parent

When we think about insurance, we often focus on protecting the breadwinner of the family. However, the contributions of a stay at home parent should not be overlooked. While they may not earn a traditional income, their role in managing the home, caring for children, and providing emotional support is huge. Insuring the stay at home parent is a crucial step in safeguarding the family's financial well-being, so let's explore the insurance options available for them:

Life insurance

Life insurance provides a financial safety net for your loved ones in the event of your passing. While the stay at home parent may not have a monetary income, their absence would create financial burdens. Life insurance can cover funeral expenses, outstanding debts, childcare costs, and future expenses such as education. By having life insurance in place, you ensure that your family's finances remain stable, allowing them to grieve without additional worries.

Critical illness cover

Critical illness cover pays out a lump sum if the insured person is diagnosed with a specified critical illness or medical condition. While serious illnesses can affect anyone, including stay at home parents, the financial impact can be substantial. Critical illness cover provides a cushion to help cover medical expenses, rehab costs, and support services during a difficult time. It allows the family to focus on recovery rather than worrying about finances.

Private medical insurance

Private medical insurance offers peace of mind by providing access to private healthcare services. Although we have the NHS, private medical insurance can offer shorter waiting times, specialist consultants, and more personal care. This cover benefits the stay at home parent by ensuring timely access to medical treatments and reducing the financial burden of private healthcare expenses.

It's important to consider the circumstances of each family when deciding on insurance options. Factors such as the number of dependents, existing savings, and debts should be taken into account.

Remember, our team of financial advisers are available to help tailor an insurance plan that meets the specific needs of your family.

If you would like to discuss your financial situation further, please do not hesitate to get in touch.

SPEAK TO AN ADVISER

Related

Unlock extra benefits with your health insurance

Unlock extra benefits with your health insurance

Let’s dive into unlocking extra private health insurance benefits. Such as a second opinion on a ma...

Read More >
Navigating TikTok Shop: Exploring a new e-commerce frontier while staying scam-savvy

Navigating TikTok Shop: Exploring a new e-commerce frontier while staying scam-savvy

The world of e-commerce is ever-evolving, constantly introducing fresh avenues for both sellers and ...

Read More >
Why four in five young adults are considering critical illness cover

Why four in five young adults are considering critical illness cover

Four in five young adults consider taking out critical illness cover (CIC) once they understand the ...

Read More >
Key benefits and risks of lifetime mortgages

Key benefits and risks of lifetime mortgages

With Equity Release, your home can be a valuable source of retirement income. Releasing equity from ...

Read More >
Energy bills - what to do if you’re struggling

Energy bills - what to do if you’re struggling

Despite the Prime Minister's recent announcement that energy bills will be capped at £2,500 annu...

Read More >
Is equity release available for the self-employed?

Is equity release available for the self-employed?

Are you self-employed, retired, or unemployed and looking for equity release? Are you wondering if y...

Read More >

What our clients say...

Latest Blog

How to restart your budget ahead of summer!

With the sun on our faces and the right approach to your end-of-summer spending, you can achieve you...
Read More

How to stay active through summer! (and how health insurance can help)

With the warmer weather approaching, it’s a great time to get active without hitting the gym! We’v...
Read More

What protection do you need in place to have a worry-free summer?

Summer’s here—time for garden BBQs, beach escapes, and maybe even a cheeky weekend away. But while...
Read More

Avoid these mistakes when buying insurance

General insurance—whether it’s for your car, home, travel, or health—is a crucial financial safet...
Read More

How to use equity release for a new garden renovation or a dream holiday

Using equity release to fund a garden renovation or a dream holiday can be a smart move if done wise...
Read More

Looking to buy this summer? Let’s get your preapproval sorted!

Did you know that the summer months typically see an increase in home sales? We thought we’d put to...
Read More

A fresh start for your money this spring

Let’s get a bit cheesy this month with this very catchy phrase: “Spring Cleaning Your Finances—A ...
Read More

How does your gender affect health?

Are you looking for a health insurance policy? We’ve looked at the research and there are some dif...
Read More

Your monthly equity release update

New research shows that people over the age of 55 are increasingly choosing to release equity in the...
Read More

Expect the unexpected: Critical Illness Protection for the whole family

Did you know Critical Illness Protection is important for the whole family? Not just the main earner...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top