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Quarter of first-time mums fear losing home if partner dies

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14/09/2016
Quarter of first-time mums fear losing home if partner dies

A quarter of first-time expectant mums worry they would need to sell the family home if their partner died, according to NFU Mutual.

The financial services company polled more than 1000 online readers of Mother and Baby Magazine.

The survey found that half of first-time expectant mums (50%) don’t have a life insurance policy and a third said that if their partner died they would need to borrow money from family. A small number (3%) said they would take out a loan.

Sean McCann, chartered financial planner at NFU Mutual said: “It is essential to make sure the family is protected financially; people see the value in insuring their houses, cars and pets, but are less likely to insure the family income, leaving them vulnerable.”

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