Kids are more expensive than buying a house

Why we think income protection is essential for clients with children.

• The average annual cost of raising a child now takes up more than a third (38%) of the average UK household’s net income.
• The biggest increase over the year has been 4.3% for childcare costs.
• Six in ten parents (59%) admit they’re struggling to manage their outgoings.
• Half (49%) of parents don’t have a plan in place if the main breadwinner were to lose their income due to accident or illness.