39% of Parents Don’t Have Life Insurance: Ocean Finance Launches “Affordable Life” Cover From Just 60p a Month

New Life Insurance Product Aims to Provide Affordable Coverage

Ocean Finance has introduced a new life insurance product called Affordable Life, aimed at helping families secure peace of mind without straining their budgets. With cover starting as low as 60p a month, this product is designed to make life insurance accessible to more families who might currently be without coverage.

Key Features and Pricing

According to the announcement, the average cost of the Affordable Life policy is around £3.93. This pricing structure highlights Ocean Finance's goal of addressing a significant issue: the statistic that 39% of parents do not have life insurance. The product's affordability could encourage those previously hesitant to consider life insurance to take action.

Target Audience and Impact

This initiative is particularly relevant for parents who may find themselves unsure about the necessity or cost of life insurance. By providing a low-entry price point, Ocean Finance hopes to educate families on the importance of having coverage in place and to alleviate some of the financial concerns associated with securing a policy.

Why It Matters

The launch of Affordable Life is part of a broader trend in the insurance industry towards making essential products more accessible to a wider audience. By lowering monthly premiums, Ocean Finance may play a role in reducing the number of uninsured families, ultimately contributing to greater financial security for households across the UK.

In conclusion, Affordable Life represents a step towards making life insurance more approachable for families, with its competitive pricing and commitment to providing necessary coverage.

Original Source: https://ffnews.com/newsarticle/39-of-parents-dont-have-life-insurance-ocean-finance-launches-affordable-life-cover-from-just-60p-a-month/