---
title: "39% of Parents Don’t Have Life Insurance: Ocean Finance Launches “Affordable Life” Cover From Just 60p a Month"
description: "\"Discover Ocean Finance's Affordable Life insurance, starting at just 60p a month. Help protect your family's future without straining your budget. Learn more now!\""
---

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# [39% of Parents Don’t Have Life Insurance: Ocean Finance Launches “Affordable Life” Cover From Just 60p a Month](https://insnerds.com/news/39-percent-parents-dont-have-life-insurance-ocean-finance-launches-affordable-life-cover-from-just-60p-a-month)

 Written by [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) | Sep 19, 2025 9:48:01 AM

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

[View full post](https://insnerds.com/news/39-percent-parents-dont-have-life-insurance-ocean-finance-launches-affordable-life-cover-from-just-60p-a-month)

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