4 week wait for sick mothers’ payout
March 12th, 2010 admin
As Mothering Sunday approaches a little earlier this year, Defaqto has warned about the potential difficulties coping if a stay-at-home mum falls ill. Under most homemaker’s cover (part of income protection) insurers would not pay out for as long as 4 weeks. Defaqto Insight Analyst Ben Heffer has stated that many families have no plans in place to handle the situation should a stay-at-home mother fall ill or become disabled and be unable to look after the home and children. Many consider only the breadwinner as contributing financially, but it is the case that stay-at-home mums do unpaid work worth around £18,500. A number of insurers offer protection for homemakers, in case they…
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