Confused.com Finds Mums Want to Help Pay for University Costs

Confused.com has found that mums want to help their children by helping towards the growing costs of university.

2011-05-18

CARDIFF, WALES, May 18, 2011 (Press-News.org) Confused.com has surveyed mums and found that 60% would like to help their children meet the spiralling costs of higher education. With the current annual cost of living and study for a higher education student estimated at around GBP15,500 to GBP16,600* per year, and fees predicted to continue rising, parents may want to consider protecting their children by increasing the term of their life insurance policy.

The research from the car and life insurance comparison website also found that 55% of mums would like to help their children with a deposit for a house (the average house price for first time buyers is around GBP160,000**) and 50% of mums would like to help their children buy and insure their first car (annual premium on car insurance for young drivers aged 17-20 has increased by 33.5%***, and young drivers of these ages can expect to pay an average premium of GBP2,648 annually****).

Additionally 50% would like to help them with wedding costs (average cost of a UK wedding is between GBP15,000and GBP25,000.)***** and 29% of mums would like to provide their offspring with financial support for travelling.

Others would like to help with paying for private medical care and financial support to set up a business. However, Confused.com recently revealed that 48% of mums don't have any life insurance cover in place.

Matthew Lloyd, head of life insurance at Confused.com, said: "For many years the perceived wisdom has been to make sure life insurance cover continues until children reach the age of 18 or 21. It seems that attitudes are changing though; influenced by spiralling university costs and the desire to help children reach goals that often happen after this age. It's important that parents wanting to help their children achieve these goals consider providing protection through life insurance for their children until an older age.

"It's not at all surprising that mums want to help their children reach landmark goals, but it is a real worry that they don't have any life insurance cover in place to safeguard them should the worst happen. Life insurance and critical illness policies can also offer many additional valuable features for families that can be accessed at any time during the life of the policy, for example providing access to specialist medical information and advice or counselling services - they can be invaluable."

Notes to Editors:
* Source NUS Average costs of living and study
** House prices increase by 0.3% Feb 2011 - Average house cost for first time buyers = GBP161211 (Nationwide house price index Feb 2011)
*** Prices have increased 33.5% from Q1 2010 to Q1 2011
**** Based on Confused.com/Towers Watson Car Insurance Price Index April 2011
***** Source: - 'You and your wedding'.

About Confused.com:
Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance. More specialist life insurance products include critical illness cover, mortgage life insurance, joint life insurance and over 50s life insurance policies.

Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com's service is based on the most up-to-date information provided by UK suppliers and industry regulators.

Website: http://www.confused.com

ELSE PRESS RELEASES FROM THIS DATE:

Stem cell study could pave the way to treatment for age-related muscle wasting

2011-05-18

A team led by developmental biologist Professor Christophe Marcelle has nailed the mechanism that causes stem cells in the embryo to differentiate into specialised cells that form the skeletal muscles of animals' bodies. The scientists published their results in the British journal Nature on Monday (May 16). Scientists world wide are racing to pin down the complex molecular processes that cause stem cells in the early embryo to differentiate into specialist cells such as muscle or nerve cells. The field has the potential to revolutionise medicine by delivering therapies ...

Mysterious purse-web spiders rediscovered and photographed in South Africa

2011-05-18

A team of researchers from the University of the Free State in South Africa (René Fourie and Charles Haddad) and the Royal Museum for Central Africa in Belgium (Rudy Jocqué) discovered very poorly known purse-web spiders of the genus Calommata in Africa. Four of the species described are new to science. The study was published in the open access journal ZooKeys. What is really unique about purse-web spiders is that, in contrast to trapdoor spiders, they do not construct a structure to close the burrow. Instead, they build a purse-shaped web of dense silk that covers ...

Patent-Pending Valera(TM), by VaNovo, Receives The World's First USDA Organic Certification For Female Lubricants and Moisturizers

2011-05-18

VaNovo, of MyValera.com, announced today their patent-pending product, Valera, received a USDA Organic Certification, making it the only female lubricant and moisturizer in the World to have a USDA Certified Organic seal of approval. According to USDA.org, The USDA Organic seal assures consumers of the quality and integrity of organic products. Organic-certified operations must have an organic system plan and records that verify compliance with that plan. Operators are inspected annually in addition there are random checks to assure standards are being met. Organic-certified ...

Social network helps in discovery of a species of plant lice for the first time in Europe

2011-05-18

Spanish researchers from the University of Leon (Nicolás Pérez Hidalgo and M. Pilar Mier Durante) have discovered the plant lice Schizaphis piricola (Matsumura) in Madrid, Spain from a photography displayed on a social network platform: "Biodiversidad Virtual" (http://www.biodiversidadvirtual.org/) (Ángel Umaran). The results have been published recently in the open access journal ZooKeys and are available for free download. "This discovery is yet another example of how social networks play an important role in our knowledge of biodiversity and the detection and/or monitoring ...

'Blueprint' for blocking MMP may unlock new treatments for deadly blood infection

2011-05-18

Researchers studying the life threatening infectious disease sepsis have discovered how the infection can lead to a fatal inflammatory response through blood vessel cells. The research, which is published in EMBO Molecular Medicine, focuses on blocking crucial Matrix Metalloprotease enzymes (MMP) which activate the response. Sepsis, and the associated systemic inflammatory response syndrome (SIRS), is a deadly condition caused by an infection of the blood which leads to whole-body inflammation. The condition is a major cause of death in intensive care wards worldwide ...

If families are price sensitive then they will be so regardless of the product

2011-05-18

Do we buy things because of their attributes, their price, or out of brand loyalty? This was one of the questions asked by researchers from the University of Seville (US), who studied families' behaviour in putting together their shopping basket. They did this by studying their consumption patterns for ground coffee and tomato puree. "We wanted to know whether there was any similarity in families' behaviour, regardless of the product being bought, and we found that there were certain aspects, such as price sensitivity and brand preference, which could, with a certain ...

Gourmet Mac and Cheese Bar Debuts at The Eatery

2011-05-18

If the idea of homemade macaroni and cheese evokes happy memories and makes your tummy growl, you will want to be at The Eatery on Thursday. Co-owners, Don and Cindy Gifford are inviting guests to belly up to their family restaurant's new gourmet mac and cheese bar that features an array of delicious ingredients and an offer to "brown it on top" tableside. Fans of the comfort food dish will be able to pile on the pasta. Add a favorite grated cheese (cheddar, American, or parmesan). Pick a meat (Virginia baked ham, crumpled bacon, smoked sausage or The Eatery's ...

Patients who see preferred doctor less likely to go for emergency hospital admission

2011-05-18

A new study led by the University of Leicester has concluded that being able to see the GP of your choice in a doctor's surgery helps to reduce emergency hospital admissions. The findings by researchers in the Department of Health Sciences at the University of Leicester revealed a correlation between patients being able to see a preferred GP and emergency hospital admissions. The research, published in Emergency Medical Journal, was led by Dr John Bankart, a research fellow in medical statistics at the University. The research was funded by the NHS. Dr Bankart said: ...

Better passwords get with the beat

2011-05-18

No password is 100% secure. There are always ways and means for those with malicious intent to hack, crack or socially engineer access to a password. Indeed, there are more and more websites and databases compromised on a seemingly daily basis. A new approach to verifying passwords that also takes into account the speed with which a user types in their login and the gaps between characters would render a stolen password useless. Writing in the International Journal of Internet Technology and Secured Transactions computer scientists from Beirut explain the shortcomings ...

Researchers develop hardware encryption for new computer memory technology

2011-05-18

Security concerns are one of the key obstacles to the adoption of new non-volatile main memory (NVMM) technology in next-generation computers, which would improve computer start times and boost memory capacity. But now researchers from North Carolina State University have developed new encryption hardware for use with NVMM to protect personal information and other data. NVMM technologies, such as phase-change memory, hold great promise to replace conventional dynamic random access memory (DRAM) in the main memory of computers. NVMM would allow computers to start instantly, ...

Confused.com Finds Mums Want to Help Pay for University Costs

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: