Life Assurance, An Absolute Must!!

[SquigletPie]

No, this isn't a sales pitch but it is a serious prompt to make you think about what would happen should you or your child's other parent pass away?

We have a friend who unexpectedly lost her husband when baby was a matter of months old and they had nothing in place to assist financially.

Whilst she had a good job to return to and which she was happy to return to, she really had no choice as the mortgage and bills still needed to be paid!

Even if you can only afford the minimum premium it is something to assist either with financial commitments or getting some help with child care while you work out a long term plan - or for the long term if required.

No one wants to think about about dying but it isn't just about us the adults anymore, but providing for our children.

There are some great supermarket websites for this type of cover so do shop around and get the best policy for your premium and circumstance.

Whilst the vouchers/gifts some providers offer seem tempting they may not be giving the best cover - hubbie talked me out of a policy giving me £40 M & S vocuhers just last week : - ( Didn't need the policy as we are all covered but the lure of the vouchers nearly got me....

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thanks for posting this.
I have just given birth 3 weeks ago to DS1 and I have just lost my father 2 weeks ago and have seen what my Mum has had to go through. You are so right and DS and I have already life assurance in place, very very important.

I agree. We pay about 50 a month for life assurance for both of us and we also have critical illness cover. We struggle with money but know this is super important. The younger you get it the better too and I think that is the best incentive. (if you can't imagine the worst. )

Sorry for your friend's loss.

Thanks for reminding me. I need to sort this now I'm not working.

It's worth pointing out though, that some pensions pay out a fairly large lump some in the event of death, so that may cover you - I never bothered with Life Assurance while I worked (NHS) because of this. Similarly, DH is covered by his.

I'm 22 recently applied with two seperate companies and have Been rejected because i have had pancreatitis. I'm sick with worry about it as with mortgage bills dd and my being the main earner i don't know how dh would cope. I will keep trying to get life assurance but may fail. It seems ridiculous that people see it as an option and not a necessity.

I agree it is a must but I also find it incredible how difficult or nearly impossible it is to get insured once you have had some kind of medical problem let alone a cronic illness. It seems to me, from direct experience with dh, that no one will touch you with bargepole even once you've been given the all clear from drs.

Any suggestions in this regards are most welcomed.

Is bloody awful isn't it. In my experience (I used to work in mortgages and life insurance as a case handler - not an adviser) there is a package there for people with illnesses but you may have to pay a higher premium. Worth shopping aournd. Is frustrating tho. Hate money-grabbing insurance companies (especially car) as if you need to make a claim you feel they do whatever they can to get out of it. don't get me started.....