Life insurance for your children
Discussion
Welshbeef said:
Graunching_dave said:
Why would your kids need life insurance? Are they the main earners in the household?
That makes literally zero sense. Aren’t you a financial adviser?
No but if that ever were to happen not sure I’d be able to carry on working
Edited by soc.mod on Sunday 17th June 09:46
[quote=Graunching_dave]
"If you know the answer or know how to use google why are you asking on a forum?
To provoke debate? "
Simple I don’t have it yet and know nothing about it so want to find out.
Basically your first sentence above frankly means anyone posting on PH about a car it’s hey why did you ask that read Autocar the road test is there so stop eating your and everyone’s time.... kind of like nearly all posts.
Also please do not use offensive language and deliberately get around haymarkets censorship of language.
"If you know the answer or know how to use google why are you asking on a forum?
To provoke debate? "
Simple I don’t have it yet and know nothing about it so want to find out.
Basically your first sentence above frankly means anyone posting on PH about a car it’s hey why did you ask that read Autocar the road test is there so stop eating your and everyone’s time.... kind of like nearly all posts.
Also please do not use offensive language and deliberately get around haymarkets censorship of language.
Edited by soc.mod on Sunday 17th June 09:53
Welshbeef said:
No but if that ever were to happen not sure I’d be able to carry on working
How many do you have? If one died, surely you would continue for the others.Edited by soc.mod on Sunday 17th June 09:44
If all died, then chances are you were travelling together.
All the usual providers will do it though.
p.s. is this linked to your climbing frame thread
you know they won't pay out for anything they believe was pre-planned murder 
Do you have an insurance interest in your child’s life? If not, why are you applying for insurance in their name? I believe Charlotte Church’s mother (father?) was also part of her management team, and therefore she did have a financial interest which justified it, but she was the exception rather than the rule.
More down to the fact that when I was much younger a close friend of mine died (we were kids).
Anyway his family were destroyed by that incident - I remember seeing his dad go from the great person he was to being a ghost last time I saw him 8 years after he lost his only son he was in utter bits not worked since/lost jobs couldn’t hold anything down etc - as I understand it his family were physically paying cash to him monthly for years on end to survive.
It’s that situation the god hopes that never ever ever happens - but sadly it does and some policy like the ones on offer might take one pressure away from walsh must be hell Day in day out. The
That’s why.
Anyway his family were destroyed by that incident - I remember seeing his dad go from the great person he was to being a ghost last time I saw him 8 years after he lost his only son he was in utter bits not worked since/lost jobs couldn’t hold anything down etc - as I understand it his family were physically paying cash to him monthly for years on end to survive.
It’s that situation the god hopes that never ever ever happens - but sadly it does and some policy like the ones on offer might take one pressure away from walsh must be hell Day in day out. The
That’s why.
There’s no imperative on those grounds, sorry. However.. plan B.
You could consider Accident, Sickness and Unemployment benefit in the event that a doctor says you are too depressed to work, you are unable to draw an income.
https://www.moneysupermarket.com/asu/guide/
You could consider Accident, Sickness and Unemployment benefit in the event that a doctor says you are too depressed to work, you are unable to draw an income.
https://www.moneysupermarket.com/asu/guide/
Ginge R said:
There’s no imperative on those grounds, sorry. However.. plan B.
You could consider Accident, Sickness and Unemployment benefit in the event that a doctor says you are too depressed to work, you are unable to draw an income.
https://www.moneysupermarket.com/asu/guide/
But surely the insurance aspect of the worst were to ever happen would mean that one tiny bit of stress could be ignored. You could consider Accident, Sickness and Unemployment benefit in the event that a doctor says you are too depressed to work, you are unable to draw an income.
https://www.moneysupermarket.com/asu/guide/
It’s good to see at least on PH who has posted on here actually has this kind of policy in place. I’m unclear alwhy others are so against it/uppity. Yes it’s not a nice topic to even consider but there are products for this dire situation surely we are able as adults to discuss the merits of each on a forum? If not please explain why not
Ginge R said:
ASU helps you to pay the bills, and that relieves stress and keeps a roof over your head. But if a child died, I’m not sure how a lump sum of say, £300,000 would make life any more bearable. I imagine many would find profiteering from such an event unsavoury at best.
Let’s say in such a situation neither parent could work again so mortgage would need to be cleared plus any other debt plus £k to sustain them to retirement. Or whatever value they thought sensible. Where the f
k did profiteering come from? Also how on earth could anyone instigate profiteering unless it was a planned “accident”. The mind boggles with such a uggestion. I’ve seen the impact on the surviving parents of a child lost - utterly destroyed they only managed to survive due to two other children but they simply couldn’t work (25 years down the line they never have been able to either and are now long since retired).
Welshbeef said:
Let’s say in such a situation neither parent could work again so mortgage would need to be cleared plus any other debt plus £k to sustain them to retirement. Or whatever value they thought sensible.
Where the fk did profiteering come from? Also how on earth could anyone instigate profiteering unless it was a planned “accident”. The mind boggles with such a uggestion.
I’ve seen the impact on the surviving parents of a child lost - utterly destroyed they only managed to survive due to two other children but they simply couldn’t work (25 years down the line they never have been able to either and are now long since retired).
On the other hand, parents have coped with this type of dreadful bereavement for centuries.Where the f
k did profiteering come from? Also how on earth could anyone instigate profiteering unless it was a planned “accident”. The mind boggles with such a uggestion. I’ve seen the impact on the surviving parents of a child lost - utterly destroyed they only managed to survive due to two other children but they simply couldn’t work (25 years down the line they never have been able to either and are now long since retired).
As crass as it sounds, life does go on - eventually. I think we all know parents, or of parents who have outlived their children, and however horrific, the drive to get over it and not succumb is seared into our DNA as a survival aid for ourselves and other children, if nothing else.
Further, ASU has a wider range of applications for circumstances far more likely to happen and create a negative financial impact than the death of a child. Like I said, unless you have an insurance interest..
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