Life insurance

xKimx · Feb 15th, 2010, 18:27 PM

Who has life insurance

?

I went to the post office today and the woman made me sign up for life insurance

But I am really happy I did now, I pay 6 pounds a month for 30 years and Ciaran gets £127.000 when I die

linz26uk · Feb 15th, 2010, 18:44 PM

thats a really good payment £6.00 a month you wont miss..... think I may go to the post office

kiwimama · Feb 15th, 2010, 19:01 PM

oh and i got it when lo was born, or just before I think. It comes straight out of our bank account and don't notice it at all. I feel more secure knowing that my oh and lo will be able to have that to fall on if I go unexpectedly and vice versa for me if oh goes... Some people think its morbid and it won't happen to them, but unfortunately it does happen and it's just being prepared.

bky · Feb 15th, 2010, 19:10 PM

I've got it for OH as he's primary earner. Haven't gotten me sorted yet though.

Lilicat · Feb 16th, 2010, 04:07 AM

We are just signing up for it now, rather than a lump sum we have gone for monthly payments for the rest of the term as we don't have a mortgage.

Monthly payments would allow the surviving partner to get stable again and cope without the second income. We have also added critical illness insurance which is a lump sum and sickness insurance for my husband as he gets no sick pay from his job whereas I do.

I also have job related death in service cover which is a lump sum so when we finally get it sorted we should be all covered. Its taking ages though as I am epileptic and it complicates things. It should be done before Minipose is born though.

I think its definatly worth having, my step father recently died after being seriously ill for six months. The financial issues where an added stress which was not needed on top of the emotional stress when he originally became ill.

Dee.Rda · Feb 16th, 2010, 04:20 AM

Hello ladies,

My hubbys the primary earner so we have it for him. I have wondered about bumping him off, million squid sounds about right to start a new life in the carribean with my daugther....

But yes we do have it and we've also made sure that our mortgage would be cleared instantly so our daughter and the one we're having now would always have a roof over their heads. xx

Feb 15th, 2010, 18:27 PM	#1
xKimx Mum (Mom) BnB Addict Join Date: Nov 2007 Location: Glasgow Posts: 3,004	Life insurance Who has life insurance? I went to the post office today and the woman made me sign up for life insurance But I am really happy I did now, I pay 6 pounds a month for 30 years and Ciaran gets £127.000 when I die

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Feb 15th, 2010, 18:44 PM	#2
linz26uk Mum (Mom) New BnB member Join Date: Feb 2010 Location: CLEETHORPES UK Posts: 4	thats a really good payment £6.00 a month you wont miss..... think I may go to the post office

Status: Offline

Feb 15th, 2010, 19:01 PM	#3
kiwimama Mum (Mom) BnB Addict Join Date: Jul 2008 Location: New Zealand Posts: 6,389	oh and i got it when lo was born, or just before I think. It comes straight out of our bank account and don't notice it at all. I feel more secure knowing that my oh and lo will be able to have that to fall on if I go unexpectedly and vice versa for me if oh goes... Some people think its morbid and it won't happen to them, but unfortunately it does happen and it's just being prepared.

Status: Offline

Feb 15th, 2010, 19:10 PM	#4
bky Mum (Mom) BnB Addict Join Date: Dec 2009 Location: Christchurch, NZ Posts: 4,013	I've got it for OH as he's primary earner. Haven't gotten me sorted yet though.

Status: Offline

Feb 16th, 2010, 04:07 AM	#5
Lilicat Mum (Mom) Chat Happy BnB Member Join Date: Jun 2009 Location: Hampshire Posts: 1,124	We are just signing up for it now, rather than a lump sum we have gone for monthly payments for the rest of the term as we don't have a mortgage. Monthly payments would allow the surviving partner to get stable again and cope without the second income. We have also added critical illness insurance which is a lump sum and sickness insurance for my husband as he gets no sick pay from his job whereas I do. I also have job related death in service cover which is a lump sum so when we finally get it sorted we should be all covered. Its taking ages though as I am epileptic and it complicates things. It should be done before Minipose is born though. I think its definatly worth having, my step father recently died after being seriously ill for six months. The financial issues where an added stress which was not needed on top of the emotional stress when he originally became ill.

Status: Online

Feb 16th, 2010, 04:20 AM	#6
Dee.Rda Pregnant (Expecting) Active BnB Member Join Date: Feb 2010 Location: Nottinghamshire Posts: 76	Hello ladies, My hubbys the primary earner so we have it for him. I have wondered about bumping him off, million squid sounds about right to start a new life in the carribean with my daugther.... But yes we do have it and we've also made sure that our mortgage would be cleared instantly so our daughter and the one we're having now would always have a roof over their heads. xx

Status: Offline

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