Best Insurance For You

Cheap Life Insurance for Children

2006-07-17T06:50:00.000-07:00

Cheap life insurance is practically guaranteed if the insured is a child. Yes, as terrible as it may sound, even a child can get a policy in his or her name. Many people are taken aback by the thought of purchasing life insurance for their children or their grandchildren.
After all, life insurance benefits are not paid out until a person dies, and no one likes to consider the very real truth that children can die too. Death is not something that is reserved for the elderly. Life insurance for a child is cheap, and if you are purchasing it for yourself, you should expect that your insurance agent will at least mention this opportunity.

No one likes to think about it.

Unfortunately, children are not immune to death. It can happen to any child, at any time. It can happen in an automobile accident or while walking to the bus. It can happen tragically, at the hands of another. It can happen as a result of a previously undetected condition such as leukemia.

While your life insurance agent won’t dwell on the ways your child might die, the agent will certainly remind you that such an occurrence will result in unexpected funeral and burial expenses. Your agent will continue by reminding you that these costs will be considerable, and possibly even more so because the occasion is for a child.

Expect the agent to proceed with extreme caution because parents just don’t like to think about the possibility that their children might die before they reach adulthood. The agent will subtly mention how cheap life insurance is for a child and how this insurance can be easily bundled in with your other policies.

Your agent may offer other reasons why you should consider purchasing cheap life insurance for your children. One high-pressure method is to suggest that purchasing a policy right now is an opportunity that may not happen again or that won’t be available again for a number of years. This sometimes pressures parents into purchasing before the agent walks out their door. Don’t allow this to happen because it’s just not true.

Here’s something to consider:

There is one good reason why it makes sense to purchase cheap life insurance for your child now. Doing so can protect your child in the event he or she develops an illness later on in life which an insurance company might consider uninsurable or that may be insurable but will be so at a high price.

While such a situation is impossible to predict, purchasing cheap life insurance for your child now guarantees that your child will have the protection that life insurance offers. When your child reaches adulthood, he or she should be able to renew a policy at the rates given originally.

If you decide it makes sense to purchase cheap life insurance for your child, be sure you understand the rights the insurance company guarantees your child when he or she turns 18 years of age.

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Car Insurance. Don't Forget the Legal Expense Cover

2006-07-15T14:13:00.000-07:00

Car Insurance. Don't Forget the Legal Expense Cover by Michael Challiner

When buying your car insurance over the Internet, do you tick yes or no to the option of legal expenses cover? Because it adds on a little extra to the premiums, it’s tempting not to bother, especially as many of us aren’t really sure what it is! However, we really think that it’s an essential part of a car insurance policy, and advise you to definitely take the option if it’s not already included. Here’s why.

A few months ago, one of our freelance writers, Jake, had an accident. He’s very proud of his car, a Golf Mark I, and spends every weekend tinkering with it. So it was important to him that his insurance covers absolutely everything, and that’s why he made sure he had legal expenses cover.

Luckily for him, the legal expenses cover proved its worth after the accident. He was hit from behind, so the car sustained some damage that was fixable. The insurance made sure that all happened swiftly. Jake broke his wrist in the accident, and suffered some whiplash. Without legal expenses cover, he would have to pay himself for a solicitor to pursue for compensation. As it was, Jake received compensation soon after. As a freelance writer, Jake only gets paid for the hours he works; he doesn’t get sick pay from an employer. He couldn’t work for a month, so also lost a lot of earnings in that time. In stepped the legal expenses cover again, and Jake will soon receive compensation for his loss of earnings.

The legal cover only added £2 a month to his premiums, so it was certainly worth the minimal investment.

Comprehensive insurance covers everything to do with your car, but it doesn’t cover the consequences of an accident. For no fault of his own, Jake was left unable to work for a month. Having the legal cover meant that he was as well looked after as his car. Without it, the expenses related towards getting compensation would have been all his.
Say for example you are not injured but your car is out of action for a couple of weeks waiting for parts. If you don’t have free hire car benefits, then you would have to rely on public transport for a few weeks. But if you have legal expense cover, then you can hire a car and be compensated for your inconvenience.

You don’t even have to do anything – just provide the details of the accident as usual and the legal eagles will do the rest. You may need to talk to the solicitor working on your case, or possibly attend court if matters go that far, but you will never have to pay for any of the legal fees.

It’s not even expensive. A few insurers actually include it for free, Admiral being one of them. With most insurers it will be an extra cost but it averages at about £20 a year – for example it costs £17.85 with More Than and Budget charge £24. When you think about the long drawn out court battles that have resulted from car accidents, especially those involving serious injuries that cost millions – it’s definitely an optional extra worth taking.

So next time you choose a car insurance policy, make sure you get legal expense cover. If it’s not included, choose it as an extra. The difference in cost is far outweighed by the huge benefits if you were to need it.

Scrouge is a huge uk finance website who offer many products including car insurance quotes.

2006-07-15T13:43:00.000-07:00

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