New Parents May Want to Think About Life Insurance
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 05/15/12 -- Life insurance may not be the first thing that you think about on the birth of your first child; after all, having a child is a very busy time for everyone. But once the euphoria of the birth subsides, life insurance should be high on every new parent's list of priorities. Every family should have life insurance.
is there to make sure that your family is financially looked after in the event of your death, or serious disablement. Now that you have a family to support, new parents should think about how their family would survive if they had to pay the mortgage, bills and childcare costs without them. Life insurance offers protection should the worst happen.
New parents need to work out how much income they earn and what their expenditure would be if they or their partner were no longer around to contribute financially.
Buying a life insurance product that works for your needs is relatively simple. Get it right and at least you will be able to sleep easy knowing that your family is protected -if your new baby lets you sleep at all that is!
Tips for choosing the right new parent life insurance
Generally, those looking for insurance are advised to think about buying a life insurance policy that provides cover for four times an annual income. However, as a new parent you may wish to have even more protection, to ensure that your children and partner can survive without you.
There are few things that can affect the cost of your life insurance policy and how much a new parent will pay out each month in premiums. Obviously the more cover you want, the more you'll have to pay; but other considerations such as the length of the cover you require, as well as the level of risk associated with insuring your life will have an impact.
About Life Insurance
Notes:
Asda Advised Life Cover
Things to consider when thinking about life insurance:
Mortgage, Utility bills & Council tax, Credit cards and loans, Child care, Groceries.
Small print: Your cover will depend on your individual needs and circumstances and the premium you choose to pay.
(i)Price based on GBP 100,000 of level term cover for a female aged 30 next birthday and in good health. Prices correct as at November 2011.
(ii)Price based on level term life insurance and critical illness cover of GBP 71,591 over 25 years for a non-smoking man in good health aged 30 next birthday. The critical illness cover is based upon Class 1 (clerical/admin) occupation, Own Occupation definition and reviewable rates. Prices correct as at November 2011.
(iii)Price based on GBP 1,000 monthly benefit for a non-smoking man in good health aged 30 next birthday. The income protection cover is based upon a 13 weeks deferment period and is based on occupation class 1 to age 65. Prices correct as at November 2011.
(iv)Price based on level term life insurance cover of GBP 32,100, over 25 years for a non-smoking man in good health aged 30 next birthday. The Real Life Cover insurance is based upon a 26 weeks deferment period and Class 1 (clerical/admin) occupation for a GBP 300 benefit per month in the event of unemployment or redundancy. Prices correct as at November 2011.
Lines open 8am to 8pm weekdays, 9am to 6pm Saturday - 0800 9751208.
Advice for ASDA customers is provided by LifeSearch Limited, an Appointed Representative of Baigrie Davies and Company Limited who are authorised and regulated by the Financial Services Authority.
Asda Instant life cover
If you already have a good idea what sort of cover you want, getting it couldn't be simpler! Asda Instant Life Cover pays out a tax free lump sum if you die during the term of your policy. The price you see is the price you pay, the application process is quick and easy and you can be covered within minutes.
Get Covered today in just 5 minutes
To get the protection you need for you and your loved ones go online and complete 3 questions: your age, your gender and whether you are a smoker or not. We will then be able to present you with the cover you could get for GBP 5,GBP 10 or GBP 15 a month.
Just choose how much you want to pay each month. Then complete your personal details and bank account details to set up a monthly direct debit - it's that simple.
Exclusions of the product:
If the customer has had a pre-existing medical condition and they die from the condition, they cannot claim on their policy. However, if the customer has had one of the following pre-existing medical conditions and they die from another cause (i.e. not from their pre-existing medical condition) then they can claim. The exclusions for death from pre-existing conditions are:
All cover exclusions are explained in detail in the Key Facts document which is available at . If you call us about the cover, we'll also explain these exclusions to you over the phone.
Asda Instant Life Cover is provided by Ageas Protect Limited, which is authorised and regulated by the Financial Services Authority (FSA registration number 473752). Asda Financial Services is an introducer appointed representatives to Ageas Protect Limited for Asda Instant Life Cover. Asda is a trademark of Asda Stores Limited.
About Asda Stores Ltd.
Founded in the 1960s, Asda today is one of Britain's leading retailers. It has over 170,000 dedicated Asda colleagues serving customers from 424 stores, including 25 ASDA Living stores, 23 depots and eight recycling centres across the UK (Great Britain and Northern Ireland). It has its main home office in Leeds, Yorkshire and its George clothing division based in Lutterworth Leicestershire. Asda serves over 18 million shoppers a week in store and its growing home shopping business serves over 97 per cent of UK homes.
Contacts:
Asda Financial Services
0207 0821194
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Datum: 15.05.2012 - 16:45 Uhr
Sprache: Deutsch
News-ID 146815
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contact information:
Town:
LONDON, UNITED KINGDOM
Kategorie:
Insurance
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"New Parents May Want to Think About Life Insurance"
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