Mums, it’s time to discuss something that no one wants to think about. We insure our cars, our homes and even the house hold pet. However, it’s also vital to take time out to plan for unexpected events such as accidents, sickness and death. Insuring yourself is an important safeguard for all parents and there are many options to consider when searching for your insurance cover.
A bank will insist that you take out life insurance to pay off a mortgage in the event of your death. However, this cover will only pay for the loan and not the welfare of your surviving family members. This is where additional life insurance cover comes in, in the form of either a lump sum or a monthly income for your family.
Illness cover is also a must for mums. This pays out a lump sum if you are diagnosed with one of a range of specified illnesses. The cover helps with monthly expenses and bills if you can’t work during treatment. It will also relieve the financial stress of travel and other costs during treatment.
Income insurance is another important thing to think about. Think about what your biggest asset is. More likely than not, it’s your income. Your earnings between now and retirement are an asset that should be insured. An Income protection policy will ensure that you and your family can avoid financial stress if you are unable to work because of a long-term illness or accident. The last thing you want to be worried about during an already difficult situation, is how your loss of income will affect the ones you love.
Though they are tough subjects to think about, it’s important to seek financial advice on these covers to make sure that you, your family and your income is looked after, should anything unexpected happen to you. HerMoney has agencies with all the main product providers in Ireland, to find you the most competitive cover and ensure you are offered the best products for your circumstances. To get the best advice, visit HerMoney today or find them on Facebook .