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New parents

 

Very few first-time parents are taking out or reviewing their life insurance policies. And that could be a terrible mistake.

First-time parents are taking a big gamble, many not taking out life insurance or reviewing their existing protection in preparation for the birth.

What’s perhaps most alarming is that it’s not simply a matter of cost. In fact, pre-baby spending is up with many admitting they had bought things they don’t need or use.

So why is ignoring life insurance such a potentially costly mistake?

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Money tips don't grow on trees: 6 alternative money tips to teach kids

Find out how to teach your kids about money...

How often have you told your kids that “Money doesn’t grow on trees”?

Your parents told you this every time you asked for extra pocket money, their parents did the same and now you find yourself yelling it at every request for money.

Most parents are worried about whether the next generation will be able to manage their own money. Many think it will be easier for their children to get into debt than it was for them, and some believe their children will be less able to handle money than they are.

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Life Insurance

Do I Need Life Cover? Simply put – If someone would suffer financially on your death then you need life cover. Please see below the different categories of people who need life cover.   1. Parents 2. Couples with no children 3. Self Employed 4. Retired 5. Single with no dependents  A) Parents As you

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