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Life insurance
Icy2408
Posts: 3 Newbie
Hi,
I'm new on here and I know it sounds awful but am looking for life insurance for my 11 year old little boy. My mum, sister and I were all insured when we were children and I received money at 18 and 21. I hate thinking about it but you really don't know what can happen in the future. Does anyone know who insures children please?
Thank you.
I'm new on here and I know it sounds awful but am looking for life insurance for my 11 year old little boy. My mum, sister and I were all insured when we were children and I received money at 18 and 21. I hate thinking about it but you really don't know what can happen in the future. Does anyone know who insures children please?
Thank you.
0
Comments
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You are mixing a couple of things up.
A generation back, endowment policies existed as the long term regular contribution savings product. The life assurance was a by product of how they worked for tax reasons. It wasnt to protect a child in the event of death.
If you want to put money aside nowadays you would use a Junior ISA or a stocks and shares ISA (or a few alternatives depending on amounts).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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