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Insurance to pay child maintenance
DropDebtFred
Posts: 82 Forumite
Hi
Do any of you know where to look for a policy that I can take out so that my maintenance payments are taken care of if I am no longer here, or in a different case cannot work any more.
I just want to know that my boys will be taken care of, if I am not able to.
I've searched the forums and internet, but not found anything I think is suitable.
Thanks in advance
Do any of you know where to look for a policy that I can take out so that my maintenance payments are taken care of if I am no longer here, or in a different case cannot work any more.
I just want to know that my boys will be taken care of, if I am not able to.
I've searched the forums and internet, but not found anything I think is suitable.
Thanks in advance
1st letters received on 16.02.07 for HSBC, Goldfish, Tesco, RBoS & Lloyds TSB
0
Comments
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I'm not sure you would be able to get insurance of this type- it would probably be against public policy to cover it.0
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Product you want is Life Assurance - Family Income Protection (with or without critical illness cover). This type will pay out a monthly income for the duration of the policy. In your case, you just need to set the level of cover at the level of your maintenance payments rather than your full salary - this will reduce the cost of premiums. Cavendishonline will give you a pretty competitive quote and you can play about with the parameters until you find something you are happy with.0
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Family income benefit matches that need.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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