Starting a family

Congratulations, you are going to be a mommy or a daddy. You buy prams and baby seats and mountains of nappies and wonder how on earth you are ever going to care for your baby. If it is advice you are after then this is what you need to know about buying your baby the financial protection it needs.

First stop for any parent-to-be is life insurance. Stop for a moment and think about how your partner or spouse would raise your child without your salary. Sure, they might get by, but at what cost? Good schools and neighbourhoods are expensive and so is private medical care. Enter your life insurance pay-out, the funds your partner needs to give your child everything of the best.

Also on your to do list is dread disease cover. Serious illness is expensive. Dread disease cover gives you the funds you need to cope with serious illness without compromising your family’s finances.