|
|
|
|
|
 |
 |
Sign
up!...and earn cash back rebates and
discounts every time you shop online
with us... |
 |
Shop
at any of our Name Brand and we will
pay you
Cash
Back up to 40% on every purchase
Pay
less than if you go directly to the
SAME STORE |
 |
...to
get coupons and coupon codes that will
save you
cash additionally |
|
|
|
|
|
|
|
Already a customer click here
|
|
|
|
|
|
|
|
Do Newborn Babies Need
Life Cover?
|
The insurance
industry has developed the concept of
life cover for newborn babies to enable
parents to give their children a financial
head start. Life cover for newborn babies
is reasonably priced, and enables parents
to pay for hospital treatment in case
of illnesses, accidents, or disabilities,
or burial costs in case of sudden death.
Policies for newborn babies can be for
a lifetime or a term of 10 years or 15
years. till the child has become an adult. |
|
New insurance
policies are being developed to deal with
the growth in the insurance sector. Evidently,
many people have already bought life policies
for newborn babies. If you plan to purchase
such a policy, look carefully before you
sign. |
|
Life insurance
is an economic instrument that provides
a financial cushion in case of accident
or death. Its value for a newborn baby
is doubtful, because life insurance is
used by the breadwinners in a family to
create savings for their dependents in
case of their own injury, illness, unemployment,
or sudden death. Life insurance policies
enable the surviving family members to
pursue their life after the death of the
breadwinner in the family. Life insurance
policies would enable the surviving family
members to pay off debts and mortgages,
and pursue higher education, to enable
them to get a good start in their own
lives. A life insurance policy to pay
for the needs of a newborn child, who
is not yet part of the workforce, seems
unnecessary. |
|
| |
Moreover,
many unscrupulous people have been known
to get helpless people insured, name themselves
as beneficiaries, and then do away with
the insured party-this is a staple of
detective fiction. What if someone unscrupulous
were to do the same to an infant? There
have been several cases of severely disturbed
women ill-treating and even killing their
own children. Life cover for newborn babies
would simply give similarly inclined people
an excuse to commit murder. | |
|
Most experts
advise against the purchase of these policies
because of their low face value. Term
insurance policies for newborn babies
are targeted at setting aside enough funds
to pay for a college education. However,
further education plans might be more
suitable financial instruments. |
|
Financial
experts have discovered that parents spend
a lot of money to insure their children,
with little or no financial benefit. Parents
should, instead, buy more insurance for
themselves, to get an immediate tax benefit,
and invest in further education plans
for their children. |
|
|
|
|
|
|
|
|
|
|
|