It is preferable to save the child after birth than to take out life insurance. Parents can save children to study, or in the future for business or their own housing. This was stated by the professional guarantor for life insurance Ivan Hijpina from the company Universal Brokler House.
“Start saving calmly and the amount of the addition, which is 60 euros. The value of such an investment at the end of the period after 22 years in the stock portfolio for regular investments of 60 euros can also be EUR 47 000 for a revenue of nine percent per year (PA).
It also recommends that parents check the setting of their own insurance contracts. Properly set insurance coverage can protect them in the event of an unexpected event, and will have expenses for their family.
“The birth of a child is one of the other reasons for checking the settings of contracts, because parents are already responsible for the child. If something happened to the parent and had no expenses, the child itself could not study freely. Even sports, as at the amateur level, is costly expensive, “the expert explained.
After savings, parents can subsequently take out life insurance. This can help the family to cover a financial loss due to an injury or disease of the child and consequently his treatment or losing the income of one of the parents who cares for the child. That is why, according to the expert, it is important that the child is also insured, but it does not have to be a separate contract for him.
“The parent can give the child insured to the existing contract or the newly establishing contract to the parents. On the basis of discounts for total premiums, the parent can insure the child to high sums, but for the acceptable premium, “added Hispe.
