Investing In Insurance Policies to Protect Your Family

Personal finances tends to be a subject that dominates the majority of parents’ thoughts. Why? Well, we’re inevitably going to be concerned with our income, whether it will meet necessary bill payments, whether it will be able to support our family’s lifestyle, and what luxuries it allows us to afford for our little ones. However, it’s important that we don’t simply dwell on the present when it comes to money matters. We have to think about the future too. Unfortunately, we can never be certain what the future holds for us and we need to be able to cover the costs of any negative situations that may arise. This is why it’s so important that we take out comprehensive insurance policies. These help to protect us against misfortune and secure our loved ones’ futures, even should the worst happen! So, to get you started on the right foot, here are just a couple of different types of insurance that you should seriously consider investing in.

Investing In Insurance Policies to Protect Your Family - girl on a bike with parents image

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Car Insurance

Now, if you have a family vehicle, insurance is a legal necessity. But many families do skimp out and simply grab the lowest cost cover available to them in a bid to save money. Sure, you should seek out low cost cover, but you need to make sure that it meets all of your needs too. So, use a site like http://www.cheapautoinsurance.co/ to input what you need from your cover and find the cheapest deals that meet your needs and requirements. Ideally, you should be protected against fire, weather, and vandalism, as well as on-the-road accidents.

Travel Insurance

Increasing numbers of us are spending longer periods of time abroad than ever before. Though prices may well increase during the school vacations (as travel agencies tend to exploit this being the prime time for families to get away), we are still able to take advantage of fast flights and low cost accommodation across the world. Now, we are all aware that we should invest in travel insurance before heading overseas. After all, we want to protect our belongings. However, travel insurance can also provide us with something more valuable – medical cover and transportation in worse case scenarios. Medical treatment overseas can cost a lot, with even minor procedures and treatments generating multiple figure bills. However, if something worse were to happen, chances are that you’d be given higher intensity treatment. If you were to pass, the bills for this would pass onto your family. Avoid this by ensuring that your medical cover on your travel insurance is extremely high. You should also take a look at policies that cover the cost of transporting a body home should disaster strike, and the worst happen.

Hopefully, this has helped you to start thinking about the different types of insurance policies that could greatly benefit your family in the long run. While it’s important that you ensure you are getting by at the moment, you should always bear the future in mind too!

How to get your child organized for school.

Kids are a beautiful creation. Most parents will admit that a day without their mini human beings is quite boring and dull. Nevertheless, as much as they brighten their world most of them generate chaos and disorganization wherever they go. Which is why parents should ensure they help their kids get organized for school. Doing so is key to helping them do well not only academically but also in life which is why we put together a list of tips to help parents get their children organized for school.

How to get your child organized for school - morning image

Daily planner

One way to get kids ready is to ensure they are aware of the events, deadlines, and appointments that they will have from the first day of the term to the last one. That helps ensure that they prepare mentally for any teacher appointment, educational event and also the closing day so they can work towards better performance. Besides recording what will happen during the school term or week encourage them to write about their day at school to help them with their memory. Additionally, if they write about what their day was like you will be able to know how their life in school is like, whether they are being bullied and also what they think of their teachers. The best way to do so is by giving them a daily planner in which together with the parents, they can record this information and be looking at it whenever they need to remember what’s required of them. There are many daily planners out there, but none meets that purpose like toad diaries. It can be customized according to fit your child’s needs and comes in various sizes and cover design so it can make the planning process more fun and memorable such that when your kid forgets something they can quickly remember to look at their diary.

Prepare them for the next day using Sticky notes

No matter who their parents are or where they come from, most kids have one thing in common, and that is they are hyperactive. That means, they quickly forget things and they rarely concentrate on one task. In respect to that, it is easy for them to overlook what you helped them record in their toad diary and make their day go south. However sticky notes can help prevent such occurrences. Asking them to write a reminder for the next day’s activities and lessons prepare them for what is in store while at school and prevent them from losing focus. To act as a reminder, ask them to stick the notes on the mirror, doors and more importantly on their desks while at school to ensure that they stay organized and focused on their studies. Whether they have a spelling test, an academic contest or games, recording all these in a sticky note will help them remember whenever they see it sticking out on their desk and as such prepare for it.

In addition to the sticky notes, ensure they are ready for the next day by monitoring them as they pack their bags every evening after they are done with their homework. Ensure that whatever they need is in there, so they don’t forget to bring it to school and cause them a rough day with the teachers.

Assignments

Another way to ensure that your child’s day at school runs smoothly is by making sure that their assignments come home and they finish them in the evening. They should begin with the tough ones so you can help them out if they need assistance and then leave them doing the rest. Also be sure to check out the previous day’s homework to see whether it made it to the teacher’s desk. Also, create a specific study area where they cannot be distracted by the television or other kids in your house to help them concentrate.

Praise them

Don’t just scold your child whenever they fail to be organized instead try and look at the situations when they get it right and praise them for it. Praise them for finishing their assignments on time, when they manage to create their sticky notes on their own or write about their day in their toad diary. Praising them continuously will encourage them to be more organized but criticizing will only make them afraid of you and no parent wants that kind of relationship with their child.

Teaching Your Children About Death

 Teaching Your Children About Death - family at sunset image

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Death is a difficult concept to learn, and it can be hard to know what to say to your child when you lose a loved one. It is how you approach the topic and explain it that will determine how much your child understands, and here are some helpful tips:

Use Simple, Clear Words

If you have to break the news of a family member to your child, make sure to say it as clearly as possible. If you use words like ‘passed’ or ‘is no longer with us’, the child may not fully understand the implication of your words.

Put Emotions Into Words

Talk about how you feel and encourage your child to do the same. It will help them be aware of the grief they feel and be comfortable that what they are going through is normal.

Tell Them What To Expect

If the death of a loved one will cause a change in your child’s routine, explain to them what they should expect. For example, if they used to visit grandma each Friday after school, let them know that instead, grandpa will visit or an aunt will. Preparing your child for changes in their life will make it easier when the time comes that they would normally be with that person.

Teach Them About Funerals

Your child will want to be involved in the process, so let them come along to meetings with funeral directors, viewings and explain things about the day. Let them know how the day will unfold and what to expect. You can let them know that lots of family and friends will be there to remember grandma, and there will be flowers and music. People might cry, but that’s ok, there’s nothing to worry about. Giving your child fair warning of what to expect will make the day run much more smoothly and enable them to cope.

You May Need To Explain Cremation Or Burial

Watching a body being cremated can be a confusing and traumatic event for a child. They don’t understand the purpose of burning a body. You will need to explain that they are doing it because it will allow you to bring them home. If it’s a burial, explain to your child that this is the final goodbye, but you can visit as often as you like.

After the service you’ll want to explain that the wake will usually be a way for the family and friends to cheer themselves up after an upsetting morning. People might laugh, eat and dance in honour of the deceased.

Give Your Child A Role

One great way to help your child deal with grief is to give them the opportunity to help out with planning the funeral and things on the day. You may let them learn about finance by letting them help you plan cheap funerals, or maybe give them the creative control over the flowers- letting them choose the colour and designs. Small things like these will make your child feel useful and keep them busy.

Child Life Insurance

There has been quite a bit of press recently on the subject of child life insurance. It is understandable an emotive subject. No parent wants to contemplate something happening to their child, but rather like making their own will or having adequate coverage themselves, child life insurance can provide peace of mind. Consequently, more and more life insurance companies are offering child life insurance whether as a separate insurance contract or as an additional benefit for those people that buy life insurance policies to insure their own lives.

Advantages of child life insurance

Purchasing child life insurance has some advantages that could be taken into consideration.

Future Planning – First of all, the average price of child life insurance is just £5 a month. For £60 a year the parents can buy the child a guaranteed insurability option in the future. After the child reaches adulthood, he or she can buy a new cheap life insurance policy from the same life insurance provider or renew an existing one usually at a lower premium than a new customer.

Family Illness – Similarly, child life insurance can be useful where there may be a long family history of illnesses such as diabetes or heart attack. It can provide a solution to finding affordable cover as an adult.

Financial Planning – Some child life insurance programs have saving options attached to them. This means, that a fraction of premiums are used to save the money and invest them. This sum saved can be used for children education or to cover living expenses.

Disadvantages of child life insurance

Critics argue that life insurance for children is an unnecessary thing and life insurance providers are looking to take advantage of parents that love their children.

Lost Income – Traditional adult life insurance provides cover for loss of income and in general children do not generate any money. Therefore unless they are future sporting or acting stars covering their lost earnings will not be necessary.

Other critics will argue that a person does not necessarily need life insurance until he or she takes out a mortgage or becomes married with children of their own. Until that time a person will usually be working and, as a result, many jobs will insure him / her. Therefore, they believe that guaranteed insurability option, mentioned above, is not necessary.

Free Healthcare – Unlike other countries where a long illness may run up substantial healthcare bills, in the UK this is unlikely to happen.

There is an interesting article on the topic of this and what happens to students loans on the Guardian US Money blog

Advice for choosing child life insurance policy

For those parents that decided to buy life insurance for their children after all, experts offer some advice. First of all, often the cheapest option is to buy a term life insurance contract for 20 years. What is more, it is advisable to make sure that the contract is renewable and convertible into whole life insurance policy. Furthermore, some life insurance companies do not offer child life insurance cover and a result it is wise to consult a financial broker.

The Lloyds of London’s website is a good place to start.

Last but not least, it makes sense for parents to be insured themselves fully first. One of the biggest mistakes is that parents search for life insurance for their children when they do not have life insurance themselves.