As parents, we all want the best for our children, giving them opportunities that will help them grow into strong, well-rounded adults.
But what if something happened to you and your kids had to be cared for by someone else?
What if this person was elderly and had already settled into retirement? Or what if they were already struggling financially and couldn’t provide the things you would like your kids to have?
No one likes talking about their own mortality but it is a fact of life. And families – whether single or two-parent - need to ensure they have safeguarded their children’s future.
‘Who will look after my children when I am gone?’ and ‘will they be financially able to do so?’ are no doubt just some of the questions that keep you up at night, especially if you have no support from a spouse of partner.
The exact questions that Niamh from Skerries, a single mum-of-three who, up until recently didn’t have life insurance, had to answer.
Knowing her parents would take care for her kids in the event of her death, she had to have a financial plan in place to give them a hand.
“My dad is still working two jobs, and passing the financial pressure to my parents if something happened to me is not something I am willing to do,” Niamh explains.
Unsurprisingly, Niamh wants to ensure her children won’t miss out on opportunities even if she isn’t around; from school to normal teenage activities, the mum-of-three wants her kids to know that she will always look after them - whether she is here or not.
“If I’m not around someone needs to be able to put them through school and even my sixteen-year-old to buy him his first car – all the things that a parent would be doing if they were here,” she added.
Like so many others, Niamh thought life insurance was something that she simply couldn’t afford - a belief that was quickly dispelled following a short conversation with Laya Life.
“It’s affordable; for about €10 a month – that’s two coffees. I am now securing my kids’ futures.”
Laya Life understands that life insurance can be complicated, so we want to keep things simple.
To apply, just answer a few straightforward questions to see whether you’re eligible. For more information on whether you need life insurance, visit www.layalife.ie.
There’s no medical required, and there’s a 10% discount for signing up online and an additional 10% if you’re already a Laya healthcare member.
Your Insurance is provided by IptiQ Life SA. Laya Healthcare Limited trading as Laya Life and Laya Healthcare is regulated by the Central Bank of Ireland