The birth of your child is perhaps the most beautiful moment in your life. Just as soon after giving birth a lot of new parents come to see you as brand new parents. As parents, you feel responsible for the welfare of your son or daughter. So you wonder if you have arranged everything well if you happen something. You may not think of it right away. But what about one death insurance take out insurance at birth your child? For the money you do not have to leave it because it can be for a few euros per month.
In this blog you can read more about why you can choose insurance for such a death insurance policy. I also show you how you can calculate how much a life insurance policy will cost.
What is a term life insurance policy?
A term life insurance policy is an insurance policy that ensures that the surviving partner has no financial worries in the event of death. This insurance therefore pays out a pre-agreed amount if one of the partners dies.
This way you can determine the amount of the insured amount yourself.
For example, you ensure that your partner can pay the mortgage, the children can continue to work and that you can continue to live in the same house. But also that there is enough money to allow your child to study later. And that there is enough money to have no financial worries.
Take out a death insurance policy at the birth of your son or daughter? This is a good time to make sure that your family leaves a nice amount if something happens to one of you.
There are three types of life insurance policies:
Constant, linear decreasing and annuity (annually) decreasing. The form you choose will affect the premium you pay and the amount you ultimately receive.
Why take out a life insurance policy when your child is born?
Taking out a life insurance policy at the birth of your child will ensure that you leave the surviving partner and your child a nice amount after a death.
As a brand new parent you will feel that sense of responsibility for your newborn baby. You realize that you want the very best for him or her. You ask yourself what if I die, what happens to my family? It is wise to talk about this together with your partner. You can then check online what a death insurance policy will cost in your situation.
Calculate the premium for a term life insurance policy
A number of things affect the premium of the term life insurance. You can think of your age, or the person you want to insure smokes, the duration and amount of the insured amount. As a non-smoker your premium will be lower compared to a person who smokes.
Insurance life insurance policies have become a lot cheaper in recent years. This way you can already take out insurance for a few euros per month. You can easily calculate online the amount of the monthly premium via various websites.
Example calculation of mortality risk insurance
- Imagine you are 30 years old and you do not smoke. You want to take out a life insurance policy for a period of 30 years with an insured amount of € 250,000. This death insurance costs you, on a constant insured amount, on average € 17 per month! This way you can be sure that you leave a good amount to your family.
- Imagine you are 30 years old and not a smoker. You want to take out a life insurance policy of € 100,000 for a period of 30 years. This term insurance policy will then cost you at a constant insured amount, on average € 9, - per month!
This is a very good time to think about this and conclude a death insurance policy at the birth of your child!
This is a good time to think about this and conclude a death insurance policy at the birth of your child!