Hi,
Just found out that one of my kids might need financial support for the rest of their life. Of course I'll happily provide but thinking about what happens if I die, my wife works in PS so doesn't earn a lot and I've got 4 kids, don't own a property and only a small war chest.
I've got a personal life insurance policy for £1m and wanted to increase it £2m. Thought I should take out the second policy with a different provider rather than putting all my eggs in one basket.
Any one else done something similar? Planning on going to an IFA to get it done properly but thought it would be useful to get some insights on here.
Thanks
VC
Just found out that one of my kids might need financial support for the rest of their life. Of course I'll happily provide but thinking about what happens if I die, my wife works in PS so doesn't earn a lot and I've got 4 kids, don't own a property and only a small war chest.
I've got a personal life insurance policy for £1m and wanted to increase it £2m. Thought I should take out the second policy with a different provider rather than putting all my eggs in one basket.
Any one else done something similar? Planning on going to an IFA to get it done properly but thought it would be useful to get some insights on here.
Thanks
VC
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