M
misspolly
Guest
Hi
I am looking to put a life policy in place, €400k joint cover, myself and hubby, indexed, for 25 years.
We have 2 kids ages 2 &1 & another on the way and we are both 36.
I have been back and forth on whether to pay extra for a convertible (instead of level) life policy. I figure that after 25 years (we are both 35) that the life cover will be so prohibitively expensive anyway, at that point, that there is no point in going for that. I dont see us continuing to pay life cover beyond when we need to.
Am i missing something vital in my reasoning? Should we be planning to extend cover in which case I should take convertible now. Is it better to have convertible in case of ....something?!! I don't know! Any help appreciated.
I am looking to put a life policy in place, €400k joint cover, myself and hubby, indexed, for 25 years.
We have 2 kids ages 2 &1 & another on the way and we are both 36.
I have been back and forth on whether to pay extra for a convertible (instead of level) life policy. I figure that after 25 years (we are both 35) that the life cover will be so prohibitively expensive anyway, at that point, that there is no point in going for that. I dont see us continuing to pay life cover beyond when we need to.
Am i missing something vital in my reasoning? Should we be planning to extend cover in which case I should take convertible now. Is it better to have convertible in case of ....something?!! I don't know! Any help appreciated.