I want to insure my older children, both are male, one is 19 years old and just gone off to university and the other is 22 years old and a budding actor currently working in the West End. They both want life cover and accident insurance but at the moment can not afford the premiums so I said I would pay for them. They think £100000.00 life cover would be enough but are not sure about levels of cover for accident insurance. I said I would cover the insurance premiums for 10 years after which time they can review levels and pay their own premiums.
Is there a cheap health insurance available for them, or even better, a combined health, life and accident insurance we could consider.
I also have a 30 year daughter who has not bothered to take out any life or accident insurance. Is it cheaper to have all family members covered under one policy ?
Any advice please