Twin Insurance

[emma1985]

I found this online:

Multiple birth insurance

Advice on when multiple birth insurance cover can be beneficial for insuring against twins and other baby multiples.

If you are concerned about the extra cost of having to raise two or more children at the same time, you may want to consider multiple birth insurance. If the mum's side of the family has a history of twins, this insurance may be worth considering.

Multiple birth insurance, often referred to as twin insurance, is an insurance policy you can buy before you know how many children you are having, that will pay you a lump sum if you give birth to two or more babies.

Multiple birth insurance helps with the additional cost of more than one baby arriving but to take advantage of it you need to apply at a very early stage in pregnancy.

Policies often pay on a sliding scale, with a larger payout if you have more than two children. If there are twin's on the mum's side of the family, the insurance premium will be higher than someone who doesn'y have a family history of twins.

You can use the money as you wish, including:

•to assist in the purchase of new baby items
•investing the money for your children's future

Visit FinanceLink, which is a comprehensive personal finance directory, to find suitable insurance companies for twin insurance. UK Insurance Pages is also a useful resource for suitable insurance companies.

https://www.askbaby.com/multiple-birth-insurance.htm

 

[kat2504]

How ridiculous! You could pay out premiums for years and never have twins. Also by the time you know you are pregnant with twins it is too late for the insurance.

You would be better off putting the money in the bank and saving it in case you do have twins.

 

[emma1985]

How ridiculous! You could pay out premiums for years and never have twins. Also by the time you know you are pregnant with twins it is too late for the insurance.

You would be better off putting the money in the bank and saving it in case you do have twins.

I agree partly, and of course by the time you know its too late, I guess its like betting on a horse, you cannot bet when you know the winner!

I think the policys are about £30 (1 off payment) for a £1500 payout. My friend bought it, had twins and the extra money was well worth it for her.

Not sure we will get it though.

 

[kat2504]

One in 60 pregnancies is twin I believe, at the most.
£30 x 60 = 2400 that they make for each payout of 1500. Actually they will earn more than that because many of the women who do have twins will have a family history. Also they are likely to exclude/charge more for people who have fertility treatment, as this is a common cause of multiple birth.

The odd person may make money off it if they have twins but overall, the insurance company are making a massive profit.

 

[emma1985]

One in 60 pregnancies is twin I believe, at the most.
£30 x 60 = 2400 that they make for each payout of 1500. Actually they will earn more than that because many of the women who do have twins will have a family history. Also they are likely to exclude/charge more for people who have fertility treatment, as this is a common cause of multiple birth.

The odd person may make money off it if they have twins but overall, the insurance company are making a massive profit.

As are most insurances. I do agree with you but thought people may want to see that this insurance is available. x