What Would Happen if You Had to Stop Work To Care For a Seriously Ill Child?

by Dominique Schuh

The Australian share market finished flat on Wednesday, as investors remained focused on the release of jobs data in the United States later this week. In choppy trade - the S&P/ASX200 barely moved, down 2 points (less than 0.1 per cent) to 5759.7, while the broader All Ordinaries Index lost 2.5 index points to 5799.5. In the US the S&P 500 and the Dow Jones Industrial Average swung between losses and gains on Wednesday after a strong private hiring report raised the odds of an interest rate hike next week, lifting bank stocks while dragging rate-sensitive sectors.

What this means for you:
Have you ever wondered what you'd do if one of your children was seriously unwell? Would you have to stop work to take care of them? You may like to consider taking out a Child Trauma Policy, which provides a lump sum payout if your child is diagnosed with a critical illness. These policies are very low cost, but they do provide an injection of funds at a time when medical costs can skyrocket, and one parent usually has to take on a carer role. Policies are available for children aged between 2 and 18, and at 18 they can be transferred into an adult trauma policy.

We've had International Women's Day this week and it's a good time to remember that women make great investors. Statistically, women tend to be more patient with their investments and are less likely to make rash decisions. So what are you waiting for ladies, get out there and make a start!