Whether you’re in your 20s or 40s, being a new parent is
one of the most exciting and frightening events that can happen in one’s
lifetime. In one fell swoop, you are
suddenly completely responsible for another human being. Term life insurance can replace the income
needed to cover bills, but it can also pay for hopes and dreams. You want to make sure your new bundle of joy
will always be cared for, even if you aren’t around to do so. Like most types of insurance, you hope to
never need it, but your loved ones will be thankful you planned for the
unexpected.
Not to scare anyone, but $245,340 is the estimated amount
needed to raise a child to the age of 18.
Whether you are single or a couple, are a one-income or dual income
household, this is a lot of money and it doesn’t include the cost of
college. If you were to die
pre-maturely, you need to have a back-up plan for your children. Term life insurance is that back-up plan and
it can fit in most budgets.
Term life insurance is affordable financial protection
and it can be set up to provide enough money to:
- Allow your child to grow up in the home they know.
- Pay for day care, school, and everyday needs.
- Cover college tuition and their future dreams.
The magic of term life insurance is that it can last as
long as you need it to. You can purchase
a policy to last only until your child reaches adulthood, or you could choose a
longer term for additional protection.
Most term policies are also convertible.
Lifestyle needs change and you may decide you would like to have more
than just a term policy. Having a
conversion option means that if you decide you want permanent life insurance,
you can convert regardless of your health as long as you convert before the
deadline on your policy.
Life insurance is very customizable for your individual
situation. While you have various term
and permanent products available, you also have policy add-ons that can
supplement a life insurance policy with more coverage. These add-ons are known as riders. Riders vary by insurance company and by
policy, as do their workings and costs.
If you’re a single parent, it is essential to have life
insurance to protect your child. Some
life insurance is better than none at all, and term life insurance is very
affordable, especially if you’re young and healthy. If you are a couple, both parents should have
life insurance. Even stay-at-home
parents should consider life insurance.
Stay-at-home parents may not provide income, but they save the family
money by being a chef, teacher, daycare provider, housekeeper, and
transporter. Not to mention all the
boo-boos they heal every day.
Make sure those little fingers and toes are protected and
get a life insurance quote today. I know
you’re busy so I try to make it easy for you to get a policy cost
estimate. Just contact me via phone or
e-mail and I will see that you get quick estimate. Or if you interested in a full needs analysis
and want to spend a little time with me, I can fully analyze your situation to determine
what kind of insurance and how much is just right for you. Getting life insurance can sometimes be
complicated because it’s such an important purchase, but I’ll make it as easy
for you as I can and I’ll keep you updated the whole way
Please contact me:
Jon Loveless
Office Phone: 859-498-5714
Cell Phone: 859-585-1638 (leave a message anytime of day
and I’ll call you back)
Email: jon.loveless@kyfb.com
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