In the first part of our blog series on Life Insurance, we discussed the importance of securing a life insurance policy if you are married or in a long-term committed relationship. We also addressed some of the most commonly held misconceptions about life insurance, which our team at Bearingstar did our very best to start to dispel by offering specific examples of why life insurance is:
At Bearingstar Insurance, we passionately believe that life insurance is extremely important to have – and worth the time investigating – no matter what chapter of your life you find yourself in today. That’s why we would like you to now consider how the right policy can safeguard the most important people in your life beyond your partner – your kids.
Even if you don’t yet have a family, or you’re not sure children are in your future, we hope you will keep reading this blog because you never know if/when this exciting adventure could be in your future.
If the sounds of little footsteps fill your home, or are about to, life has certainly taken a 180 on you, hasn’t it? There is no doubt that balancing work and family life is a challenge, and that having kids doesn’t leave much room for other things, including quality time with friends, pursuing your own personal interests, and, perhaps the most important, financial planning.
One of the components of planning a financially secure future, that can fall through the cracks for many parents, is buying a life insurance policy. Below, we have shared Bearingstar’s key reasons why we feel that, as parents, getting the proper life insurance policy in place should be one of your highest priorities:
It’s also important to understand that it is not just the breadwinner in the family that should consider purchasing a life insurance policy. Millions of households in the U.S. “employ” non-working parents. We’re sure we don’t have to tell you that this person is a critical member of the household, providing invaluable service to every member of the family. In fact, Salary.com calculates that it would take an average of $113,000 to outsource all the activities that a non-working parent is responsible for, including caring for the little ones, paying bills, keeping the house in order, grocery shopping, and the list goes on. Paying these expenses out of pocket could be unaffordable for a surviving spouse, so Bearingstar thinks it is essential to ensure that your family is financially protected through optimal life insurance coverage for a non-working parent as well.
We have much more information that we would like to share with parents – both married and single – in order to help you better understand life insurance basics and beyond. More important, working with the local team at Bearingstar Insurance, you will find that the process of getting the right life insurance policy for your needs will be simple and cost-effective. Contact us today for more information or visit us at any one of our convenient Massachusetts or Connecticut offices.
We Hope This Brief Explanation Will Make The Insurance Process Simpler For You!
One of these policy types could be the right life insurance option to meet your needs as a parent, but which one? The first step towards ensuring that you choose the optimal policy is to work with an insurance agent who will take time to understand your financial situation and explain all your life insurance options in easily understandable terms. For help finding the right life insurance policy for your unique life, please contact Bearingstar Insurance.Back to Blog
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