We’ve said it time and time again, life insurance is important for everyone, not just the primary breadwinner in a family. Working or stay-at-home, life insurance is especially important for moms and dads, because they have people who depend on them.
Moms, we’ve got the answers as to why you specifically need life insurance.
Why Does Mom Need Life Insurance
The title of mom comes along with multiple job roles: provider, chef, teacher, driver, fight referee, nurse and the list goes on and on. Moms cover numerous roles, whether they are working or stay-at-home.
If something was to happen and you could no longer provide all of those things to your family, who would? Your family may have to bring in outside help, typically at a cost. A recent survey estimates that a stay-at-home mom has a yearly salary of $112,962. A life insurance payout could cover that amount as well as funeral costs and bills. If you work outside of the home, be sure to take that into account.
If You're Healthy, It's Not Expensive
Life insurance isn’t that expensive for women, because they have a longer life expectancy than men. So life insurance rates are already inexpensive. If you’re young, and in good health, rates will be even lower.
If you are thinking of starting a family, secure a life insurance policy before you get pregnant. If you wait until late in a pregnancy to apply for life insurance, rates could be higher due to possible complications.
It can be hard to think about life for your family after you are gone, and it can be especially hard to put a monetary value on all you provide for your family, but it’s an important discussion to have. To be as accurate as possible, try using a life insurance calculator to determine your financial contributions.
Moms, get an online life insurance quote now.
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