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The Life Insurance Blog

Helping millions of Americans become educated
in making decisions about their life insurance needs

                                                    

Single Parents - Why You Need Life Insurance

May 17, 2013 5:25:00 AM

As a single parent you do everything you can to protect your children. Life Insurance Single Parent IntelliQuote From teaching them good nutrition to helping them with their homework, you’re preparing them for the future. But what about preparing for the unexpected? Have you taken steps to protect your children if you’re no longer able? Having life insurance in place, to provide for your children, is one of the most important things you can do.

As a single parent your children’s welfare rests solely in your hands. Though it’s difficult to consider the circumstance your children will face if you pass away or become disabled, it’s your responsibility to advocate for your little ones. By purchasing life insurance, you can rest assured that your children will be provided for in the case of a tragedy.

Term Life Insurance

Studies have shown that most Americans grossly overestimate the cost of life insurance protection. In fact, a 2012 survey from leading life insurance industry authority LIMRA, revealed that the average consumer believes that life insurance protection costs nearly three times the actual price. If you are not currently carrying life insurance because you fear you cannot afford protection, we encourage you to take a look at term life insurance.

Term life insurance is the simplest and most affordable type of life insurance on the market today. If you’re looking for an inexpensive form of protection, to provide for your children in the event of the unthinkable, term life insurance just might be your answer. Available for as little as 10 years and up to 30, you can purchase a policy to ensure your children are protected for as long as they need support from you. In addition, term life death benefits are available in a wide range of face values, enabling you to select the term and death benefit that best meets your family’s needs.

Not sure how much life insurance to buy? Be sure and read this recent post to help you determine just how much you need:

How Much Life Insurance do You Need? Determining Your Financial Worth

If you’re ready to learn more about your term life insurance options, we encourage you to complete our quote request form today. With no obligation to buy, we will provide a side-by-side comparison of the top term life insurance policies based upon your needs.

Want more tips and guidance on selecting a term life insurance policy? Follow our blog; here we will be discussing the topics and industry developments that impact your life insurance options. While you’re here, we also encourage you to read these related blog posts:

Return of Premium Life Insurance: A Viable College Savings Plan

Preparing for the Unexpected: Get Organized!

Do you currently carry any term life insurance?

How-Much-Life-Insurance-Do-I-Need-to-Buy?