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The Life Insurance Blog

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


Single Parents And The Cost of Term Life Insurance

Jun 30, 2014 7:36:00 AM

As a single parent, you have a full plate. From carpools to homework, it can be tough to think big picture when your daily schedule is so demanding. It is important, however, to take some time every once in a while, to plan for your future, as well as your children’s. A great place to start is with your life insurance needs.

single parentDo you currently carry life insurance? How much coverage do you have? Who is your named beneficiary? If you have term coverage, how long will it last? If you cannot answer these questions, it’s time to get reacquainted with your life insurance coverage - or lack of coverage. As a single parent, you face heavy financial responsibilities. Ask yourself what would happen if you could no longer provide. Would a family member be able to step in? Could they afford to support your children? This is precisely why it’s so important to carry life insurance. If you’re one of the millions of Americans under the misguided impression that you can’t afford coverage, we urge you to take a closer look.

The Cost of Life Insurance

Here at IntelliQuote, we speak to consumers daily who are surprised to learn that they have overestimated the cost of term life insurance. In order to determine how much coverage you will need, there are several factors to consider. Do you plan to put your children through college? How much will it cost to maintain their current lifestyle? In order to make this process a bit easier, we have developed the IntelliQuote Life Insurance Calculator. Simply provide some basic information and calculate how much coverage you need.

Once you have a rough estimate of your life insurance needs, simply complete our quote request form. In a matter of minutes, we will provide a comparison of top-rate life insurance policies, including estimated monthly premiums. Have questions? Your personal advisor is on hand to provide answers and further explain your options.

As a single parent, raising your children is the most difficult, yet rewarding, job you will ever have. Why not give yourself the peace of mind that your children will always be taken care of, even if you are unable to be there? If you’re ready to learn more about your options, we encourage you to request a life insurance quote today.

Would you like more tips and insight on the current cost of term life insurance? Follow our blog! Here we address the topics and product developments that are shaping the life insurance industry. While there, be sure and read these recent related posts:

Is Your Employer-Provided Life Insurance Right for You?

5 Factors that Can Equate to Higher Life Insurance Rates 

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