As you welcome your little one, it’s important now more than ever to have a life and disability insurance coverage for you and your spouse.
Think of it as a way of preparing your baby to have access to all of the things he or she needs, even if you can’t be there to share those moments. Life and disability insurance is one of the simplest, yet most powerful gifts you can give your baby, because preparing a life insurance plan grants your child a bright future with the financial resources he or she will need.
If you are pregnant or have just had or adopted a child, life insurance is a great way to protect your new child and growing family.
The purpose of preparing and having a good life insurance policy is to provide necessary income for your family in the event of your death or disability. But for pregnant women and men with growing families, preparing and obtaining affordable life insurance without professional guidance can be a financial challenge.
Who Should Be Insured?
Most people understand that the loss of the primary income earner significantly hurts the family financially. However, many underestimate the financial impact of the death of parents who don’t work outside the home. It’s very important for the family to have life insurance on stay-at-home parents as well. The financial cost of replacing all that homemakers do is often shocking to the surviving spouse.