If you have a baby on the way, you’ll want to ensure you have life insurance.
During the midst of classes, doctors’ appointments, nursery decorating, diaper shopping, and satisfying your food cravings, it’s easy to forget about life insurance while you’re pregnant. However, preparing for your bundle of joy also means that you should help protect your growing family.
Life insurance policies for both parents can help ensure a secure financial future for your little one and loved ones. If one parent were to due, life insurance benefits could be used to help replace that spouse’s income, pay off debts, cover living expenses for the family, or pay for your child’s eventual college expenses.
How much insurance is necessary?
Of course, every family is unique! Needs, financial security, and remaining expenses will be different, too. To determine how much insurance you should purchase, always ask yourself if your surviving spouse would live without your income, and pay off your debts, funeral expenses, and your child’s education. Many families would struggle even a month without the addition income, and that’s where life insurance would step in.
Do we need our own policy?
Your employer may already offer group life insurance as a benefit. However, you may want to consider purchasing additional insurance for your own as your work-provided life insurance may not offer sufficient coverage for your family’s financial situation. When you purchase your own life policy, coverage isn’t dependent on your employment situation!
Are you ready to help protect your family? As you plan for your growing family’s needs, make time to plan for their future needs, too! Life insurance is there to help you take care of your loved ones! Contact Unisource Insurance Associates in Wauwatosa, Wisconsin for coverage to suit your family, budget, and future.