We are thinking about starting a family. Is this a good time to invest in Life Insurance?

Tom

Houston , Texas

Great Question Tom,

You should start thinking about buying a life insurance policy if you have children under the age of 18,or if you are just in the family planning stages. Life insurance is also a good idea if you have adult children who for one reason or another still rely on you financially.

If your family depends on the money you earn, buying a life insurance policy is one way to ensure they’ll continue to receive financial benefits even after you die. But what if you’re a stay-at-home mom or dad? You technically don’t earn a paycheck so you don’t contribute financially to the family.  All the more reason to have Life Insurance policy to cover them should anything happen to you.

Your loss of life will be felt in other ways. Take a moment to think how much it would cost your surviving spouse to hire all the services you provide on a daily basis: personal chef, scheduler, errand runner, event planner, financial planner, tutor, and all the other roles you play in your family’s life.

Life insurance can help your surviving spouse cover these expenses so your family can continue with the quality of life to which they’ve become accustomed.