If you're a single parent, life insurance is one of the most important purchasing decisions you'll ever make. In the case of the unexpected, life insurance policy proceeds will help fund of the future needs of your children and their education and other accounts when you die. Because you love your children so dearly, you won't want to suffer any financial when you die. Therefore, you need life insurance. Life insurance provides cash to your family after your death. This money (known as the death benefit) replaces your income and your children needs many important financial as funeral costs, daily living and college financing can help.
Please bear in mind that as a single parent, the father and the mother. You want the best education for your children.It is surprising that nearly 4 in 10 single parents have no life insurance, and many with coverage that they need say more than they have. with so much responsibility on your shoulders, you must have double that you have enough life insurance your children's future.
Don't think you don't need life insurance.Most single parent Americans need life insurance. to find out that if you need life insurance, you need to think the worst-case scenario.If you died tomorrow, how would your children you have labored so much to raise tariff financially?
Would they may have to pay for your final cost (e.g., funeral costs, medical bills, taxes, debt, lawyers ' fees, etc.)?Would they be able to meet ongoing living expenses such as rent or mortgage, food, clothing, transportation, health care, etc.?What about continuation of their education? Will they have the money to pay for their college education?
The truth is that if you do not plan for the future of your children, they will not endure when you're there to ensure expenditure. life insurance takes care to ensure that your children will be provided for financial, even if you do not to care for themselves.
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