With more than 50% of all marriages ending in divorce life insurance is an important piece for the future of the child/children involved. Every parent knows that there are many challenges you will face while raising children. It is especially difficult if you're a single parent along the way whether it is the death of a spouse or a divorce situation. On a daily basis, there are things that happen as they should be getting off to school, going to work, cooking, cleaning, pay bills, laundry and bath time and bedtime just to name a few. It can sometimes feel overwhelming, but still we (and I say we, because I am a single parent of a 4 year old son) still manage to work through it.
What many parents don't realize within their hectic schedules is something that is of the utmost importance-what is happening with your children in the event that you suddenly pass away? I believe me that it's not a pleasant thought know, especially when you are literally raising your children on your own with little or no help.
Speaking from personal experience if I want to make sure that my child is well looked after in the event that I pass away prematurely one parent. I can't say that I haven't slowed down on many occasions and there always was that "oh I'll get around to it" because I felt that I was just too busy to take an exam.I'm here to tell you that this is a detail that should not be delayed, you never know what tomorrow will bring. I finally a policy (with no exams) and I can tell you that I feel very much better to know that my child is going to have money for his education in case I'm not here to support him personally. The process took literally minutes and it is so worth the peace of mind it gives you.
There are all kinds of policy which, together with different prices depending on your health, hobbies, age, gender, amount of coverage and the term length. do your research and choose what's best for you and your family. I opted for term life insurance, because it is, frankly, the least expensive and very easy to obtain, often with no exams. In this day and age with the Internet takes minutes to get and term life quotes from many top quality carriers with just a few simple questions and the click of a button to compare.
In the case of a divorce is the non-residential parent to obtain life insurance is just as important as the residential parent.Non-residential parents often times to contribute in certain aspects of a child's upbringing such as child support, education, medical payments and maybe even some extra-curriculars. She often times may not be as much coverage, but it is just as important for them to get a policy as well.Talk to your ex-spouse to determine the type and amount of life insurance coverage.
Especially look at your life insurance needs and contact an America Direct agent. our agents can work with you to determine how much coverage you need based on your personal situation.
With the uncertainty of our economy, it is important to ensure financial future of your family. give yourself peace of mind and your family financial stability and getting life insurance today!
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