Parents need life insurance more than anyone. This issue should be at the top of a single parent's priorities. It's a very sensitive aspect, especially because often the economy is not enough to make ends meet.
Many anxieties are experienced daily in a home whose financial support comes from that single person. If you are in this situation, you will perfectly know the multiple obstacles that are encountered during the child-rearing.
Now, amidst all the hustle and bustle of work, home, and raising your baby, ask yourself the following. What will happen if you suffer a fatal accident or are diagnosed with a serious illness? What will happen to your family's financial stability?
Precisely, to answer that and so many other related questions, we are here at Dulcinea Insurance. Contact us by phone 786-910-9487. We offer completely free advice and personalized service on the best life insurance in Florida.
Single and married parents: everyone needs life insurance
Much has been published regarding the importance of married parents having life insurance. In fact, recent data from a study conducted by Insurance Barometer Study by Life Happens This is confirmed by the fact that 82% of respondents stated that the life insurance It is fundamental for married couples with children.
On the other hand, only 60% of % respondents considered it important life insurance for single parents. In practice, it's evident that in both cases, life insurance is required to protect the family. Moreover, our agents agree that single parents have a greater need for life insurance.
We invite you to carefully analyze your current situation. Evaluate the following example. If something regrettable happens to you and it leads to a fatal outcome, your child will be left adrift.
Of course, you wouldn't want your little one to have to continue their path economically helpless. It's a difficult decision, we know, but it's the ideal time to make it for the sake of your descendant. Here we help you think clearly so you choose the right path.
What life insurance policies protect single parents?
We insure your life through various plans. Here you can find, among others, the Term life insurance and to permanent life insurance.
The first of them offers you limited coverage; it only protects you during the agreed-upon time. It's a good option for when your children are in the middle of their growth process.
Your policies can cover terms of 10, 20, or 30 years as you request. A positive point is the cost to pay: prices can range from $15 per month to $30. Generally, this type of term life insurance is affordable for customers with average incomes.
With permanent life insurance, you will guarantee protection for your entire existence. Through it, you will be able to save your money significantly. Later, when you need it most, the insurance company will give you the option to withdraw it. Permanent life insurance is more expensive than term life insurance but has more advantages for the customer.
Choose your beneficiary wisely
Before you make the final decision about your beneficiary, remember that insurance companies will not pay your child directly if they are under 18. It is not legal to do so. Keep in mind that you can name more than one beneficiary if you deem it appropriate.
If you name your child as the sole beneficiary, you will need to designate an adult custodian for the policy. When your child reaches the age of majority, they will then receive any remaining unused portion of the money.
Don't make the mistake of foregoing a custodian for the policy. If you pass away, the court will appoint someone to manage your child's money. In many cases, the process is lengthy and costly.
Here at Dulcinea Insurance, we await you to change your life positively. We have the best Life insurance for single parents.
