2. Consider Insuring Both Parents!
In a large amount of american families nowadays, both parents work or earn money in some way. If so, it’s definitely smart to insure both parents. But, some Moms or Dads stay at home with their children. It’s far less common for that parent to be insured, but they should be! In most cases, the stay at home parent doesn’t earn money, but they save the family a lot of money. By the children not having to attend a daycare, after school programs, or by not employing a nanny or baby sitter, the stay at home parent saves the family thousands of dollar per month in most cases! A smaller term life insurance policy could provide the family enough money to cover the costs of hiring help or sending the children to a daycare in the unfortunate event of that parents death!
You can Click Here to figure out how much life insurance you may need and also look at cool college education savings/life insurance combo plans.