5 Questions Expecting Moms About

If you are expecting a child and are considering life insurance, the first thing I must say is smart move! But if this is your first time looking for coverage, you may have questions. Some typical ones I've heard over the years:

1. What type of life insurance coverage is best for new parents-term or permanent? Before determining what type of coverage you need, you must first understand how death benefit you need to protect your family. You can easily calculate online to get an idea of ​​how much work you may need in this life is life insurance needs calculator passes.

Then you can go to kind of coverage- term or permanent meets your needs. One advantage of term life insurance is that it costs less permanent, at least initially. This makes it affordable for young families who may not have a lot of disposable income, but have a great need for coverage. Permanent insurance provides both permanent coverage and a function of cash accumulation, which can be a valuable source of money that you can tap into the future.

Often, the best solution may be a combination of term and permanent life insurance. The long-term policy can give you additional coverage during the years when the children are at home, with the permanent policy offering permanent coverage.

If you want a working idea of ​​what you might need, try our online product selector. Answering a few basic questions will give you a quick answer.

While a housewife is not compensated for his work ... it would be expensive to replace all these things she does.

2. Should you consider different types of coverage if you are working mum versus a housewife? Both working and stay at home moms need protection because they do for their families is so valuable. While a stay at home mom is not compensated for their work, if something were to happen to him, it would be expensive to replace all these things she does, from child care to home care to ensure the family gets when they have to go when they need to be there.

the difference between the two is that the working mother also contributes income, which can be critical for the family financially. This means that she needs to think about replacing that income when you consider how much life insurance coverage, it may need.

3. The company I work for offers life insurance, is it enough? Group insurance is a great thing to have, but it is limited in a number of ways. First, the coverage is often a lump sum like $ 50,000, or it may be one to two times your salary. This may seem a lot of money, but my question is this: Honestly, how long the money last? And what would happen to your family financially after missing?

Second, when you leave this job, you usually lose that coverage. If you do not have an individual policy you own, you will be leaving your family at risk. Think about how many times people change jobs, and you'll soon realize that group coverage, which is limited in scope and quantity, is not a proper life insurance plan.

Are there any restrictions that I have to consider now that I'm pregnant? If it is early in your pregnancy, and no medical complications, you should be able to get life insurance. If you are away and there are medical problems, it may difficult to obtain. The life insurance company may want to wait until your child is born. That's why I advise those who plan to have children to get coverage as soon as possible.

A healthy 30-year-old woman could get $ 250,000 in life insurance coverage for only 41 cents a day.

What can I expect to pay for life insurance? How much you pay for life insurance is based on a number of things, but especially the age and health. So it depends what age and your health! But here's an example: A healthy 30-year-old woman could get $ 250,000 in life insurance coverage (for a long-term policy in 20 years for a non-smoking) for only 41 cents day. That's certainly a lot of peace of mind for 41 cents.

And do not forget your husband or partner. The two of you could get $ 500,000 of combined coverage (using the example of two 30 years each for a term policy level 20 years $ 250,000) to the right at about $ 24 per month .

And my last piece advice: talk with a life insurance agent at this stage can be very useful. They can do a needs assessment and find the right type and amount of life insurance that works for your family budget. And what many people do not realize is that the agent will sit down and offer this advice for free, no strings attached. If you want to help find a professional life insurance, you can start here.