Parents Underestimated Value of Life Insurance
While it might seem reasonable to assume that
becoming a parent would be enough to trigger a person’s interest in life
insurance, a recent MetLife study finds that this is not always the
case. In fact, the study finds that most individuals consider life insurance
when they get married, but do not reconsider it, or purchase it in greater
amounts, when they become parents. As a result, many parents either do not have
life insurance, or they have it in inadequate amounts. This study is analyzed
in a recent U.S. News & World Report.
Different families
have different needs, different aspirations, and different financial
situations, so there is no one-size-fits-all life insurance solution. However, all parents are alike in their
passion for protecting their families, especially the children, and for
ensuring that they leave behind a rich legacy. For that reason, considering the
benefits offered by life insurance is something all families should make time
for.
The U.S. News &
World Report story makes a similar argument. In fact, the article says
that thinking about life insurance belongs on any new parent’s to-do list,
alongside nursery preparation and “stocking up on diapers.”
The article also makes
note of the many reasons why parents often neglect to properly consider life
insurance. Sometimes it is due to perceived financial strain, and in other
instances it stems from inconvenience, as a life insurance policy typically
requires a brief physical check-up. Also common, the article says, is a simple
desire to avoid thinking about something as harrowing as an untimely demise.
Despite these causes, life insurance offers too many potential benefits
to ignore it completely. Life insurance
offers protection and peace of mind, and preparation for events that are
otherwise unthinkable. “Yourinsurance411 agrees that parents should make life insurance
an item on their to-do list.” CLICK HERE - TERM INSURANCE for more information
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