The Murzzy Blog
Should anything bad happen, a stay-at-home parent can benefit from life insurance. For example, the life policy can help the other working parent take a leave from work. It can also cover the cost of education, child care, daily transportation, and home maintenance.
As a stay-at-home parent, keep these considerations in mind when buying life insurance:
Cost of Life Insurance
If your family depends on one income, the cost of life insurance is an important concern. Let's say, your term policy is $250,000, then it would cost you $150 every year.
But, a study revealed that policyholders tend to overestimate the amount of their insurance. They do not understand their insurance plan, which is why they often overestimate the insurance cost.
Insurance agents generally recommend term insurance if you want an affordable option that covers a specific time period. It is also the ideal option if you have a young family and still paying your mortgage.
Basically, you can get life insurance for a lower cost if you are healthier and younger. Therefore, talk to an agent now about life policy that can meet the needs of your family and your budget.
At Murzzy, we put our clients first by offering them policies that they can afford. Learn more about our products and services by calling our agency at (877) 929-2612. You can also request for a free quote by CLICKING HERE.
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