Suggested ad (Legal & General America)
You know this better than anyone. After your little one arrived, your world was never quite the same—in the best way. That tiny baby has grown to influence some big changes in your life, including changing the way you plan for the future. The need to protect your family financially has taken on a whole new meaning and level of importance.
It makes sense that buying life insurance is a natural next step for so many people after they decide to start a family. It gives you peace of mind, it helps provide financial security for your family, and it’s easier than ever to buy quality coverage thanks to modern technology. There are a few things that can be helpful to keep in mind as you look for a life insurance policy that’s right for your family.
Term life insurance is affordable
Term life insurance is the policy choice recommended for many people because it’s affordable, low maintenance, and lasts for a specified term length—hence the name. Basically, you have life insurance coverage for as long as you need it, whether that be 10, 15, 20, 25, 30, 35 or 40 years.
Across the board, term life insurance policies are a lot more affordable than most people realize. If you buy a policy while you’re young and healthy, you can usually lock in a low monthly premium rate for the duration of the policy term length.
Term life insurance gives you peace of mind at a price you can afford — as low as $8 per month. A low monthly payment can equate to hundreds of thousands of dollars in coverage.
It’s actually pretty easy
Modern technology has given us the limitless power of search engines, easy access to videos of puppies and babies, and even cool pregnancy apps! Our partners at Legal & General thought we could also use a solution for buying life insurance that’s actually simple.
Legal & General is a leader in low cost, high quality life insurance. They make term life insurance protection easy to understand and easy to purchase. You get to decide how often to pay for your policy, and you never have to worry about missing a payment with our electronic funds transfer payment method. You can check in on your policy online, too.
Not all coverage is equal
Some people get life insurance coverage through their employer benefits, which is a great work perk. However, most employer-provided policies only offer coverage that’s one or two times your annual salary, which isn’t nearly as much protection as most parents need. A common recommendation is to have coverage that’s five to ten times your annual salary.
In addition to leaving you underinsured, coverage through your employer typically ends when you switch jobs. If you wanted to continue coverage at that point, you would need to reapply and, because you would be older, pay more for that same financial protection. It’s also important to remember that life insurance through work is a “group rate,” which typically isn’t as affordable as an individual policy would be as a young, healthy new parent.
When you have a growing family to financially support, individual life insurance coverage is usually the best fit for you because you get an individual rate, coverage tailored to your needs, and a policy that goes where you go.
You’re doing great!
You’re the parent of a little one who loves you more than anything and needs you for everything, so don’t forget to pat yourself on the back for all your hard work! You’re doing an amazing job, checking things off your to-do list left and right, and figuring out the best steps forward.
If you know that life insurance is something that you need for your growing family, don’t hesitate to use Legal & General America as a resource.
With Legal & General America, you can fill out an application online in minutes and receive an update on high-quality coverage ASAP. Tap the button below to learn more and get a free quote.
This ad is brought to you by Legal & General America