The Today Show recently ran an article highlighting groups of people who need life insurance the most. Too often young people assume they don’ t need to plan for final expenses. While it’s important for senior citizens to make funeral expense arrangements, preparation is recommended for new families, too.
The article points out that more and more women are the primary breadwinners in modern families. As this dynamic shifts, it’s more important than ever for women to consider investing in final expense insurance that meets, or exceeds their partner’s coverage.
“You may get life insurance policies through your employer, but the coverage is usually lower than individual policies and is only in place while you’re employed.”
The article goes on to point out the increased importance of having final expense insurance if you have children, no matter what your age or family structure. When you’re figuring up your coverage, don’t forget to consider the cost of services a stay-at-home parent provides. Examples include: childcare, caring for the home and transportation.
At Financial Providence Group, our knowledgeable agents work with each of our clients to develop a policy to meet their specific needs. Whether you’re starting a family, or getting ready to retire, we’re here to help you plan for your future.
We invite you to contact us directly to discuss your options.