As a new parent, you may be facing a lot of changes. But one thing that won't change is the fact that life insurance is important for your family.
When it comes to life insurance, there are a few key things to keep in mind:
1. You have to have it
Most parents do not think about life insurance until their child is born, but it's important to start thinking about it at least two years before your child's due date. And why? Because if your child dies before they turn 18, you'll receive a death benefit on the policy.
2. You want to make sure you have enough money in reserve
The first two years after your child is born are going to be pretty expensive, so make sure that you're saving enough money for those expenses so that you won't run out of money when things get tight.
3. It should be affordable
There's nothing worse than finding out that your policy isn't affordable after you've already spent thousands of dollars on other things like college tuition or daycare expenses!
When it comes to life insurance, there are a few key things to keep in mind:
1. You have to have it
Most parents do not think about life insurance until their child is born, but it's important to start thinking about it at least two years before your child's due date. And why? Because if your child dies before they turn 18, you'll receive a death benefit on the policy.
2. You want to make sure you have enough money in reserve
The first two years after your child is born are going to be pretty expensive, so make sure that you're saving enough money for those expenses so that you won't run out of money when things get tight.
3. It should be affordable
There's nothing worse than finding out that your policy isn't affordable after you've already spent thousands of dollars on other things like college tuition or daycare expenses!
