Protecting Children with Life Insurance Cary NC

What is the basic purpose of life insurance? To protect your dependents or loved ones by providing financial support for them in case the unthinkable happens to you. Who needs that support the most? Your children.

It is extremely important for parents to ensure that their children are adequately covered in the case of the death of one or both parents. This applies to dual income households, one-income households, or single parents; every parent needs life insurance to help provide for their children. Plus, adequate life insurance coverage can bring you peace of mind knowing that you are being proactive and taking care of all the possibilities.

Dual Income Households
If you and your spouse both work to support yourselves and your children, would one salary be enough to cover all your expenses? Consider these factors when assessing your life insurance needs:

• College education for your children


• Your children's health costs, now and in the future. This is especially important to consider if only one parent's employer provides health insurance for the family. Would the newly single parent be able to cover these costs?


• The kind of lifestyle you want to provide for your family. Will their quality of living go down significantly if you were to exit their lives?


• Any mortgage or rental payments you make each month, plus taxes, homeowner's insurance, etc.


• Any other debt (credit cards, car payments) you and your spouse may have


• Your parents, or your spouse's parents, who may eventually become financially dependent on you

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