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Life Insurance: A Means to Provide for Your Young Family

life-insurance
My oldest daughter

Before we brought our baby home, we had everything set up.

I can’t remember how many times people asked if we were ready.

The room was all set with freshly painted walls and a new crib that was up to the latest safety standards with a baby monitor close by.

We had a changing table with secure sides and a stack of pampers ready to be worn.

We even had the car seat installed weeks ahead after following all of the proper guidelines provided in the manual.

If there was a mommy version of a girl scout badge for safety and preparedness, I would have earned it  easily.

While safety and security came in the form of necessary gear packaged in beautifully wrapped  gifts from my baby shower, the greatest gift we gave to our family was life insurance.

Here’s Why Life Insurance Gives You Piece of Mind

Before I explain the benefits, you may ask yourself:

Do I really need this?

Some people may not think so since a recent Harris poll shows that  only 4 in 10 people buy life insurance because of a life event such as having a baby.

This was shocking to me.

I just believe it’s our duty as parents to protect our kids. That’s what we sign up for right out of the gate.

I once heard a quote that said:

Babies smile in their sleep because they are listening to the whispering of angels.

As a parent, you can also smile when you go to sleep knowing that you don’t have to worry about how your family would manage if something were to happen to you or your significant other.

Instead of leaving your family saddled with grief, the loss of income and possibly left to struggle, opt for purchasing life insurance. It’s the ultimate sign of love and care-taking to empower those you leave behind.

You don’t buy life insurance because you are going to die, but because those you love are going to live.

~Unknown Author

If you agree, click to tweet here.

Start a Conversation and Get the Ball Rolling

Here’s exactly what I did:

1. I had a talk with my spouse.

As much as we hated to think of such a sad and serious scenario at one of the happiest times in our lives, ask yourself these questions:

How would my income and expenses change if something were to happen?

How would this potentially impact childcare?

What if something happened to both parents?

How much life insurance do I need?

You can take a look at a needs assessment calculator. It will ask you a series of questions to determine your needs so you can figure out how much insurance is right for you. These are also questions you can ask an insurance company.

2. We wrote down questions we had.

3.  We added up all of our expenses.

4. We read up on the topic a bit and called a few insurance companies to get quotes.

5. Then we made room in our budget and bought it.

The Bottom Line

No matter what phase of life you are in, you’ll find that the peace of mind of having life insurance far outweighs the expense.  Like quality baby gear and good parenting, it provides protection and security to your loved ones.

Disclosure: This blog post was written as part of a sponsored program for State Farm to raise awareness about the importance of life insurance. All views expressed are entirely my own, and were not influenced or directed by State Farm. You can learn more about this blogger program and life insurance at GoodNeighbors.com, PlantingMoneySeeds.com, and by following #StartLiving on Twitter.


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