Becoming a Parent
Think about the financial impact on your family if you or your spouse or partner were suddenly out of the picture. From diapers, to soccer camp to diplomas, would there be enough income to pay for day care, a college education, and everything in between? Your children are your greatest responsibility, and life insurance can help them to grow up in a stable environment, one in which they are physically safe and financially secure, if something were to happen to you.
A rule of thumb is to buy life insurance equal to five or six times your annual salary. Stay-at-home spouses may need their own policy to help pay for childcare in case of their death. Also, high net worth households or families with special needs will benefit from more extensive financial planning.
When it comes to buying your life insurance, you should start with your employer. Many employers offer group life insurance as part of their benefit plan, and many companies actually pay for the coverage. Be sure to check with your HR department for your specific information.
Once you’ve got your employer group insurance in place, you’ll probably want to consider individual term life insurance to round out your coverage. Term insurance is often a good choice for people in their family-formation years, because it allows them to buy high levels of coverage when the need for protection is often greatest.
What do you want to do next?
Getting Married
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?
Buying a Home
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?
Changing Jobs
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?
Planning for College
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?
Planning for Retirement
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?
Graduating College
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?
Getting a Divorce
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?
Caring for a Special Needs Child
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?
Becoming an Empty Nester
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin et tellus massa. Nulla volutpat neque velit. Vivamus vehicula diam quis tellus euismod ac fermentum neque euismod.
Curabitur facilisis, urna nec facilisis auctor, nulla mi ornare felis, elementum posuere risus elit a ligula. Quisque in metus eget nibh semper aliquam a facilisis odio.
Nam commodo diam nec massa facilisis ut ultricies urna congue. Fusce feugiat dapibus sollicitudin. Aliquam magna diam, bibendum sed malesuada in, tempus a libero.
What do you want to do next?