September is Life Insurance Awareness Month

With September being Life Insurance Awareness Month what does that mean for you? Well, it depends. If you have life insurance, that’s awesome but is it the right fit for you and is it enough? If you don’t have life insurance, we need to talk. It’s not an easy topic to talk about but it’s something that many of us overlook or just think that it’s not that big of a deal if we don’t have any. Truth is, it is a big deal. In an unthinkable tragedy, it could mean leaving your family with all or nothing.

Family dynamics have drastically changed over the years and it’s not the norm anymore for dad to go off to work every morning, leaving mom to stay home with the kids. There are more stay at home dads, single mothers and the woman of the house sitting in the primary breadwinner seat these days than ever before.  With this being the case, it’s important to know your options and what the best route is when you invest in life insurance for your family.

Having the right amount of coverage is essential for your family’s financial future. Who may need life insurance the most in your family? Let’s talk about that:

The breadwinner absolutely needs to have life insurance. The entire family depends financially on whom ever the breadwinner is so it’s vital that they are covered. Whether it’s the man or the woman of the house, coverage is definitely a necessity.

Some may not think that older couples don’t need life insurance when in fact they do especially if they are still paying on a mortgage. Leaving the surviving spouse with the financial support to pay the mortgage would be a huge burden they don’t have to worry about.

Single parents should also have a life insurance policy. Giving your children more of a secure financial future is peace of mind for you if something were to happen to you. Come by the office and let’s look at your options with Farmers Life® to provide that peace of mind.

If you have the ability to have one parent stay home with the kids, that is definitely something to be thankful for. If this is the case you for, it is still important to have coverage for both parents. In an event of something happening to the stay at home parent, costs for child care, keeping up with the house, transportation and such needs to be taken into account. Having this breakdown will help fit you with the best life insurance for your needs.

There’s no set amount when it comes to knowing just how much life insurance is enough. What it boils down to really depends on your individual situation. For more information on life insurance, please give us a call. Also, a great tool to use is lifehappens.org. There you can explore what options are available to you.