The time to get free life insurance quotes and buy a policy is when your family is young.
This rule applies to both new parents and their dependents. Our health rarely improves with age and premium rates increase to reflect this. Protect your children while you can and the coverage is most affordable.
Connect with an agent licensed in your state for expert advice on the best way to protect your young family from the risk of an early demise.
Expecting mothers (especially first-timers) often begin thinking about life insurance quotes because they have a future young family they must raise and protect in the future.
The underwriting rules during pregnancy make it unattractive to be so proactive. Most mothers can still buy a policy but may have to pay a little bit more. Some will face a declination.
- Pregnancy weight can push premiums higher
- Gestational complications are problematic
- Maternal death rates are 18 per 100,000 live births
New parents should always request a life insurance quote because they have a newborn baby that needs financial security. Young families pay the lowest rates so it pays to get things started early.
- Term policies offer the highest death benefit for a defined period. A 30-year term will last until your newborn graduates from college.
- Whole life policies offer guaranteed cash value FAFSA forms do not include any cash value in the contract when calculating college financial aid eligibility.
- Universal life option B is very useful for accelerating cash value growth. In addition, you can elect to make excess premium payments.
Single mothers frequently request life insurance quotes because their children lack a plan B. If the one adult providing support passes away, they may have nowhere to turn for monetary help.
- Life insurance does not count as an asset for many government benefit programs. Single mothers frequently need this assistance.
- Term life coverage is more popular with single parents because of the lower premium costs relative to the size of the death benefit. Shorter terms also make the premiums more affordable for young families with only one wage earner.
- Single mothers can purchase coverage on the father of her children. She has an insurable interest: protecting future alimony and child support payments.
Divorcing parents often need life insurance quotes to fulfill obligations in their written property settlement agreement. 20-year term policies are usually sufficient to cover the time span before the children reach the age of emancipation.
- Divorcing fathers often need to secure future alimony and child support payments
- Custodial mothers often need to protect the father in case she dies and leave him in charge of raising the children alone