Family Life Insurance Quotes
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Securing Your Family's Finances with Family Life Insurance
As parents, we quite often think about buying insurnace for ourselves to "provide" for the family in case of our untimely deaths. No one wants their surviving children to be left in the hands of strangers or even family without the finances to support them. Both my wife and I have insurance plans in place to prevent against this situation should it happen.
While we did not really care to think much about it, we also needed to think about what would happen in the case of the death of a child. It was not a pleasant conversation, but we had it. Have you?
While we did not really care to think much about it, we also needed to think about what would happen in the case of the death of a child. It was not a pleasant conversation, but we had it. Have you?
Is Childhood Death Something to Even Consider?
Again, this is not pleasant, but it does happen. How often do children die in the United States? Take a look at this section from the Health Resources Services Administration (HRSA)
"In 2006, 10,780 children between the ages of 1 and 14 years died of various causes; this was nearly 600 fewer than the previous year. The overall mortality rate among 1- to 4-year-olds was 28.4 per 100,000 children in that age group, and the rate among 5- to 14-year-old children was 15.2 per 100,000. Each of these rates is approximately one percentage point lower than the previous year.
Unintentional injury continued to be the leading cause of death among both 1- to 4-year-olds and 5- to 14-year-olds, accounting for 35 percent and 37 percent of all deaths, respectively. Among the younger group, the next leading cause of death was congenital anomalies (birth defects), followed by malignant neoplasms (cancer), homicide, and diseases of the heart. Among the older group, the second leading cause of death was malignant neoplasms, followed by homicide and congenital anomalies. "
Surely this should not strike fear in your hearts. Rather, the fact that we do have childhood deaths and that they are no insignificant, should just give you pause to think about how you would financially handle a situation like this.
"In 2006, 10,780 children between the ages of 1 and 14 years died of various causes; this was nearly 600 fewer than the previous year. The overall mortality rate among 1- to 4-year-olds was 28.4 per 100,000 children in that age group, and the rate among 5- to 14-year-old children was 15.2 per 100,000. Each of these rates is approximately one percentage point lower than the previous year.
Unintentional injury continued to be the leading cause of death among both 1- to 4-year-olds and 5- to 14-year-olds, accounting for 35 percent and 37 percent of all deaths, respectively. Among the younger group, the next leading cause of death was congenital anomalies (birth defects), followed by malignant neoplasms (cancer), homicide, and diseases of the heart. Among the older group, the second leading cause of death was malignant neoplasms, followed by homicide and congenital anomalies. "
Surely this should not strike fear in your hearts. Rather, the fact that we do have childhood deaths and that they are no insignificant, should just give you pause to think about how you would financially handle a situation like this.
Where Can You Get Insurance for Your Children
Most insurance companies will offer some type of coverage for your children. One of the more popular children's insurance providers is Gerber Life. We are all familiar with the brand Gerber because of babyfood. We personally took advantage of the Grow-Up® Plan when our children were born. We made that decision because we could not have afforded the alternative.
Of course one of the big positives of the plan is that as long as you pay on time each year, your rate never changes during their childhood. While not as significant in our minds, the cash value of your payments can be paid out after they reach a certain age.
Of course one of the big positives of the plan is that as long as you pay on time each year, your rate never changes during their childhood. While not as significant in our minds, the cash value of your payments can be paid out after they reach a certain age.
Want Insurance But Not Really Sure How to Get It?
Insurance is not as easy to understand as some may think. There is life insurance with term options, life insurance with a universal option, long term care insurance, health insurance, car insurance, auto insurance, and likely insurance for pretty much anything you want to insure. The best thing to do is to get use an insurance quote wizard on an insurance site, and step through the options you want. A good wizard will provide help for each option, or better yet will allow you to talk to a live customer service rep.
The most important thing to remember... if you are not exactly sure what you are getting, ASK! The insurance companies want your business. They will take the time to answer.
The most important thing to remember... if you are not exactly sure what you are getting, ASK! The insurance companies want your business. They will take the time to answer.
by 3Stone
3Stone
Just a web/SEO geek here with some very diverse hobbies and favorites. Like cooking, families, and holidays (which all tend to go together anyway). I travel... more »
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