As a Yummy Mummy (or in my case, a daddy) you know there are a lot of questions and choices that come with a new or growing family. Parents are faced almost immediately with a mountain of decisions from choosing the hottest baby name to the best school.
Naturally as a parent, you want what’s best for your children so you probably focus on their current needs and protecting them from immediate dangers. You have the car seats tested, baby gates installed, buy consumer tested toys and baby-proof the house. But what about protecting your baby’s future? What if something happens to you? Do you have the proper life insurance to take care of your family?
Luckily planning for the future doesn’t have to be as complicated or overwhelming as the 75-piece crib you just bought. There are tools and experts to help you decide what is best for you and your family.
Here are some tips from TD Insurance to help you get started:
There’s no time like the present. Why get a policy now? Life insurance, put simply, protects your family’s lifestyle, and future, in the event that you aren’t there to provide for them anymore. Besides, the younger you are when you purchase a policy, the less you pay (and who doesn’t love a deal these days?).
It’s your life (insurance) so get a policy that fits you. There are a number of different policies and insurance options out there. First, you need to determine how much will be enough for your family. This will require a little research – either online with an insurance calculator like the one at www.tdinsurance.com or by contacting your insurance company. Your age, income and the lifestyle you want to lead will have an impact on what type of policy you need.
If you don’t know, ask. A good insurer will help you assess your needs and provide advice that is knowledgeable and makes insurance simple for you to understand. It’s important to ask lots of questions! That’s what good insurance providers, such as TD Insurance, are for.
Some questions to consider asking yourself and your insurance company:
1) How much coverage do you need to maintain your family’s lifestyle today and pay for tomorrow’s costs (such as tuition)?
2) Who will be your beneficiary?
3) What is your monthly budget like?
Keep it simple. Term life insurance offers straightforward coverage with affordable premiums. This type of simple protection can be great for parents with younger families who want to make sure that their loved ones are covered financially in the event of their death, often covering expenses like mortgage payments or child care costs.
For more information or to speak to an expert at TD Insurance, visit www.tdinsurance.com or call 1-877-397-4187.
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