Life Insurance Is an Investment in Protecting My Family’s Future


This shop has been compensated by Collective Bias, Inc. and its advertiser, Protective Life. All opinions are mine alone. #iamprotective #CollectiveBias  The article I share with you below, is my personal story, how life insurance became an investment in protecting my family’s future.

protective family

From the time our first child was born we knew we needed to lead a Protective Life. We chose a top of the line car seat, just to ensure our children were safe at all times. Now that they are older, we still continue to protect them.We make sure our kids put their seat belts on while riding in the car and we’ve even chosen a car that has a good safety star rating with lots of airbags.  We even make sure they wear the proper protective gear for the sports they play.
Protecting Child

Needless to say, we try and do our best as parents to keep them safe and comfortable.

Then I realized that we worked so hard in protecting them now, but I failed in protecting them for the future.

I’m embarrassed to say that for the first 15 years of our marriage, I couldn’t justify paying for life insurance. You know I’m all about saving money and that is one area we could save on.  We were young, young people don’t die.  Life Insurance is for old folks and I didn’t want to jinx us. I mean really!  How silly was my thinking. I knew young people die, but I still couldn’t bring myself to purchase life insurance. It was something that we just kept putting off.

I am Protective

Thinking about death is scary. No one wants to think about dying. The thought of never seeing my children grow up and the thought about not growing old with my husband brings tears to my eyes every time. I also don’t want to think about my husband dying either. It scares me even more now that I’m a stay at home mom. I’ve been out of the work force for 6 years, I’d have to start all over again.

gravesite

It wasn’t until we started putting our estate in order, that we really understood the importance of having life insurance.  My husbands employer provides 1 year salary for his death, but after paying for funeral expenses I really wouldn’t have much left to live on. We aren’t a wealthy family, we are still building up our retirement income, our savings is minimal and none of that would be enough to care for our family and live the way we do now.

In the event I died before my husband did, he would still have his income to live on. But without me around, he’d have to hire help to assist with our kids. Whether he’d put them into after school care, hire a nanny or so on. His salary covers our current expenses with me being home, not with him having to hire someone else care for our children.

Fun Photos 2

We have mandatory things such as health insurance, home owners insurance and car insurance and because we are “forced” to pay those we don’t think twice about that. But when it comes to having life insurance. We dilly dally around, when we really should think of life insurance as an investment in our family’s future and make it mandatory!  I know I’m not the only one that thinks this way.  I loved the video on Protective Life of Anthony Anderson sharing how his family made it mandatory too.

The fact is we will die. We assume and hope that it will be when we are old and our children are grown and out of the house. But only God knows when our time will end and I hope he chooses when we’re old and our children are grown. But if he takes us while their young, we want to ensure they will continue to live the way we live today.  In order to do that we need to have life insurance and we need to choose the right amount of life insurance that suits our family’s needs.

My husband wants me to be home with our children. He doesn’t want me to be forced to return to work. Therefore we aimed for 10x’s my husbands salary. That amount will give me enough to invest and continue to live the way we live today.

In the event of my death, we aimed for enough life insurance to cover all of our expenses and ensure we had enough money to cover any additional help he may need to care for our children.

We also chose to get life insurance on our children, just enough to cover their funeral expenses.

I share this story with you because September is National Life Insurance Month?  I’d love to hear your story. Comment below and share with me what lead you to make life insurance a priority for your family.

 

 

3 Reasons Why You Shouldn’t Buy Life Insurance through your Employer.

Life insurance is important, most of know that but there are still many of us who don’t carry it.  If you’ve been thinking about getting a life insurance policy or have a policy in effect, there are a few things you should avoid.

life insurance

 

 

One being, why you shouldn’t carry life insurance with your employer.

You may be thinking….  it’s cheaper and you can get more coverage for less.  This is true, but life insurance isn’t just about getting a low price.  It’s about choosing the right plan, coverage and a company that will be there for your life and pay out the benefits when you need them.

Now, don’t get me wrong you can carry additional life insurance with your employer, but just don’t make it your primary.

Here are 3 Reasons Why You Shouldn’t Buy Life Insurance through your Employer.  

1.) The rates go up each year as you get older.  You’ll want to invest in a term life insurance policy instead, that way your rates don’t go up each year you get older.

2.) People switch jobs, get fired or laid off.  If this happens to you, your policy will end too.

3.)  If you suffer from an illness or become disabled working, your benefits may end.  Most employers only have to keep you employed for a certain period of time.  If you exhaust that time your employment can be terminated and now what?  Your coverage will end and what if your illness is life threatening?  Finding an insurance company to approve you now will be hard to come by.

Now that we’ve covered the reasons why you shouldn’t buy life insurance through your employer here are some suggestions to get you started on choosing a company that will work to get you the benefits you need.

For children: Give your children the protection they deserve with The Grow-Up® Plan from Gerber life Insurance!  They offer low childhood premiums and you’ll get a Free Child ID Safety Card for your child.

For Active Duty Military families:  Military.com – Life Insurance  SGLI and VGLI May Not Be Enough.  Both of these benefits cap out at $400k.  If you are looking for more coverage to protect your family and connect with trusted Military.com partners to secure your financial future.

For Everyone:   Lower Life Insurance.  Lower Life Insurance allows users to input their info and get quotes from 4 major insurance companies, such as New York Life, Farmers, Metlife, and Liberty Mutual.   You’ll be able to see who is offering the best rates without having to make several different phone calls.

There are so many risks you chance when you choose not to have life insurance and honestly that’s just dumb.  You need to protect your family, stop thinking about it and get your life insurance started today.

 

 

MomsLifeboat ~ Las Vegas, NV
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