Why Families Need Life Insurance in Thousand Oaks
Protect your child with reliable life insurance in Thousand Oaks.
When your children are newborn, you buy monitors, car seats, and safety locks to stay one step ahead of potential dangers. In short, you do the best that you can to protect your little bundles of joy. As they grow older, you loosen the grip and allow them to learn for themselves, yet the instinct to protect never truly fades. Part of being a parent means purchasing life insurance to safeguard your family.
Being a parent doesn’t come cheap. Every year the government publishes a report totaling the cost of raising a child until 18 years of age. In 2015, the cost was a staggering $233,610. Luckily, life insurance is there to help cover the costs of raising a child, should something happen to you. By buying a policy that offers $250,000 of coverage, you are able to protect your child financially.
Bear in mind that your workplace life insurance may not be sufficient for your needs. Typically, a policy through work only provides two to three times your income. As children cost a lot to raise, as stated above, more insurance is required. What’s more, if you leave the job, your life insurance policy will discontinue, too. It’s worth looking into private life insurance for the peace of mind that your family is protected.
Many parents overlook insuring children with a policy of their own. While it’s true that you should protect those left behind, it helps to provide your child with a policy, too. Even though parents hope and pray that their children will stay healthy, events can transpire over which we have no control. A major illness, a chronic health problem or even a catastrophic accident with permanent injuries can result in the child being considered uninsurable for life. A permanent policy provides protection for life, regardless of how the child’s health status may change.
Purchasing life insurance is just one more way that you can show your love and concern for them. To secure a quality life insurance policy that is right for your needs and budget, visit the team at Falsken & Associates Insurance Agency, located in Thousand Oaks today!