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An older couple laying on their deck

There is More to Income than Replacing Income

Many people know that it's smart to get life insurance. A well-funded plan is needed to replace your income in the event that you die. Without coverage, your family may be left scrambling to pay the bills after their income drops. While many people know that a well-funded policy is important to replace a working person's income, fewer people realize that stay-at-home spouses need coverage as well. Spouse life insurance is needed to help pay to replace services that they provided during their lifetime. If you or your partner doesn't have an income, but provides child care, cleaning, child shuttling, or other services, coverage is needed to provide those services.

Services Spouses Provide

Whether your partner works for a paycheck or not, the work that they do would cost money to replace. Child care can be expensive, especially if you have more than one child. Housekeepers can be expensive as well. If your children need someone to take them to sports and other activities, you may have to hire a nanny. A policy can help pay for the services that a stay-at-home partner normally provides.

Other Needs to Consider

Life insurance is often needed to help pay for a funeral and other final expenses. A funeral and a burial plot can start at $7,000. Many people do not have that kind of money available in savings to spend in the event of an unexpected death. Work-at-home partners may have probate costs and medical expenses that need to be paid as well. A well-funded plan helps pay for these final expenses, and makes it easier for the family to cope financially in the initial days after a death.

Get a Free Quote Today

If you or your significant other does not have insurance, it is important that you get covered before it is too late. If at some point, you or your partner develops a chronic illness, it may be too late to get protected at an affordable price. Now is the time to get a plan, before it is too late. We are not an insurer, but we work with several different insurers in order to find the best rates available. Getting a free quote is a simple process. All you have to do is fill out our online form, and we will be able to find the best pricing quotes available. Don't put off getting covered until it is too late. You will be under no obligation to buy when you get a free quote, so what are you waiting for?
Reference: http://www.mylifeinsurancetips.com