Buying a home
You want to ensure your family always has a place to call home. A life insurance policy can help cover the mortgage, so your loved ones can stay in their home if you pass unexpectedly.
With the average monthly mortgage payment just over $2,000 on a 30-year fixed mortgage, it’s easy to see why you should make room for life insurance when buying your home.2
Welcoming a child
Your children are your world. Help safeguard their financial future so they can fulfill their dreams in the event of your passing.
The cost of raising a child to age 17 is $241,080 (not including the cost of college).3 With that number in mind, it’s easy to see how it could be difficult for one person to cover all of their expenses. That’s where life insurance can help play a role in financially protecting them, as well as your spouse.
Raising a family
As your family grows, so do your responsibilities. Loss of income can be detrimental to long-term savings goals. Help ensure your children are able to finance their education if you’re gone.
The average cost of one year of tuition, fees, and room and board at an in-state public university is $22,690.4 The benefits of life insurance vary from person to person, depending on their needs, and can include building a secure financial foundation, financial protection, as well as supporting your home and family.