Life insurance is a tricky industry for a lot of people to understand. It’s hard to know exactly when you need to purchase a policy and who in your family needs one – and what does that policy even cover? To put it simply, if you have children or someone depends on you for support, then life insurance is a necessity. Support isn’t just financial – it can mean carpooling your kids from school to their after-school activities or making dinner after a long day at work. Stay at home parents or parents who work part-time need life insurance just as much as financial breadwinners.
Familial support comes in a lot of different shapes and sizes – which is why it’s incredibly important for both parents to protect their families by purchasing a policy.
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In our daily lives, we don’t think about our own mortality and the “what if” scenarios that would keep us up at night. But if you don’t have a life insurance policy I urge you to keep reading this post because it’s one of the best ways to protect your family and getting a policy has never been easier.
Who needs a life insurance policy?
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If you’re young and healthy, it’s easy to prioritize the present and ignore the future for another day. But life is unpredictable. What is cast off one day as not necessary, could leave you or your loved ones in jeopardy. Life insurance is one of the simplest ways to ensure that your loved ones are protected no matter what happens. But, who in the family needs a policy?
The most obvious reason to purchase a policy is if you are the breadwinner of the family. A life insurance policy is a simple way to replace the value of your salary. If an accident occurs or you were to pass away unexpectedly, your family would likely suffer without your income.
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The second, less obvious reason to purchase a life insurance policy is if you are a stay at home parent. It’s not just the breadwinner that supports a family, stay-at-home parents are chauffeurs, tutors, cooks, housekeepers, and so much more. Combining the cost of after-school care, grocery shopping and homework help adds up fast. If the unthinkable happened, the surviving partner would be left to cover all the additional expenses a stay at home parent took care of.
If both you and your partner contribute to the financial wellbeing of your family, life insurance is a way to supplement income. If your partner passes away, their policy can continue supporting bills and expenses that were formerly shared between you, like your mortgage, tuition fees and credit card bills.
Buying a life insurance policy doesn’t have to be difficult
When you think about life insurance, you probably aren’t thinking about how easy it is to get a policy. But it should be. Life insurance is intrinsically good. It’s there to protect families at their most vulnerable moments.
In today’s society with voice assistants, grocery delivery and rideshare apps – why shouldn’t life insurance be just as fast and simple? Ethos is a new life insurance company that provides term life insurance coverage completely online. No blood test, or paperwork and they rarely require doctor’s appointments.
Ethos makes protecting your family easy because they don’t employ a single commissioned agent. Meaning there is no salesman incentivized to sell you a more expensive policy – they want to make sure you and your loved ones are given the policy that is right for you, period.
When it comes down to it, purchasing life insurance is a reliable way to provide your family with financial support. Traditionally, life insurance has been a cumbersome business bogged down with paperwork, blood tests and red tape. That’s all changed with the advent of technology and thanks to companies like Ethos that leverage it to simplify the process for us all. Life insurance can simply be about protecting families, not about the policy price tag.
No compensation was received for this post.
