While all major milestones in your life bring significant changes, there may be no greater life event than becoming a new parent. As a first-time parent, it’s only natural for you to feel a great sense of responsibility along with incredible joy and love for this little person who is going to become such a big part of your life.
As much as possible, you’ll want to take an active role in providing the best, and most secure, life possible for your child from providing nourishing food to picking schools that will prepare them for life. But what would happen if you were to suddenly be diagnosed with a critical illness, or worse? If your income stopped would your child be able to continue on the path you so carefully laid out? Will there be money to pay for housing or post-secondary education? This is where life and critical illness insurance can help.
Deciding how much insurance you need to protect your family depends on a few factors. My Insurance View from ivari will help you sort through these factors to come up with a personalized insurance solution for your needs. My Insurance View will take into account things like:
You may think if you don’t work outside the home you don’t need life insurance. But even without an outside income, it is still important to have life insurance protection. If something were to happen to you, as a stay-at-home parent, all of your daily jobs would still have to get done. Someone would still have to care for the children, clean the home, cook for the family, etc. The surviving spouse may have to hire a live-in nanny or pay for daycare. Covering the cost of replacing the work of a stay at home parent over the years could cost hundreds of thousands of dollars.
You know life insurance is a good idea, but if you’re worried about cost, relax. Life insurance is more affordable than you may think; plus, with a personalized insurance solution from ivari, you’ll be sure to get only the protection you really need for as long as you really need it.
As a first step, try My Insurance View. It’s an insurance calculator that is easy to use and will help provide you with a basic understanding of how much, and what type, of insurance you need to protect your family. Once you’re done, you can email your results to your independent insurance advisor who can then recommend products that fit within your budget.
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