If you talked to most grown adults, they would say that they have financial burdens and concerns. When speaking of single mothers, that burden intensifies. Many single mothers are simply trying to provide for their children and their most basic needs. Whether it is student debt they are dealing with, their retirement plans, we’re just making it day-to-day, being a single mom is hard. Signet Insurance Group is here to talk about how life insurance can help to ease the financial burdens that are placed on single mothers.
Financial Peace of Mind for Single Moms
With a wide range of financial concerns, there is one solution to the problem: life insurance. This can be the help that single mothers need. In fact, almost 70% of single mothers that own life insurance say that they feel financially secure. To take the study further though, only one in five single mothers has life insurance which is a stark difference to the 52% of adults that own it. Also, several single mothers that own life insurance don’t have enough of it.
Tips for Single Moms When Purchasing Life Insurance
The thought of picking out the right life insurance policy can be daunting for single mothers. This is why we are here to share some tips to help them get the coverage they need.
– Don’t Let Cost of Life Insurance Stop You: It isn’t uncommon for single mothers to get nervous about the cost of life insurance. However, when you are working with your insurance broker you might find that it is more affordable than you think. Many people overestimate the cost of life insurance. Don’t let the cost of life insurance stop you from looking into it. You might find that you can get quite a lot of coverage for your money.
– Get a Permanent Life Insurance Policy ASAP: There are a few different reasons why you should make it a goal to get a permanent life insurance policy as soon as you can. Making sure your kids are covered in the case that a tragedy occurs is first and foremost. Not only that, but it can also increase in value over time. As this happens, you can tap into it to pay for things like your children’s college education.
– Let Life Insurance Policy Support You Later in Life: There are many permanent life insurance policies that come with different features. You can get some policies that will allow you to withdraw money down the road if you were to need special care in your older years.
Home, Business, Life & Auto Insurance Agency in Henderson, North LV, Reno, Spring Valley, Enterprise, Sunrise Manor, Paradise & Las Vegas, NV
If you do not have a life insurance policy and have considered getting one, you can turn to the brokers at Signet Insurance Group to help you find the right policy for your needs. It is our goal to help you attain financial security so that you have that peace of mind as you live out your life. Call us today!
Licensed Insurance Broker in Nevada, Utah, Arizona, Idaho, Colorado, Texas and California
