So, you can
afford life insurance for parents the term one quite easily.
Not exact matches
Having
life insurance can
afford the remaining spouse to take time off work to get everything situated and help pay
for services the stay - at - home
parent provided.
There are two main reasons
parents buy
life insurance on their children: 1) pay
for expenses such as a funeral and medical bills and
afford to take time off work to grieve should they go through the unthinkable and lose their child and 2) guarantee their child's future insurability.
The payor on the policy can be someone other than the insured, making it a great
life insurance for parents policy, if you want to make sure your
parent has
life insurance coverage but they can not
afford the premiums.
Having
life insurance can
afford the remaining spouse to take time off work to get everything situated and help pay
for services the stay - at - home
parent provided.
When the need is long - term but cash flow is currently insufficient to buy the needed coverage using higher premium ordinary whole
life —
Parents in younger families often have major long - term support obligations
for their young children and spouses, have committed expenses that already strain the family's budget and, therefore, simply can not
afford the premiums necessary to buy the amount of coverage they need to protect their families using ordinary whole
life insurance.