Life insurance provides the much - needed money for child care and elder care if
the main breadwinner of the family happens to pass away.
Term insurance is an affordable option providing protection to your family when they need it the most for e.g to cover major final obligations in life if something happens to
the main breadwinner of the family.
The original purpose to buy a life insurance plan was for «pure protection», meant to replace the lost income of
a main breadwinner of a family.
Also, if you're the sole or
main breadwinner of your household, invest in life insurance to prevent a financial crisis for your dependents in case you're no longer in the picture.
Not exact matches
When those 2016 numbers are factored in, the instances
of millennial men who don't think it's better for the man to be the
main breadwinner actually shoots up to nearly 90 %.
Of those who said dad would not be likely to take it (46 %), more than half (58 %) said this was because he was the
main breadwinner, so the family wouldn't be able to afford it.
Nearly half
of these working dads also said they regretted agreeing to be the
main breadwinner — and handing the bulk
of childcare to their partners.
And in thirty per cent
of couples with children, the woman is the
main breadwinner.
While men are three times more likely than women to be the
main breadwinner in a household, nearly half
of women surveyed are also employed and another quarter are in retirement
The
main narrative
of «The
Breadwinner» has been drawn in a simple, shallow, frieze - like style.
Thanks to his playing
of the stock market, he's also the
main breadwinner.
In addition, the
main breadwinner's retirement affects when spousal benefits can begin Investment Rebalancing If you're facing a 20 - or 30 - year retirement, you'll need to keep some assets in stocks and shift a portion
of your assets into fixed income.
The wealthy know that while it may seem natural for the
main breadwinner to do the investing, if the investments are made (and taxed) in the name
of the lower - earning spouse, the returns are taxed at a lower rate.
While the loss is potentially less financially devastating than a loss
of the life
of the
main breadwinner in your family might be, a Santa Rosa apartment fire or a burglary in Cloverdale can ruin your day, your bank account, and even the very fabric that ties your family together!
Danica is in a long - term relationship where she is the
main breadwinner and her partner is often out
of work.
Many women are finding themselves to be the
main breadwinner, while their husbands take care
of the kids.
Now, I understand, having researched this a lot, having coached clients for 15 years or so, many people are deep in debt because
of circumstances in their lives, what I call the dreaded Ds: downsizing, a death in the family
of the
main breadwinner, divorce, disability or disease.
It made sense that policyholders would want to keep term insurance instead
of expensive whole life insurance, especially here in Palo Alto or the Bay Area, where housing prices and incomes were rising very quickly and folks realized that they needed larger and larger amounts
of term insurance to replace the income
of the
main breadwinner or to pay off a large mortgage at death.
Many people think only in terms
of insuring the family's
main breadwinner.
In case
of loss
of the
main breadwinner, a child plan can remarkably safeguard the child's future.
This amount is generally considered sufficient to provide the survivors with the income they will need in the absence
of the
main breadwinner.
The
main aim
of insurance is to provide for your family even in your absence especially if you are the sole
breadwinner.
70 %
of families say that if the
main breadwinner died, they would have trouble paying the bills within a month or two.
Many people decide to purchase coverage when they begin to worry that their family would have a hard time if they lost income from one
of the
main breadwinners.
The thought goes against the grain
of the concept
of why we carry life insurance in the first place — to protect the family provider, the
main breadwinner, or a spouse who provides caregiving services in the household — should they die and leave the family without financial support.
For instance, if the surviving policyholder were a stay - at - home spouse without an independent source
of assets, that person would need funds to maintain living and business expenses upon the death
of the
main breadwinner.
«But it's becoming easier, and more acceptable, for dads to take on the role
of caregiver, while mums become the
main breadwinner.
We find no difference in the proportion
of families with poor father - child relationships according to whether the mother or father is the
main breadwinner (Figure 4 - F).
In traditional Iranian families, the
main duties
of a woman are being a wife and a mother, and the man is the head and
breadwinner of the family.
Specifically, hostile sexism predicted respondents» negative judgments
of a married mother who was the
main breadwinner for her family, and benevolent attitudes toward men predicted respondents» negative judgments
of a primary caregiving father.