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.
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.
Life insurance provides the much - needed money for child care and elder care if
the main breadwinner of the family happens to pass away.
Not exact matches
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.
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!
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.
Many people think only in terms
of insuring the
family's
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.
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.