If you're
the primary breadwinner in your family, with a spouse who takes care of the home, you might not have considered the real cost of replacing the work he or she does.
They may be
the primary breadwinner in their family or the situation may be that of a single mother pregnancy where the woman has to work to support herself and her yet - to - be-born baby.
Married to a teacher, she's
the primary breadwinner in her family, and a dip in pay will have a big impact.
Many people assume that only
the primary breadwinner in a family needs life insurance.
If you are
the primary breadwinner in your family, or if you have a somewhat specialized job, it is recommended that you try to save enough to cover you for 6 - 8 months, as it can take a while to find a new position should you suddenly lose yours.
Generally, you may need life insurance if you are
the primary breadwinner in the family and you need to ensure your income will be replaced should you pass away.
Myth 1: I only need life insurance if I'm
the primary breadwinner in my family.
Colleagues who were not in that position, who were the sole or
primary breadwinners in their family, or who could not afford to take a pay cut, found that they had to continue practising law or pursuing other employment while also trying to build a mediation practice.
If you're
the primary breadwinner in your family, then you have to think about what's going to happen to your family if they no longer have your income to rely on.
Most people want life insurance for income replacement especially if they are
the primary breadwinner in the family.
Many people assume that only
the primary breadwinner in a family needs life insurance.
That could be bad news for the 40 % of homes where mothers are
the primary breadwinner in their family, and the more than 60 % where the mother brings home at least 25 % of the family's earnings.
Whether you are
the primary breadwinner in your family or you have a two - income home, we don't have to tell you how not having your income would affect your family.
You can also read more about how much life insurance is appropriate for
the primary breadwinners in your family or for stay - at - home parents.
Typically,
the primary breadwinner in the family will purchase life insurance and list their spouse and their children (if they have any) as beneficiaries on the policy.
Sushant is
the primary breadwinner in his family of four, his spouse, Shanti is also employed and makes good contribution to the family fortune.
If you're
the primary breadwinner in your family, with a spouse who takes care of the home, you might not have considered the real cost of replacing the work he or she does.
Not exact matches
«Over 40 percent of mothers are the
primary breadwinners for their
families — and
in many, the only
breadwinner,» Sandberg wrote.
However, 40 % of moms are the
primary (or only)
breadwinners in a
family.
Last week, a Pew study revealed that
in four out of ten American households with children, the mother is the sole or
primary breadwinner for the
family, the highest share on record.
Thus, Catholic educational administrators take who they can get: (a) graduates who are unable to get better - paying jobs
in industry or at public high schools, or (b) spouses of individuals who are the
primary breadwinners of their
families.
The role of men is evolving even
in the three - quarters of dual - parent
families in which fathers are the
primary breadwinners.
«This bears grave economic implications, as men
in this part of the world tend to be the
primary breadwinners of the
family,» the report states.
As a result of the demand on women to perform well
in business, to sometimes be the
primary breadwinner of the
family, and to compete with the go - go - go energy of much of the working world, there has been a tendency for many women to get locked into that kind of «masculine» energy, which can be counter-productive when it comes to getting intimate
in the bedroom.
Children from such
families are doubly disadvantaged compared to children from two - parent
families: they have only one
breadwinner and that
breadwinner — the mother — typically earns less than the
primary breadwinner in a two - parent
family (who is typically the father).
If you are the
primary breadwinner in your home and your death would leave your
family without the means to pay for the mortgage, then mortgage life insurance might be a good option.
However, what many people don't realize until it happens to them is that losing a loved one can also become a severe financial strain, especially if the deceased member of your
family was a wage - earner or a
primary breadwinner in your household.
Whether you are the
primary breadwinner, or the one who takes care of children for the most part, your investment
in the
family life and well being is invaluable.
Managing the probable risk of a cancer diagnosis becomes an imperative for any burgeoning
family, especially
in the context of the
primary breadwinner, lest chance brings about financial difficulties
in the form of lost income and exorbitant medical bills.
The
primary reason for investing
in an insurance plan should be to ensure that the
family income is protected even if something unfortunate were to happen to the
breadwinner.
These plans help secure a
family's future
in the event of the death of a parent, guardian or other
primary breadwinner.
While you may not need as large of a policy as you would for the
primary breadwinner of the
family, you should still have life insurance
in place.
In addition, decreasing term life insurance protection may be ideal for income replacement if purchased by the
family's
primary breadwinner.
We want our protection plans to perform its
primary responsibility of providing for our
family in the absence of their sole
breadwinner.
Like anyone else who has dependents who rely on his or her income, a small business owner needs sufficient life insurance coverage to enable the
family to survive
in the event of the
primary breadwinner's death.
Carol reported significant changes
in their relationship over time, related to her becoming the
primary breadwinner, Tom becoming increasingly dependent on her, and the two of them becoming isolated from friends and
family they used to be close with.
In some
families, women became the
primary breadwinner.