If you are
the sole provider for your family, you may also want your insurance payout to be enough to resolve any outstanding debts you have outstanding [such as a mortgage], and / or substantially cover living expenses for your family for an extended period of time.
For instance, a father who was
the sole provider for the family that now can not work.
If your income is above $ 50,000 and / or are
the sole provider for your family, this amount will help ensure that they can maintain their standard of living should anything happen to you.
Life insurance professionals suggest that anyone who is the primary or
sole provider for a family should add accidental death coverage to any Life Insurance policy.
My husband is
the sole provider for our family.
Whether you're
the sole provider for your family or you and your spouse share household expenses, it's important to ensure that if something happens to you, the surviving spouse and family members will have money for bills and expenses.
I need steady hours and a set salary as I am
the sole provider for my family.
But now Gina is
the sole provider for her family and must find a full time job.