Laddered Life Insurance – A Great Option for Young Families with Growing Insurance Needs.

Laddered Life Insurance – A Great Option for Young Families with Growing Insurance Needs.

Life insurance isn’t for you, it’s for the loved ones in your care. For young families on a tight budget, term life insurance is an ideal option. It’s simple, customizable, and affordable, especially for young parents without any health issues.

It lasts for a specified period—5 to 40 years—and your premiums will not increase during that time. The younger and healthier you are, the lower your monthly payments will be.

You can purchase additional term life insurance policies as needed, to cover your growing family and the additional expenses of, for example, a larger home. This is commonly called laddering. It can keep your payments lower than with permanent insurance which lasts throughout your lifetime.

There is no savings component to it, as is the case with permanent, or whole life, insurance. It’s intended for a specific purpose—protecting your loved ones from financial struggle, replacing your income, so that your family can pay for everyday things such as food, schooling and living expenses if you should die.

Married, but different. If one of you is earning a higher salary—or one of you is a stay-at-home parent–you might want different levels of coverage. Each working parent’s policy needs to cover the loss of their specific salary. The loss of a stay-at-home parent should also be covered in consideration of expenses like daycare, transportation, housekeeping and other valuable services.

The goal is protecting your children, and the contributions of both parents are important for them to have a happy and fulfilled life. Protecting them from this loss means both parents need insurance.

Divorced parents. Term life insurance is a great option for ensuring your responsibilities are met, such as alimony and child support. If you are the one making these payments, then you could purchase the insurance and name your ex-spouse as the beneficiary. If you name your children, the money will be held in trust for them.

Blended Families. If your blended family includes a wide age range of children, laddering term policies will provide coverage for the differing financial needs of children who are maturing at different times.

An insurance specialist can help you determine how long the term of your life insurance policy should be, what options are best for you, and the right amount of coverage for your situation. So, give us a call to discuss life insurance that grows with your growing family.

31 thoughts on “Laddered Life Insurance – A Great Option for Young Families with Growing Insurance Needs.

  1. cs skins casino websites 2024 says:

    Have you ever thought about publishing an e-book or guest authoring on other websites? I have a blog based upon on the same information you discuss and would really like to have you share some stories/information. I know my subscribers would value your work. If you are even remotely interested, feel free to send me an e mail.

  2. 国产线播放免费人成视频播放 says:

    Appreciating the hard work you put into your website and in depth information you present. It’s great to come across a blog every once in a while that isn’t the same out of date rehashed material. Excellent read! I’ve saved your site and I’m including your RSS feeds to my Google account.

  3. http://www.russa24-diploms-srednee.com/ says:

    Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

  4. Теннис онлайн says:

    I’ve been exploring for a little for any high-quality articles or blog posts in this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i’m glad to show that I have a very just right uncanny feeling I came upon exactly what I needed. I such a lot for sure will make certain to don?t fail to remember this site and give it a look on a continuing basis.

  5. Прогнозы на футбол says:

    Hi great blog! Does running a blog like this take a lot of work? I have very little expertise in programming but I was hoping to start my own blog soon. Anyway, if you have any recommendations or tips for new blog owners please share. I know this is off topic nevertheless I just needed to ask. Thanks a lot!

  6. Jac Амур says:

    Have you ever considered about including a little bit more than just your articles? I mean, what you say is valuable and all. However think about if you added some great photos or video clips to give your posts more, “pop”! Your content is excellent but with images and clips, this site could certainly be one of the very best in its niche. Awesome blog!

  7. theguardian says:

    Nice post. I learn something new and challenging on sites I stumbleupon every day. It will always be helpful to read content from other writers and practice a little something from their sites.

  8. rtp altogel says:

    964183 899381Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your website? My weblog is in the exact identical area of interest as yours and my visitors would truly benefit from some with the info you provide here. Please let me know if this ok with you. Thanks! 324268

  9. pg333 says:

    66502 829537Hi! Do you know if they make any plugins to safeguard against hackers? Im kinda paranoid about losing everything Ive worked hard on. Any suggestions? 658767

  10. zbet911 says:

    359195 366017We clean up on completion. This might sound obvious but not several a plumber in Sydney does. We wear uniforms and always treat your home or workplace with respect. 304760

  11. โคมไฟ says:

    776496 448734Very finest folks messages are meant to charm allow honor toward groom and bride. Newbie speakers in front of excessive locations really should typically our own gold colored dominate in presenting and public speaking, which is to be private interests home. best man speach 552047

  12. ทัวร์เวียดนาม says:

    168817 19100I discovered your weblog site internet internet site on the internet and appearance some of your early posts. Continue to keep inside the fantastic operate. I just now additional increase your Rss to my MSN News Reader. Seeking toward reading far much more from you locating out at a later date! 633538

Leave a Reply

Your email address will not be published. Required fields are marked *