- my iParenting
- quick clicks
- babies today articles
- babies today q&a
- toddlers today articles
- toddlers today q&a
- breastfeed.com articles
- breastfeed.com q&a
- message boards
- research baby names
- prepare a birth plan
- content channels
- ip channel rss feeds
- read birth stories
- read parenting stories
- recommended books
- e-newsletters
- safety recalls
- ip diaries
- ip store
- mom of the month
- dad of the month
- editor's letter
- letters to the editor
From Our Sponsors
 |
- e-newsletters
- Sign up to receive our free weekly e-newsletters
- award-winning products
The iParenting Media Awards program helps parents find the best products for their families.
The "Facts of Life"
State Insurance Regulators Offer Tips for Consumers
Life Insurance Tips for Each Life Stage
The NAIC's consumer Web site, Insure U, provides focused tips to consumers based on their likely needs in different life stages. For example: - Young singles who want to be sure that they can get life insurance later in their lives when they may develop health problems should consider purchasing term life insurance that is guaranteed to be renewable. They may also want to consider a term policy with a conversion option, which enables them to switch, for a set fee, to a cash-value policy at a time when they have more money. Those serving in the military should consider Serviceman's Group Life Insurance, low-cost term life insurance available to all those in active duty.
- Young families should consider purchasing life insurance for both spouses, even for a non-working spouse, to help pay for childcare and other domestic services. At this life stage, term insurance may be the most cost effective when their salaries are still relatively low and they're paying off a mortgage. Some parents purchase small life insurance policies for their newborns to guarantee that they'll have some insurance if they develop health problems.
- Established families should consider the probable costs of their children's college education when determining how much life insurance they may need.
Want to see more?
Comments
There are no comments for this article yet.Be the first to 
|
Post As:
|
||
| Enter your comment below: | ||
| Title | ||
| Comment Text | ||
| CAPTCHA | ||
| Please note that any comments submitted become the property of Disney Family / iParenting and can be edited and posted at our discrection. | ||
