We work hard to provide our families with a good life. Everyday you go into work you do it to ensure they have everything they need to succeed and maintain their lifestyle. But what will happen if one day you can no longer provide those same assurances? To make matters worse, what if you don’t have anyone to fall back on to support your loved ones?
As a parent, one of the scariest things to think about is what your children will do if something happens to you someday. This can be even scarier if you’re a single parent without a partner to fall back on.
But here’s the thing: you are the sole provider for your children. It’s even more important that you take time to consider all the future possibilities. Here’s what you need to know about life insurance, including how much coverage to get and how much it’s likely to cost.
These are important reminders from USA TODAY. Financially responsible people will always plan for the worst and hope for the best. Here are some of their suggestions to ensure your loved ones are cared for.
1: Talk to Potential Caregivers
If you don’t already have plans for alternative caregivers for your children, now is the time to make them. Your life insurance decisions will largely hinge on the circumstances of those who would care for your children in the event of your death.
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