Life Insurance for Families

What families typically want to protect

• Income that a surviving spouse or partner would need to maintain the household
• A mortgage or other housing costs
• Children's education and future financial needs
• Childcare costs if a non-working parent were to die
• Outstanding debts that would otherwise fall to a surviving family member

Coverage considerations for families

Families often consider term life insurance because it can provide a substantial death benefit at a lower premium during the years when financial obligations are highest. The appropriate coverage amount and term length depend on your income, debts, number of dependents, and existing assets.

Both working and non-working parents may need coverage. The financial contribution of a non-working parent—childcare, household management, and other responsibilities—has real economic value that would need to be replaced.

Questions to consider

• Would my family be able to maintain their current standard of living without my income?
• How long would my family need income replacement?
• Do I have a mortgage or other debts that would need to be addressed?
• Do I have existing life insurance through work, and is it portable?
• Has my coverage kept pace with changes in my income or family situation?

The evaluation process

A conversation about family coverage begins with understanding your household income, obligations, existing coverage, and goals. If coverage appears appropriate, I will explain the available options, coverage amounts, and what the underwriting process involves before you make any decision.