Leaving parents home alone, protected.
Kids gone off to college? Downsized into a smaller house now your children have moved out? There are many reasons why the children flee the nest, leaving parents feeling the ‘empty nest’ syndrome.
Many parents wonder if life insurance is needed, now that their children have left home. The answer is – quite possibly! Here are 5 reasons why you should still own life insurance:
To meet goals
If your children are in college and are not completely financially independent, life insurance can help. From kids’ college tuition and living expenses, to payments for the surviving spouse and children, finances can be aided.
To create a financial “safety net”
Emergency funds help in the event of a unplanned financial payment, so if a household doesn’t have an emergency fund, the post-death family will be even more financially vulnerable without one. Furthermore, it might also be somewhat more difficult for the ...