Moms-to-Be: Let’s Learn About Life Insurance

Nothing is as wonderful an experience as becoming a parent for the first time!

Also, if you are opting for life insurance, then nothing can be smarter.

If this is the first time that you’ve looked into the concept of life insurance,then you need to be

more proactive when planning. First, to choose the most suitable policy, you should have a clear

understanding of the several aspects involved in the process. This is where a reputed life

insurance company can help you out. For instance, if you are planning to enroll in a life

insurance policy in Texas, then an agent will help you with all of the queries that you may have.

Here are some of the common questions that people ask when planning to enroll in an insurance

policy.

You might have these questions pop up in your mind, so the answers will definitely help

you make a wise decision:

1.What is better for me – term or permanent life insurance coverage?

For new parents who have a lower income, term life insurance is more cost-effective. However,

permanent insurance offers both lifetime coverage coupled with cash accumulation feature. The

latter can turn out to be an effective source of money in the future. The best option is a blend of

both term and permanent policy. The term- policy facilitates extra coverage over the years and

permanent policy offers lifelong coverage.

2.A working mom or a stay-at-home mom. Does it matter?

Both stay-at-home moms and working moms need financial protection. However, will be a

difference in the insurance coverage. Since a stay-at-home mother is not compensated for all that

she does, it might get pricey to replace her income (from home care to child care) if something

happens to her. A working mom contributes to the family finances, which gets affected in the

event of any mishap. Based on these factors, you have to decide on the life insurance coverage

will be most beneficial for you.

3.Is it enough if I just choose the insurance policy that my company offers?

It is beneficial to have group insurance that your company may offer. However, it has limited

scope. The large amount that it offers sounds quite impressive, but what will your family do

when that money runs out? Secondly, if you decide to leave your job for any reason, then your

coverage is gone. This is when you realize the importance of having an individual policy that

will never leave your family financially vulnerable.

Be in the best of health, as obtaining an affordable life insurance policy depends prominently

on your health during pregnancy:

Paying for a life insurance policy is based on several things, with age and health being the most

important ones. If you are healthy enough, and these are your early days of pregnancy, then

getting life insurance coverage will be relatively easier. If you have medical complications, it

might be more difficult for you to get a life insurance policy. Keeping this factor in mind, it is

advisable that when you plan to have a child, you should purchase insurance at the earliest.

Contact Us:

Choice Plus Benefits Inc.

http://www.choiceplusbenefits.com

14200 Midway Rd., Suite 107, Dallas, TX 75244

Telephone: 972.441.7411, 972.850.0680

FAX: 214.622.6448

E-mail: jstamper@choiceplusbenefits.com