What is life insurance?
Life insurance generally provides financial assistance when a policyholder passes away. It’s an insurance that no one wants to collect on, but one that family members appreciate if it’s needed.
Who in Texas should carry life insurance?
Texas residents who have people financially reliant upon them should consider life insurance. Coverage can help provide for spouses, parents, children, caregivers, business partners and others.
Should stay-at-home parents carry a life policy?
Even if they don’t bring in an income, stay-at-home parents can have substantial economic value to their family. The cost of replacing their childcare, house management and other efforts can be thousands or tens of thousands annually.
For this reason, it’s often recommended that stay-at-home parents get a life policy. An insurance agent who specializes in life policies can help these parents determine how much coverage they should purchase.