What Is Mom Insurance? Mom insurance is a special life insurance policy for moms, designed to prevent the emotional loss of losing a mom from also becoming a financial tragedy. A mom life insurance policy provides the money that a family needs to get the help that will be required if a mom dies unexpectedly.
I Don't Work Outside Of The Home, Is Mom Insurance Really Needed? Absolutely! Study after study shows that the financial loss of a mom with NO mom insurance can financially devastate a family, even if she did not work outside of the home. Someone has to do all of the things that a mom takes care of on a daily basis. It will either be the husband, who may have to work less and bring in less money for the family, or paid help. Either way, there is a real financial loss with the loss of a stay at home mom that must be accounted for.
I Work And Have Life Insurance Through My Job, Isn't That Enough? Maybe. Most work life insurance does not provide enough protection for everything that would need to be taken care of if there was a permanent loss of a mom. Even if you have $150,000 of work coverage to help replace your income for a few years, you may be surprised to find out how much more protection your family needs for kid's college, day care, tutoring, help around the house, etc. The best way to find out if you have enough is with the free and easy calculator provided by the non-profit group, The Life Foundation. You can access their calculator HERE.
Is Mom Insurance Expensive? Not at all. In fact, the costs have come down over the past few years and most plans cost less than a couple of lattes per month! Here are some actual prices for different family protection amounts at different ages:
Is Mom Insurance Hard To Get? Not at all. In fact, protection amounts of $250,000 or below do not even require a medical test - no blood or urine! Just a few easy questions to make sure you qualify, and with people living longer and new medical advances over the last decade, almost everyone is approved.
How Long Should My Mom Insurance Last? That depends on your personal situation, but most of the time the protection should last until the last child is out of the home. As kids grow up, move out and become self sufficient, there is less of a financial burden to consider. Eventually, your spouse would just need to take care of themselves and the mom insurance can be stopped.
Is It Hard To Apply For? Not at all. Most of the time, it can be handled right through email or a quick appointment in the office, about 15 - 20 minutes.
Can Mom Insurance Help Pay For College If I Am Not Around To Help? Absolutely. Mom insurance provides a lump sum for the family to use as needed, which includes college tuition. A higher education can be the difference between getting ahead and just getting by, and lots of moms make sure their protection amount includes enough money for a college education.
I'm Young, Shouldn't I Wait Until I'm Older? The odds are that you will live a long and healthy life, but not everyone does. Most people do not expect to die prematurely. Mom insurance is a safeguard against the unforseen, and protection for your family from the worst case scenario. You have insurance for your cars and your house, important assets for sure, but you are far more valuable than either. You need the protection the same as your other family assets.
I'm Getting Older, Is It Too Late To Start? If you have kids at home, it's never too late. A mom insurance plan only lasts as long as you need it to, whether thats 12 months or 20 years.
To set up a quick mom insurance review by phone, virtual meeting or in the office, fill out the "Mom Insurance Review Request" on the side of the page or call us at the office, 719-685-8585. We can figure out the perfect plan for your personal situation and arrange it around almost any family budget. Plus, for a limited time, we want to help you relax and get a needed break with a free one hour massage. We have a limited amount of gift certificates for those who come in for a quick, no hassle protection review. For all of the details, go to the "You Deserve A Break" tab at the top of the page.
