This post is sponsored by BabbleBoxx.com on behalf of Nationwide.
Inside: Learn the one simple thing that you can do today to help secure your child’s financial future.
When we received the amazing news that we were expecting our first child, I was instantly overcome with a great sense of responsibility.
My mind flooded with questions: What should I be eating to make sure our baby gets all the nutrients he needs? What should I be doing to prepare for our little one’s arrival? Can I start a college savings account for my baby before he is even born?
I wanted to do absolutely everything that I could to protect our son and make sure he would have the best life possible.
But, I had failed to consider a very important aspect of planning for our child’s future: Would our son be financially secure if something were to happen to my husband or I? Could the surviving parent keep up with the mortgage on just one income? How would they afford childcare?
The reality is that no, with one income we couldn’t afford childcare while still keeping up with our mortgage and all our other expenses. And forget about that college savings account.
This is when I realized that life insurance was crucial to protect our son’s future.
Importance of Life Insurance
Although it might be uncomfortable to think about, as a parent it is our duty to make sure our children are taken care of, even if we are gone.
A life insurance policy can help meet financial needs and supplement lost income in the event that something was to happen to us.
Although many employers offer life insurance policies, the payout is often not enough to fully cover your family’s needs. Furthermore, if you were to leave your job, you can say bye-bye to your insurance policy as well.
I was surprised to discover that life insurance rates are less than I had expected. Much less. I spend more each month on lattes.
I also learned that since the cost of life insurance tends to increase as we age, I could lock in a lower rate by getting a policy while we are still young (okay, young-ish).
Now that we both have life insurance policies in place, I am confident that our son can still have the life we have imagined for him — even if something happened to us.
Don’t Wait Another Day
While planning ahead in the event of something happening to yourself or your spouse might be scary, it is downright terrifying to think about leaving your child behind without a financial plan in place.
Reach out to Nationwide today and take the first step to secure your family’s financial future. Nationwide will work with you one on one to find an insurance policy that is the right fit for you and your family.
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