There are many steps to take when trying to become a better man, and taking care of one’s family is probably the most important one. Being a good husband, and father, is not always an easy task, but it is one that can AND should be accomplished. I’ve found that the area most men lack in is preparation. The type of preparation I am specifically referring to is life insurance. Men are often times underinsured, and that is if they even have life insurance at all. None of us cherish the thought of dying, but unfortunately there are times when it happens, and of course it is almost always unexpected. To be fair, there are men out there who simply cannot afford life insurance, or a very good policy if they do have it. Then there are others who lived the single life for so long they just aren’t thinking about the necessity of it. Regardless of the reason, if you don’t currently have a policy, or it can’t fully support your family in the event of your demise, then you need to get cracking!
Life insurance is certainly most important for couples with children, especially when the husband is the sole wage earner in the family. If you have small children today then you need to ask yourself how your wife will pay the bills and support them on her own. Also, were you planning on paying their way through college as well? That will require years of planning and saving, odds are you don’t have all the funds available to you today. I recently read an article that said a child born today, and whom will attend college 18 years from now, will require about $400,000 in order to complete a 4-year education. To me that is utterly insane, but it is a fact of life. Avoiding life insurance isn’t going to prevent inflation from happening.
If you’re worried about the cost of insurance because you are barely making ends meet today, then rest assured there are plenty of affordable companies out there. For example, InsureChance has plenty of options for the cost conscious consumer, just stop by their website to check out the options available. Having a policy of any kind is better than nothing at all…keep that in mind!
If you currently have insurance, but your wife doesn’t have a policy then that is another thing you need to look into. Perhaps your wife works, or perhaps she stays at home, it really doesn’t matter. Replacing her income is important, and if she is a stay-at-home mom then will need to hire someone to tend to the kids if anything ever happens to her. It’s amazing how few people consider the consequences of losing the homemaker in the family.