Life insurance is something I know that I’ve needed since my daughters were born. Yet I’ve put if off over the past couple years. When I was working in insurance I had intended to get life insurance but I never went through with it. Why, you might ask?
Let me tell you.
A typical life insurance application was a total pain. Having worked in an insurance office I had to deal with angry customers who were trying to obtain life insurance but first had to jump through a million hoops. First an applicant had to answer a thousand questions before going through various medical tests to be accepted.
#notfun
But here’s the thing. As a mother of two beautiful little girls I desperately NEED to know that they’re taken care of if something happens to me. We don’t want to think that anything is ever going to happen to us but that’s total crap and you know it.
As the saying goes there’s two guarantees in life: death and taxes.
Luckily there’s some relief to the dreaded paper life insurance application. But before we get to that I want to go over the reason that I need life insurance and if you’re a single parent that you do too.
You’re Responsible for Your Children
Being a parent is the hardest, most frustrating, pull-your-hair-out type of job that there is. It’s also the most wonderful, life fulfilling experience you’ll ever have.
Is there anything sweeter than one of your kids looking up at you with big puppy dog eyes and out of the blue saying “I love you, Mommy?” No. There’s not.
When your kids hurt, you hurt. When your kids find joy, you find joy.
But one day you’re not going to be around. And unfortunately none of us know when that day will come.
The thought of leaving one of my kids is pretty much unthinkable. But if that day happens I want them to be able to move forward with the best life they can possibly have.
And like it or not, that might mean leaving money for them – money that a family member or ex-spouse can use to cover every day basics, money to help them through college, money meant to help them get through life without you.
If you’re not covered it’s going to be up to someone else to find the money to cover expenses that you once covered. That’s not always doable.
The Solution: Easy Life Insurance Applications
I’ve recently found a new company called Quotacy where you can get life insurance quotes online from several carriers in just a couple of minutes without having to provide any personal contact information like all of the others.
It works like this:
Visit the site and click the “get started” button in the top right hand corner or the “Get a Quote” link displayed above. You’ll then be asked to enter some basic information like your zip code, gender, and tobacco usage which will generate a ballpark price range instantly to get a feel for what’s available. If you want a more accurate quote you click continue and answer a couple of simple health and lifestyle questions, like your height and weight, and if you have high Blood Pressure or Cholesterol which then produces a full list of the top insurance policies available in an easy to understand format.
When you find the right plan at the right price, you can start the application right there online. Quotacy will review your online application, and if you listed any conditions that might affect your price, they’ll shop the market a second time and let you know right away if there is a better plan than the one you chose.
It seriously took me around two minutes to get my quotes.
Oh Yeah, I’m an Idiot
So I went through the process of figuring out what it would cost me for $100,000 worth of life insurance on a 20 year term.
$8.66 per month.
Seriously, I feel dumb for not having life insurance at this point, knowing that I could’ve had it for less than $10 per month.
Paying $9 a month for financial security is definitely a no brainer in my book.
If you’re interested in seeing how much life insurance would cost you check out Quotacy. It’ll take you less than 5 minutes and it’s totally worth it.
Do you have life insurance yet?
I recently attended a conference that had presenters for parents of special needs kids. One thing they discussed was the importance of having a life insurance policy as well as a letter of intent that explains how you wish for your child to be cared for in your passing. I believe a letter of intent would be a great idea to have along with the insurance for any single mom, not just those with a special needs child like myself.
You are so right! I have a friend who was married very young and at 21 years old found herself a widow with a 9 month old son. Thankfully, her husband had life insurance and they were able to carry on. She was able to save the bulk of that money so that when her son went to college his deceased father was actually paying his way. That was such a special gift that her husband was able to give long after he was gone. Life insurance is a necessity whether single or married.