As we analyze the more traditional family structure vs the more modern family in 2021, we see that certain things that were standard such as having more than one child, a single income family household (usually from the father) have transitioned to situations like a husband and wife with no kids, single mother or father with a child, and pets. This change in the family structure faces certain challenges in the security and quality of life, which are greatly influenced by outside circumstances. Because of this, it’s important to protect ourselves as we face changes in our lives after marriage, and also other unexpected situations that might arise. Standard Health can help you when seeking protection.
Protecting your loved ones
When starting a new family, you take on new responsibilities and new priorities. Now you are living not only for yourself but for your loved ones as well. It’s wise to consider protecting your loved ones in the event that you are not there to care for them financially. Life insurance is the best way to accomplish this.
Life insurance for your new family: Life insurance is a way to support your children, spouse, and loved ones if something happens to you. There are two types of recommended life insurance for new parents. Term life insurance which is temporary and Permanent life insurance. Term life insurance is more affordable and allows you to buy more coverage at a lower price. Permanent life insurance lasts your entire life. It pays out whether you die next year or in 60 years. Permanent life insurance can be eight to 10 times more expensive than term life insurance.
Starting a family offers a fresh start with beautiful new beginnings. It’s an important time in your life and protecting and caring for your family takes priority. By being familiar with your options as a newlywed and as a new parent you are two steps ahead of the game and are on your way to financial security and protection. Are you starting a new family? Tell us in the comments below.