When you’re a Work-At-Home-Mom, if there’s one thing that has to be a top necessity for you, it would have to be life insurance. Should something unexpectedly tragic happen, you definitely want to make sure that your family is well taken care of.

If you’ve been wondering about the kind of life insurance options that there are available to you, we have done some looking around and provided you with a list of some of the best kinds of policies for you to personally consider:

Term Life Insurance. A term life insurance policy is basically one that can vary anywhere from one to 30 years of coverage. The policy amount traditionally starts at $25,000; however, you are welcome to increase it to meet your specific needs. A wonderful thing about this option is that its initial premium tends to be pretty low and so it works well for people on a fixed budget. Once the term has expired, it can easily be renewed.

Mortgage Life Insurance. If you happen to own your house, you might want to speak with an insurance agent about the details of what is known as a mortgage life insurance policy. What this kind of insurance means is that in the unfortunate passing of the person who pays the mortgage on the home, the company that issued the policy will pay off the remaining amount of the house note. One key thing to keep in mind is that as the principle balance declines so does the initial amount of the coverage.

Family Life Insurance. A kind of policy that will cover your spouse and any eligible dependent children is a family life insurance policy. Customarily, for children to be considered eligible, they must be not married and under the age of 22. The only way that being over 22 will qualify is if they are unable to support themselves. The children can be your birth children, stepchildren, adopted or foster children.

Universal Life Insurance. Perhaps in doing some reading on payment protection insurance claims, you came across a type of insurance known as universal life insurance. This is great for someone who needs flexibility when it comes to paying for their premiums. With this particular policy, the owner can change the death benefits (unlike standardized term life insurance) and the timing or amount of the premiums are allowed to vary.

Health Issues Insurance. There are a lot of people who have health issues that can make getting a life insurance policy difficult, at best. However, there are policies that are created specifically for individuals who have diabetes, heart issues or are even cancer survivors. Plus, these policies are usually very reasonable when it comes to the cost. One of the main reasons why a lot of people are unaware of this fact is because if they do have health issues, they tend to already feel like they are not a likely candidate for life insurance and so they don’t make the necessary inquires. We encourage you to do so, though. Everyone should be able to protect their loved ones when they are gone and there are many insurance companies that couldn’t agree with that sentiment more.

Photo credit: pgwahm.com

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