Tips for Parents Choosing Life Insurance (Guest Post)

When you become a parent, your priorities change. It becomes less about you, and more about them. You realise the importance of making sure your little ones are safe and provided for, whether that is making sure they go to the right school, or making sure they eat something healthy before they start throwing down cookies and ice cream.

Unfortunately, being a parent also forces you to think about the worst things that could happen. How to minimize risks, and how to prepare for the bad times. One important aspect of this preparation is life insurance. Helping to provide protection should the worst happen, life insurance can be an invaluable investment.

So, what should you be looking for when you are buying life insurance?


Value Work Done At Home

One of the most common mistakes made by families choosing life insurance is undervaluing the work done within the house. You may be a stay at home parent, or you may work part time, whatever the situation, it is important to give value to the work you do within the household.

This may include cooking, cleaning, washing the dishes, vacuuming, doing the laundry, ironing, driving the family around, gardening, and everything in between. All those hours you spend doing chores around the house, should be valued when you are deciding how much life insurance you need. If you were not there to do them, how much would it cost for an outside party to do them?

Add Your Kids To Your Policy

Most life insurance providers allow you to add on extra features, or riders, to your base policy to tailor it to better suit your needs. Find out what riders you can add to your policy, whether they are worth the cost, and how much you will benefit from them. One rider you may want to consider as a parent is a child protection rider. This can offer financial assistance if something bad were to happen to your child.

Do Your Research

Find out everything you need to know about what types of life insurance are out there, which insurers are offering what, and what is best for you. Think about income protection insurance, accidental injury insurance, and standard life insurance options. You will also need to work out how much cover you will need. Try using an online life insurance calculator or speaking to an insurance expert.

Get Healthy

While many parents stay fairly healthy running around after their kids all day, it can be helpful to look into any health issues before getting life insurance. Try to lose the excess pounds if necessary, and quit smoking. Take up regular exercise, and try to lower high levels of cholesterol or blood pressure.

Shop Around

As a parent, you will recognize the value of shopping around to get the best deal. There are dozens of life insurance providers out there (such as GIO Insurance, at www.gio.com.au), all offering different deals at different prices. To make sure you get the policy that is right for you and your family, spend some time looking around at what’s available. Use a comparison site, insurer websites, and speak to friends or relatives to see what they recommend.

Payment Options

Some insurance providers offer discounts for paying annually rather than monthly. If this is an option for you, make sure you take it. You may also find that buying your policy online can provide a number of bonuses, from premium discounts, a couple of free months, and cashback if no claims are made.

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Looking for Life Insurance?

As a parent, life insurance is a topic that is heavy on my mind. What if something were to happen to me or my husband? Would those left behind be all right?

Mozdex.com offers key man life insurance quotes as well as many other types of life insurance. This website allows you to type in the information you are looking for and get instant access to quotes from many different life insurance companies through their easy to use quote engine.

It’s a quick and easy way to get the quotes you need and purchase life insurance at a price your family can afford, and finally have the peace of mind that your family would be protected if the unthinkable were to happen.

Do you have life insurance for your family, or are you considering purchasing a policy to protect yourselves or your loved ones? Mozdex.com is an excellent resource no matter what your life insurance needs or budget. Their website is user friendly, making it easy to find exactly what you are looking for, and get the quotes you need in just minutes.

Head on over and check out Mozdex.com today and start shopping for life insurance and take care of your family now and in the future.

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