Raising a family

 

The need for life insurance: Raising a family

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Joelle: Usually in this day and age there is a dual income coming into the household and most people like myself rely on each other’s incomes. So I rely on my husband’s income and he relies on my income. If something happened to him unexpectedly, first of all of course, emotionally I would be completely devastated and so would all the kids. And then to not have the finances needed to stay in the house, to live the same lifestyle, to pay the monthly bills, I mean just the water bill or the electric bill or whatnot; that would just be such another piece of that situation that would be so difficult to worry about my finances when I’m already suffering this emotional loss. So, it’s important if you’re going to start a family to make sure that that piece of it is covered.

As your family grows, so do your responsibilities

Having the right amount of life insurance is important, and you should understand that the amount of coverage your family needs changes with the changes in your life.

More than 50% of Americans feel they have the right amount of coverage.1 Unfortunately, many people don’t re-evaluate their coverage as their life changes, and this is a major reason why many Americans find themselves significantly underinsured in comparison to their family’s needs.

As your family grows and you take on new responsibilities, it’s important to review your life insurance coverage, and determine if it’s still meeting the needs of your family.

Having the right coverage in place can help ensure your family can maintain their way of life, achieve the dreams you have for them, and pay for your final expenses. In many cases, a combination of term and whole life can help with achieving the right amount of coverage and peace of mind. Amica provides an easy calculator to determine how much insurance is right for you.

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How much life insurance coverage is right for you?

Use our needs calculator to find out.

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Resources

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Your helpful life insurance guide: Raising a family

Being a parent is one of life’s greatest joys. As your family grows, it’s essential to have enough life insurance protection in place to help ensure they will be taken care of if you’re no longer there.

Your helpful life insurance guide: Shopping for Life Insurance

When it comes to shopping for life insurance, you may need help making an informed decision. We’ve created this guide that’ll make it much easier for you when you’re looking to purchase life insurance.

Tips to help determine the right amount of coverage for your needs

No matter what stage of life you’re in, it’s important to consider several factors to help determine if your life insurance covers all of your unique needs.

Amica Life Survey finds Many Americans are underinsured – are you?

If something were to happen to you, or to your spouse, would you have enough life insurance protection to cover all of your expenses?

Why Amica Life?

With Amica Life, you can always expect an extraordinary level of service. Our licensed professionals will listen to your unique needs, answer your questions, identify coverage that's right for you and then help you every step of the way to ensure your coverage stays in line with all of your life’s changes. With an A+ (Superior) rating from A.M. Best2, a leading authority on insurance company financial stability, you can also be confident Amica Life will be there for your loved ones.

Learn more now!

These are the times when life insurance can matter the most.

12015 Amica Life Financial Peace of Mind Survey
2A.M. Best Company. Feb. 18, 2016. A+ is the second highest of 15 possible ratings. For the latest rating, access ambest.com.