Hey, New Parents

If you’re a new parent, you know the joy of a newborn more than anyone else out there. (Or at least you tell yourself that, as if no one else out there has ever had kids.)

Nonetheless, you gain a newfound respect for life, realizing how precious it really is to be alive, to feed and grow and nourish something, and even realizing your own capacity for hardships and annoyances when love prevails. Like, who is okay with waking up every hour of the night to check on a helpless living thing? Parents, that’s who.

There’s the keyword, though. Helpless. Our children are honestly pretty much entirely dependent on us for love, for advice, for comfort, for protection, for food, for growth and education, and for countless other things. It’s kind of amazing to behold a child without their parent, sometimes. How are they supposed to survive, to live and grow?

These are questions you fortunately do not have to ask yourself because, well, you love them enough to be there for them.

But what if you can’t be there for your child? What if you were struck by disaster, leaving your child without a loving and caring parent? They would have zero support. Zero protection. Zero food. Zero love. (Obviously someone else would take them in or your spouse would still be around for them, but you get the idea.)

Now that you have a child, visions of disaster may seem all the more real to you. Having something utterly helpless depend on you makes you weigh your choices in life a lot more heavily. You now see risks a lot more clearly, almost as if having a child changed your thinking and sight, like you’re wearing a permanent pair of glasses that give utmost clarity in risky decisions and to avoid them.

Life insurance is the answer to your worries. Yes, you’ll die eventually. It’s not the greatest thing to dwell on. But if you die early from some sort of thing out of your control, at least your children will be set financially with the loss of a huge part of the family income. At least your spouse can carry on while grieving and not have to worry about bills piling up in your absence. At least your family will have a solid plan and you’ll have protected them from further hardship in the wake of your death. Life insurance wilkes-barre PA does the trick and solves all these problems.

Things to Consider When Expecting a Child

Having a baby can provide a big shake up to your normal routine and requires making adjustments to accommodate the new member of the family. Most people are great about taking care of the most pressing baby related to-do’s, things like putting together the nursery, picking out a stroller and installing a carseat. However, there are a number of other, less obvious, to-do’s when having a new baby.

1) Legal documents. Your new baby is a new person and needs many of the same documents that you already have and probably take for granted. While in the hospital, you’ll probably fill out a form to get a birth certificate and that certificate will be sent to you once you’re home. But you’ll also need to look into getting a social security card for your new family member and, if you’re a frequent traveler, a passport. Obtaining of these legal documents require other documentation to verify birth date, address, etc. so be sure to hang on to all of the documents that are given to you within the first few days of your new child’s life!

2) Insurance. While admittedly not a fun thing to discuss during the excitement of having a new baby, it’s important to discuss insurance coverage and what would happen in the case that you or your partner unexpectedly pass away. Even if you have life insurance already, it’s crucial to re-evaluate your coverage since the insurance payout will now need to cover the expenses of not only your partner, but your new child as well. Ensuring that things like daycare or even college can be paid for through insurance is a wise way to think for your family’s future, even if you aren’t there for it. Additionally, you’ll want to take a look at your health insurance plan and ensure that your new baby is covered as soon as possible!

3) Budget. To put it frankly, babies are expensive. Even if you have great insurance coverage that minimizes the cost of the delivery itself, the cost of diapers, food, clothes, and toys quickly add up and the new expense can force a jarring change to spending habits if not anticipated well. Before the baby arrives, or soon after, take a look at your month spending and how much you anticipate spending on your new baby. It will help you identify where you can continue spending as you have in the past, or where you need to cut back, and minimize the financial stress that comes along with a new addition to the family.

Having a baby is a super exciting time! But it can also be very overwhelming, particularly if there are unexpected to-do’s that pop up along the way. Childbirth classes are a great way to learn about what to expect during the actual delivery and conversations with other parents can help you anticipate what life will look like after bringing the baby home and, hopefully, this short article has provided a couple other small things to think about as well.

Newlyweds Need Life Insurance

As someone who is eyeballing marriage within about two years, I can definitely say that I’ve got a lot of planning to do, boxes to check off, and lifestyle changes to implement. I’m not super young, but I’m definitely still early on enough in life to know that things need to be done before marriage.

One of those things happens to be life insurance.

It’s a weird concept to me, at least at the moment. To pay money every month so that when I die, even more money comes back as a safety net to someone I delegate. It’s just . . . bizarre.

But I know when I marry (and even have children), the notion makes full sense in order to protect my spouse and spawn. Because in all honesty, I’m sure a significant part of their lives will be impacted financially without a policy in place.

For example, imagine if you die and your kids still depend on your income to get by? Imagine how much a devastation it would be to not have money for food and housing on top of losing their mother or father? It’s a pretty sad thing to imagine them losing you as it is, but to lose you and not have the means to live comfortably at a young age? That’s pretty brutal.

So don’t wait around or put it off for too long. Random disasters strike ordinary people like you every single day. Just because you think you’re healthy or you think you live in a good neighborhood doesn’t mean something can’t happen out of the blue that could render your family unable to make payments on a funeral, on monthly bills, and on groceries.

Picking out a policy that fits you and your family takes some time to research, sure. But it’s well worth the time and money invested to have a plan in place when your time ultimately comes to an end. We don’t mean to be tasteless about it, but you cannot control how and when you die, but you can control taking on a life insurance policy to give your family more comfort everyday knowing that all will be fine no matter what.

Insurance can seem like an unnecessary thing that you pay for by the month only to not have anything happen to you, but it’s just one of those things that you’ll wish you had when you need it most. The problem you’ll be okay with is “Well, I don’t need this and yet I have it.”

Answering the Question “I’m single, why should I get life insurance?”

Oftentimes, life insurance is something a lot of people get because they just got married or had a kid. They start thinking of the future and for those they provide for, and having insurance protecting your family if any tragedy were to befall them is the best way to ward off further hardships.

But what if you’re single and don’t have children? A lot of people question why it’s needed if they’re in this situation, considering they’re not providing for anyone else. So, we’ve got a few reasons why you should still think about getting this insurance even if you are single and without kids.

Funeral expenses.

You should still consider a smaller policy even if you consider yourself completely health, debt-free, and don’t ever want a family. Why? Because someone will end up needing to pay your end-of-life and funeral expenses if you die early. Policies from $10,000 to $25,000 are usually just fine in order to cover these expenses. You don’t want your friends and family to have to grieve and pay for your funeral, do you?

You’ve had someone else cosign on loans.

Yes, federal student loans go away when you die. But private loans typically aren’t the same story. Other cosigned debts are the same, even if it’s a car, credit card, or mortgage. The other person will still be responsible to pay your debts after you die, so having something in place to cover those expenses for them is a great idea.

You may want kids someday.

Tip: Get it now while you’re younger and healthier. It’ll be cheaper than trying to buy once you have kids, are in your 30s, and other reasons you can’t help. By the time you do have kids, your base coverage will already be in place and you can then increase your coverage as needed once the kids come.

Your family history shows inheritable health issues.

Do your parents have health issues? You may too, down the road. Buying insurance now will ensure that you get it far cheaper while you’re still healthy instead of being diagnosed with a health condition that will raise your rates. Just be planning ahead, as you don’t want to have to worry about insurance down the road when you do have a family, and you definitely don’t want to see larger dollar amounts when you could’ve locked in a great rate today.