As a new parent you have plenty on your mind: late-night feedings, new-found financial responsibilities, childcare, the list goes on…One of the most important things to consider during this exciting time is life insurance coverage. Even if you currently have life insurance, assessing your needs is a must.
Employer-Provided Life Insurance
Like many Americans, you probably depend on group life insurance through your employer to protect your family. Unfortunately employer-provided life insurance generally only covers a small fraction of the financial support your family would need if you were no longer able to provide. If you currently have life insurance coverage at work, your first step as a new parent is to find out just how much protection your group policy provides. Even if you’ve checked in the past, it’s a good idea to reevaluate. What may have seemed like a lot of coverage just a few years ago may no longer be enough.
Private Life Insurance Coverage
If you currently have a private life insurance policy, be sure to reevaluate that coverage as well. Will it adequately provide for your spouse and your child? Once you’ve assessed your current life insurance coverage it’s time to determine if you need an additional policy. Though it might seem like a task you simply don’t have time to complete, shopping for and even starting the purchasing process for life insurance coverage online can be fast and easy. At IntelliQuote we offer instant online quote comparisons, enabling you to shop and compare when time allows. No more excuses, next time the little one goes down for a nap, take the opportunity to request a quote.